What is Reverse Life Insurance?

What is Reverse Life Insurance?

Blog Article

Understanding Reverse Life Insurance

Can I sell my life insurance Most people associate life insurance policies with death benefits, but they can also serve as financial resources during the policyholder's lifetime. Ensuring medical or debt-related costs are handled is just one way these policies can provide a safety net during challenging times.



Few people know they can sell their life insurance policy, but this is becoming a more common practice. Referred to as ‘reverse life insurance’ or ‘life settlements,’ this process essentially converts a policy into immediate cash value. For those needing a sudden influx of funds, this option could be both viable and lucrative.

What is Reverse Life Insurance? How Does it Work?

viatical settlement calculator ‘Reverse Life Insurance’ and ‘Life Settlements’ are terms that many confuse, though they have distinct meanings. While both entail exchanging death benefits for cash, they differ in scope.

Reverse Life Insurance broadly encompasses options for turning life insurance policies into liquid assets. By contrast, Life Settlements focus on selling the policy for an amount between its surrender value and death benefit.

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