Reason #9 to Sell Your Life Insurance… Pay off Debt
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.
Paying off debt prior to retirement is a goal for many. Selling Life Insurance could allow you to pay off debt and enjoy retirement debt free.