It’s not uncommon for a policyholder to decide to work with a life settlement provider in order to receive much-needed cash. The sale of a life insurance policy occurs between a policyholder and a life settlement company.
A life settlement is given when an individual sells their life insurance policy for cash. They can then use the cash to fund items such as retirement, living expenses, or medical bills. A life settlement is a viable option for policyholders who wish to benefit from their policy’s funds now instead of later.
Sell My Life Insurance Policy streamlines the process by connecting you with life settlement companies that are ready to make an offer for your policy. While individuals don’t often receive face value for their policy, the cash offer they receive is a fair price. The life settlement market is steadily growing because more and more people, particularly seniors and terminally-ill individuals, are reaching out to buyers to utilize the money they can receive from selling their policies now.