Can You Sell A Term Life Insurance Policy?
.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Term life insurance does not have any cash value, so is usually not the type of insurance that people can sell in a life settlement. If the insured person is in very poor health or very advanced age, and there are many years left on the policy, it may be possible to sell it.Answered on November 26, 2014flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA term life insurance policy would not have much value but it could be sold. I am not sure where to go in order to market your insurance policy but I suppose someone might be interested in buying it. Purchasing an existing life insurance policy is like placing a bet and hoping that a tragic event takes place before the policy expires.Answered on February 5, 2015flag 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.
