How to Sell Your Life Insurance Policy

Ovid Blog - Beach Couple

 

While purchasing a large life insurance policy in your 30’s was probably a wise move (especially if you were supporting a growing family) that big policy may not be such a great deal after the kids move out. You may no longer need assurances that the death benefit bestowed upon your family by your insurance company will be large enough to securely launch your children into adulthood. Maybe your nest egg isn’t as large or secure as you’d like, and adding a sizeable lump sum would allow you to more easily afford rising health care costs and travel more frequently. Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail
 

What is a Life Insurance Buyout?

sell-your-life-insurance-01

 

A life insurance buyout is another term for a life settlement, which is fancy talk for the process of selling your life insurance to a third-party investor. It’s a simple transaction that gives your an upfront cash payout in exchange for the death benefit at a future date. This could be a good option if you have a life insurance policy which you no longer want, need or can afford. This article summarizes the important things you need to know about a life insurance buyout.

Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail
 

When Should Seniors Consider a Life Settlement?

 

704369

 

Are you a senior considering a life settlement? It could be a great financial option for you and your family depending on the scenario. 

Whether or not you should consider a life settlement depends on your personal financial situation, goals, and needs. In general, a policyholder may consider selling their policy because their current financial situation does not warrant the need for a policy any longer. Below are some of the most common reasons why policyholders may abandon their policy.

Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail
 

The Guide to Reverse Life Insurance

asset-1

 

Reverse life insurance is the process of selling your life insurance to an investor for an upfront settlement. With the growing popularity of these insurance transactions, Ovid put together this quick and nifty reverse life insurance guide. Most people don’t realize they have this important hidden asset and that they can sell their life insurance just like their house or their car. Start with this article to figure out if it makes sense for you to get paid for your life insurance. If you’re looking for more information then, read this life settlement guide.

Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail
 

Can I Sell My Life Insurance Policy For Cash?


One of the questions people frequently ask us is “can I sell my life insurance policy for cash?” The short answer is maybe.

Only certain people can qualify to sell their policies and there may be other options to consider, but it’s definitely an option worth exploring for many. Many people find that their old life insurance no longer serves the original purpose they bought it for. So for some people, it makes sense to sell the policy for money instead of continuing to pay the annual premiums.

Read more

Facebooktwittergoogle_plusredditpinterestlinkedinmail