Selling Your Life Insurance Policy for Cash - Coventry Direct
There are two primary ways to sell your policy, and the distinction significantly impacts your final payout: companies that buy life insurance policies
Selling your life insurance policy to a third party is known as a . This process typically yields a lump sum that is higher than the policy's cash surrender value but lower than its total death benefit. 1. Types of Companies Involved Selling Your Life Insurance Policy for Cash -