Selling Whole Life Policies
Whole life insurance is a policy that is permanent insurance while the policy is in effect. Selling or transferring this type of insurance to another buyer is a growing market.
This means that unlike Term Insurance, it does not carry a term where the policy expires. Whole life insures the person for their entire life or 100 years - whichever occurs first.
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Premium Cost
One of the primary reason people look to sell or transfer their whole life insurance is the premium has grown to an expensive cost that is either unaffordable or simply not worth the cost given the benefit and situation the insured is in right now.
Since these type of life policies are permanent forms of insurance (pays until age 100 or death), the premiums are higher than term insurance.
Age and Death Benefit
Our buyer companies are normally looking for people age 55 years old and higher with the face amount of the insurance policy greater than $250,000. This creates a better market and a better cash settlement offer to the seller of the contract and policy.
Use the contact us link to submit your inquiry regarding selling or transferring your whole life policy for a cash settlement.
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