1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    There are life settlement companies that will evaluate whole life insurance policies to see if they want to buy them. Ironically, in order to sell your policy, it will need to be robust while you are a person will need to be frail (of an older age and/or with reduced life expectancy).

    Sometimes a family member will be happy to take over payments of your policy so that you don't have to lose it. Selling your life insurance usually does not bring you the cash you hoped. Still, if you would like to look into it, I would be happy to assist you so that you do not fall into the wrong hands.
    Answered on September 8, 2014
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