How does one sell their life insurance?

  • by Jeff
  • Oct 29,2019
  • 4 answers

How does one sell their life insurance?


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Insurance Answers (4)

Best answer

Casey Y 2 weeks ago

There are two things you could do with a life insurance policy. Let it cancel or sell it. Viatical Settlement companies buy life insurance policies....or take them over. Think of the company who also buy annuities and whatnot.
If its whole life and there is a cash value, there is probably some surrender value as well...

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Bone Alone 2 weeks ago

You can’t. You can only cancel it or have it canceled but not paying.

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The Oracle of Omigod 2 weeks ago

There are places that buy them because the insured has paid more for life insurance with whole life than just insurance. The companies that buy these are hoping that you die soon so they don't have to continue paying premiums. They are not in business to lose money.

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Anonymous 2 weeks ago

He probably means "cash it in."  Unless he's terminally ill, ain't nobody gonna buy it.

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