Why Sell Your Policy?

Typically, policyholders sell their life insurance for one or more of the following reasons:

Your Policy No Longer Reflects Your Needs
It may be cliché, but it’s an enduring truth that everything changes. And, no matter what was happening in your life when you purchased your life insurance policy, it’s likely your situation is now different. For example, many people with grown children who have made their way in the world no longer see the need to maintain a life insurance benefit for those children.

You Don’t Want to Keep Making Premium Payments
Month after month, year after year, premium payments can become a burden. When there are other options available, it can be frustrating to continually pay toward a policy that you could potentially sell instead. Selling your life insurance policy can end these payments immediately.

You Want to Keep Some Life Insurance But Get Rid of All the Payments
Depending on your specific situation, you may be able to keep a portion of your life insurance policy, while selling off enough to eliminate premium payments. Speaking with a knowledgeable representative will help determine whether this option is available to you.

You Have Medical or Long-Term Care Expenses
Most of us will face a time when life situations bump up against financial realities. If you find yourself in a situation in which you have high medical costs and/or expenses for long-term care, selling your policy can be a viable (and welcome) source of capital.