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The world of life insurance has changed. A secondary market has come of age in which investment pools are willing to purchase policies from others who are old or sick, and either don’t want the policies or can’t afford to pay the premiums anymore. Usually the policies are salable if the insured has an estimated life expectancy of 12 years or less. The seller won’t receive the full death benefit but will often get paid an amount significantly over the cash value. If it is a convertible term policy, then any amount would be sizable.

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Most people do not question the need for life insurance. Life insurance is typically purchased if you owe another person or love another person. It is really no more complicated than that.Share this post

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