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SElling Life Insurancce Policies
mumibear36
Posts: 1 Newbie
Does anyone know if you can sell Whole of Life Insurance Policies. I have a couple worth a substantial amount when I die. They do have terminal illness but not critical. I have been diagnosed with cancer in breast & lymph nodes. If I could sell these policies I could perhaps pay off my mortgage & stop working. I know you can sell Endowments but can't find anything about normal Whole of Life.
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Comments
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This is a link to what are known as "viatical" settlements - it describes them in very general terms, and you can google "viatical settlements" and find more links.
http://en.wikipedia.org/wiki/Viatical_settlement
But - and I stress this - do not proceed with anything along these lines without personal independent financial and/or legal advice.
Sorry to hear of your situation - I hope this helps answer your question - but please take the greatest care in this area.If many little people, in many little places, do many little things,
they can change the face of the world.
- African proverb -0
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