Sell Life Insurance Policy at Life

Sell Life Insurance Policy. Pros and cons to selling your life insurance policy. People 65 or older can typically sell their life insurance policy as long as the face value of the policy exceeds $100,000.

Selling a life insurance policy involves selling the policy to another entity or investor. If a life insurance policy is no longer needed, no longer wanted, or no longer affordable it might be a great time to sell. A viatical settlement is one someone sells their life insurance policy upon discovering they are terminally ill with less than a 2 year life expectancy.

Different Types of Life Insurance Policies How Much Do

A viatical settlement is one someone sells their life insurance policy upon discovering they are terminally ill with less than a 2 year life expectancy. If the money you get from selling your policy changes your income bracket, it may affect your ability to qualify for government programs or subsidies, such as medicaid. This process is also referred to as a life insurance settlement or. Life auto home health business renter disability commercial auto long term care annuity.