Selling my Term Life Insurance

Zofo1000

Im looking to sell my Term Life Insurance but its a mine field and most of the search engines are from the US.  Ive been looking for hours now without any joy.  Can someone please advise.
P.S. I have no dependents, Policy is for 22 years and started 2011.
Any advise or direction would be appreciated.

marcia_

Zofo1000 said:

Im looking to sell my Term Life Insurance but its a mine field and most of the search engines are from the US.  Ive been looking for hours now without any joy.  Can someone please advise.
P.S. I have no dependents, Policy is for 22 years and started 2011.
Any advise or direction would be appreciated.

 How on earth can you sell your life insurance and who would want to buy it? 

DullGreyGuy

Even in the US you are mainly talking about people with Whole of Life cover not Term, if it is Term then its for someone already with notable illness. Looking at one of the biggest brokers there they applied a $0 value to my $500,000 Term insurance which runs out when I'm 65.

DullGreyGuy

marcia_ said:

Zofo1000 said:

Im looking to sell my Term Life Insurance but its a mine field and most of the search engines are from the US.  Ive been looking for hours now without any joy.  Can someone please advise.
P.S. I have no dependents, Policy is for 22 years and started 2011.
Any advise or direction would be appreciated.

 How on earth can you sell your life insurance and who would want to buy it? 

In principle if its a Whole of Life cover its not a matter of IF it will payout but WHEN and so if you take the sum insured, take off any premiums due then potentially there is something there. 

One of the big US brokers gave an example of a US CEO who retired at 75 and was given a golden handshake inc a life insurance policy that'd payout $11m on their death. With no premiums to pay they sold the future $11m for a today $2.5m 

marcia_

DullGreyGuy said:

marcia_ said:

Zofo1000 said:

Im looking to sell my Term Life Insurance but its a mine field and most of the search engines are from the US.  Ive been looking for hours now without any joy.  Can someone please advise.
P.S. I have no dependents, Policy is for 22 years and started 2011.
Any advise or direction would be appreciated.

 How on earth can you sell your life insurance and who would want to buy it? 

In principle if its a Whole of Life cover its not a matter of IF it will payout but WHEN and so if you take the sum insured, take off any premiums due then potentially there is something there. 

One of the big US brokers gave an example of a US CEO who retired at 75 and was given a golden handshake inc a life insurance policy that'd payout $11m on their death. With no premiums to pay they sold the future $11m for a today $2.5m 

Thank you that makes sense now