Why sell your life insurance policy?

I have gotten a few responses from people curious about why some people might want to sell their life insurance policies. Let me give a few reasons:

- The estate has been reduced to a point that the tax burden no longer requires coverage to pay the estate tax.

- The spouse/primary beneficiary has died.

- Policy Owner is in the process of or has gone through a divorce.
Note: In the past, the only policies that were considered of value as a marital asset were those with cash value. Now, Term Insurance which has no cash value component, has a value.

- Policy Owner is in the process of or has gone through a Personal or Business Bankruptcy

- The Universal Life policy that was supposed to self fund itself (sometimes referred to as a disappearing premium) isn’t performing as desired and now significant premiums are required to keep it in force.

There are of course other reasons, if you feel your situation would benefit from a life settlement, please email us or call toll free 1-888-973-8377.