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You're Home! » Can I Sell My Life Insurance Policy?

February 13, 2019

Can I Sell My Life Insurance Policy?

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Most of you probably have life insurance, right? My husband finally got a really good job and so we were offered life insurance through his work, which is really nice. However, when times get tough, can I sell my life insurance policy? I have heard that you can! If you no longer want or need it, you can sell it.

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Can I Sell My Life Insurance Policy?

Can I Sell My Life Insurance Policy?

This is something I am new to hearing about, so I had to do my research, but it is comforting to know I can sell my life insurance policy if I need to. Selling your life insurance policy is better known as a life settlement.

You, the life insurance policyholder, transfers ownership to your policy to a life insurance policy buyer. After you sell your policy, you are no longer responsible for the premiums. You receive your payout and the life settlement provider (buyer) is now responsible for all the expenses related to your policy that you sold them. Seems easy enough, right?

Can I Sell My Life Insurance Policy?

At Mason Finance, you can easily get an instant estimate of what your policy is worth (usually less than 60 seconds!). That way you know what you will be getting! Then you will be matched with a policy buyer very quickly. This helps to create a smooth selling experience. 

The whole process sounds like it would be quick and painless. So, if you were thinking about selling your policy, you can sell it. You just have to do your own research. I would definitely start with Mason Finance, to help you get started! Selling your policy is easier than you thought!

Do you have life insurance? 

 

About Kim Delatorre

Kim Delatorre is a mommy to three beautiful, smart kids and wife to an amazing husband of 24 years! She enjoys reading, writing, spending time with her family, and blogging.

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About Kim

My name is Kim and I have three busy kids. I am married to my middle school sweetheart and we live in Idaho. You can easily contact me on my Contact Me Page!

Email: [email protected]

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