Why Sell My Life Insurance Policy?

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Are you thinking: “Why would I sell my life insurance policy?” Selling a life insurance policy provides cash to many seniors who don’t want to be a burden on their adult children. There are plenty of reasons, though, why someone would sell a policy, and here are a few of the most common.

Life insurance premiums are too expensive.

When someone asks “why am I paying still paying my life insurance premiums every month?” it’s often easier to drop a life insurance policy than continue making expensive monthly payments. Unfortunately, by dropping or surrendering a policy, you or your children won’t receive any benefit from the investment you’ve made by paying those premiums for so many years.

Life insurance is an investment and selling your policy can bring good returns — often far higher returns than the surrender value of the policy. Policy sellers often net hundreds of thousands of dollars in cash without having to continue the monthly premiums.

Financial hardships

The recession and housing crisis have left many mature Americans struggling with even the most basic household expenses. If you’ve watched your retirements savings or stock portfolio dwindle, or seen your home value shrink, you may need to more creative in funding a retirement or paying medical bills. A life settlement can get you cash in hand in less than twelve weeks – more than enough to begin enjoying retirement again.

Long-term care is necessary

Sudden health changes can mean facing huge financial in long-term health care costs. A good long-term health care facility is an expensive proposition. Selling a life insurance policy can be the easiest and most successful solution to the costs of insurance and care because you can use the proceeds from the sale in any way you wish.

Loss of a beneficiary to death or divorce.

Life insurance policies are purchased with a beneficiary in mind, but what happens when that beneficiary is a spouse who passes away or leaves because of a divorce? It’s tempting to surrender the life insurance policy, but consider the financial freedom that may come by selling the life insurance policy.

Real estate values changed

Many seniors are being encouraged to do a reverse mortgage on their homes, but that will only deplete the equity that has been built up over a lifetime. Selling a life insurance policy instead will save that equity for when the market turns around and a home can be sold for higher prices.

Changes to your business

You may have recently sold your business or retired and no longer need the corporate life insurance coverage. Rather than canceling a key man policy and surrendering it for a low cash value, sell it on the open market for up to five times the face value.

About Quantum Life Settlements

Quantum Life Settlements is a trusted leader in the life settlements industry. We will shop your policy to over 40 funding sources to present you with the highest possible offer. Finding out if you qualify for a life settlement is easy. Visit our informative life settlements website or call (888) 446-2885.

Want To Know What Your Life Insurance Policy Is Worth?

Call (888) 446-2885 or take our simple 3 question quiz to see if you qualify for a life settlement. The entire appraisal process is free and there is no obligation to sell your policy once you’ve received an offer.