How To Sell My Life Insurance Policy?
15786 POINTSContact Meview profileBob VineyardPROFounder, Georgia Medicare Plans, Atlanta,GAIn some cases investors will buy your life insurance policy through a process called viaticizing. Normally this is only done in cases where the individual is terminal and has a life expectancy of 2 years or less. Policies considered normally are 2 years old or older. You can sell term or permanent but most investors prefer permanent plans.Answered on May 17, 2013+01+1 this answer
0flag this answerview more answers by Bob Vineyard.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.To sell your insurance policy, you would contact a company that specializes in "life settlements". They will first evaluate your policy to see if there is any value in it to a potential purchaser. This evaluation also includes an evaluation of you, because they are counting on you passing away within a few years in order to make a profit. If yours is a policy in which they are interested, you will fill out an application and they will see if there is a settlement that everyone can agree on.Answered on September 6, 2013flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
