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How to Sell Your Life Insurance Policy for $121,500 Instead of $0!
Posted: July 11, 2022 by John Welcom
Janet owned a 20-year term life insurance policy that was expiring within a year. Unfortunately, she could not afford to convert the coverage to a permanent policy. So, just like most term life insurance consumers, she was about to let her term policy lapse and receive $0!
RECEIVE A CASH PAYMENT FOR YOUR LIFE INSURANCE POLICY
Janet owned a 20-year term life insurance policy that was expiring within a year. Unfortunately, she could not afford to convert the coverage to a permanent policy. So, just like most term life insurance consumers, she was about to let her term policy lapse and receive $0! Thankfully, Janet learned about the option to sell her policy and contacted Welcome Funds. And she is sure glad she did! Janet received $121,500…instead of $0! Just like a home or car, a life insurance policy may be a valuable asset that can be sold for cash in a regulated secondary market. With a cash settlement from Welcome Funds, Janet now has some relief from the financial stress of mounting medical bills.
|
Policy's Insured |
Female | Age 68 |
|
Health Status |
Poor |
|
Policy Type |
Term Life |
|
Face Amount |
$450,000 |
|
Annual Premium |
$28,820 |
|
Surrender Value |
$0 |
Life Settlement Payout.... $121,500
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