So how do you know if you should consider selling your policy on the secondary market? Here's a few perameters to consider: Are you over 65? Life settlements work best when an individual has a life expectancy of 12-15 years or less. Is your policy sellable? Term Insurance policies may be sold if they are convertable to permanent insurance. Universal Life policies, Whole Life policies and even some Variable Universal Life policies may be sold on the secondary market. Does the policy have a face value of more than $250,000? If it does, then it might be worth considering a life settlement. These three things are the basic items of consideration in determining whether or not you are able to sell you policy. Any one of these factors could make it difficult if not impossible to sell your policy.
So how do you know if you should consider selling your policy on the secondary market? Here's a few perameters to consider:
Are you over 65? Life settlements work best when an individual has a life expectancy of 12-15 years or less. Is your policy sellable? Term Insurance policies may be sold if they are convertable to permanent insurance. Universal Life policies, Whole Life policies and even some Variable Universal Life policies may be sold on the secondary market. Does the policy have a face value of more than $250,000? If it does, then it might be worth considering a life settlement. These three things are the basic items of consideration in determining whether or not you are able to sell you policy. Any one of these factors could make it difficult if not impossible to sell your policy.
Are you over 65? Life settlements work best when an individual has a life expectancy of 12-15 years or less.
Is your policy sellable? Term Insurance policies may be sold if they are convertable to permanent insurance. Universal Life policies, Whole Life policies and even some Variable Universal Life policies may be sold on the secondary market. Does the policy have a face value of more than $250,000? If it does, then it might be worth considering a life settlement. These three things are the basic items of consideration in determining whether or not you are able to sell you policy. Any one of these factors could make it difficult if not impossible to sell your policy.
Is your policy sellable? Term Insurance policies may be sold if they are convertable to permanent insurance. Universal Life policies, Whole Life policies and even some Variable Universal Life policies may be sold on the secondary market.
Does the policy have a face value of more than $250,000? If it does, then it might be worth considering a life settlement. These three things are the basic items of consideration in determining whether or not you are able to sell you policy. Any one of these factors could make it difficult if not impossible to sell your policy.
Does the policy have a face value of more than $250,000? If it does, then it might be worth considering a life settlement.
These three things are the basic items of consideration in determining whether or not you are able to sell you policy. Any one of these factors could make it difficult if not impossible to sell your policy.