We need to be clear here about if you really mean selling or surrendering your Life Insurance. Please look at my other answers regarding surrendering a policy which I recently addressed.
Can you "Sell" your Life Insurance: Maybe!
We do work with a company that will give lump sums of money for life insurance policies which are no longer wanted or needed. Simply, you turn the ownership over to this company, they continue paying the premiums until death. Of course, you have to qualify before anything will happen.
Seek me out if you would like to review the possibilities on your life insurance policy.
There are "life settlement" companies who will buy some life insurance policies from those who no longer want or need their coverage. Most life insurance policies have no value to them, and therefore, are not "sellable". The policies they are looking for are almost always permanent policies with cash value that is not in danger of running out due to increasing premiums. They also are looking for insured persons who have a short remaining life expectancy due to illness or old age. I have a questionnaire that can quickly determine if your policy is of interest to reputable life settlement companies, and will oversee the process, if interested.
.JPG){kind=avatar}
Can you "Sell" your Life Insurance: Maybe!
We do work with a company that will give lump sums of money for life insurance policies which are no longer wanted or needed. Simply, you turn the ownership over to this company, they continue paying the premiums until death. Of course, you have to qualify before anything will happen.
Seek me out if you would like to review the possibilities on your life insurance policy.