Reason #7 To Sell Your Life Insurance… Your Term Policy Coverage Has Ended
A Life Settlement is the sale of a life insurance policy to a third party for a value in excess of the cash surrender value, but less than the death benefit.
Life Settlements represent an important solution for a growing number of people who thought they were stuck with a life insurance policy they no longer need.Many people do not realize a life insurance policy is their personal property and can be sold.
Buying term life insurance can be a strategic solution for many people. But conversion can be expensive. Selling life insurance can be a good option when the coverage on your term policy ends. Especially before it lapses.