Selling Your Life Insurance

Many people opt to sell their life insurance policy to a life settlement company for more than its cash value. Find out if it's right for you on the insurance blog now.

Selling your life insurance policy to a life settlement company can bring extra income today. A new trend in life insurance policies allows "life settlement" companies to settle up your life insurance policy sooner than later. Most life settlement companies require a minimum age of 60-65, and a current life insurance policy in force more than two years and with a minimum value of $50,000. A broker can rep your policy to life settlement companies on your behalf, so you can pick and choose from the offers that end up on the table.

Do you have life insurance in place for your employees? It's a benefit not to be overlooked. Check out top reasons for providing life insurance and disability coverage for your business, and then let me know if you've decided to take the plunge.

Source: St. Petersburg Times

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