Overview Are you looking for a way to cash out your life insurance policy? Perhaps you no longer need the coverage or want to free up some cash for other expenses. Whatever your reason, selling your life insurance policy can be a smart financial move. But, how do you...
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STOLI: The Illicit Practice That’s NOT a Life or Viatical Settlement
Life insurance policies can be valuable assets, but not everyone wants to keep them until they pass away. That's where life settlements and viatical settlements come in: these transactions allow policyholders to sell their policies for a lump sum payment that is...
5 Real Risks of Selling Your Life Insurance Policy: Don’t Ignore Them
The idea of selling your life insurance policy may seem daunting and even unsettling. However, it's important to understand that selling a policy is a legitimate financial option that can provide individuals with needed financial relief. Known as a life settlement,...
Conversation Guide: How to Discuss Selling Your Life Insurance Policy with Your Financial Team
If you're considering selling your life insurance policy, you're taking an important step toward maximizing the value of your retirement funds. While this decision may seem daunting at first, rest assured that with the right guidance and advice, you can make an...
How To Sell Your Life Insurance Policy: 7 Simple Steps for Seniors
Selling a life insurance policy is a big decision, and it's one that many seniors and their families may not have considered. However, by selling a policy, it's possible to unlock its value and turn it into a valuable asset that can help fund retirement, pay for...
30 Creative Ways Seniors Can Spend $100K in Proceeds: 5 Ideas Standout
If you are a senior who has recently received a life settlement or considering one, then you might be wondering what to do with the proceeds. A life settlement is a financial transaction where you sell your life insurance policy to a third party in exchange for a lump...
The Shocking $200B Loss for U.S. Seniors in Life Insurance: How to Recoup Your Money
Did you know that U.S. seniors are losing over $200 billion in life insurance every year? That's more than double the size of the global ice cream market! Life insurance can be a senior's biggest asset, but often they get little in return. As financial advisors often...