That’s called a life settlement. If you no longer need your life insurance policy, and it can still be converted to a permanent policy, there is a chance it can be sold. While that sounds quick and easy it’s important to understand that for a life settlement company it’s an investment. If you’re still very healthy it usually isn’t a good investment. You should also carefully weigh the cost of selling a policy versus keeping it if you’re in poor health.
The Hinerman Group
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