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  1. Jul 31, 2023 · When selling your life insurance policy, here are the basics steps you'll go through: Find a broker or settlement company: The policyholder shares information about their life insurance...

  2. Oct 10, 2023 · Sell Your Policy for Cash. You can get more than the cash value of your policy by selling it to a third party through a process called a life settlement. The third party will pay you a lump sum ...

  3. Sep 5, 2023 · Table of contents. 1. When it makes sense to sell your life insurance. 2. Who can sell their life insurance policy? 3. How to sell your life insurance. 4. Pros and cons of selling a life insurance. Back to top.

  4. Apr 30, 2024 · Whatever the reason, you can sell your life insurance policy to a third party via a life settlement. Life settlements can help you receive a lump sum of money, but they have complex...

  5. Oct 30, 2021 · How to Sell Your Life Insurance. By Mila Araujo. Updated on October 30, 2021. Reviewed by Marguerita Cheng. In This Article. View All. How Does It Work? Ways to Get Money From Your Policy. Reasons to Sell. How Much Can You Get? How to Sell a Life Insurance Policy. Photo: Tom Werner / Getty Images.

  6. Aug 1, 2023 · When it comes to selling your life insurance policy, you have two basic choices: a life settlement or a viatical settlement. A life settlement is the truest form of selling your life insurance policy. Consider this category if you no longer want to pay premiums, need immediate cash or no longer have a life insurance need.

  7. Nov 19, 2020 · There are typically two ways to sell a life insurance policy: Directly to a buyer, although it’s very rare to find an individual who will buy an existing policy. To a broker or settlement company that specializes in finding third-party buyers for policies.

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