Like many Americans, you purchased life insurance to protect your family or business. As circumstances change, however, so does your need for coverage, and considering a company to buy back your policy might be a great option. You may want to consider selling your life insurance policy if:
Consider a life settlement if your policy is no longer affordable due to increased premium payments.
Avoid a lapse and make the most of your life insurance before your term policy expires.
Use a life settlement to help cover your immediate needs and alleviate the stress of medical expenses.
Achieve peace of mind by selling your policy to boost your savings and supplement your income.
Retain a portion of your coverage and eliminate future premium payments with a Retained Death Benefit.
Life insurance is an asset that can be sold just like your home or automobile. When you sell your life insurance policy––a process known as a life settlement––you receive a lump-sum cash payment or a combination of cash and coverage with no future premium obligations. The purchaser takes over future premium obligations and receives the death benefit when the insured passes away.
A life settlement is a more lucrative option than lapsing or surrendering a life insurance policy and provides, on average, four times more than the cash surrender value.
Inside, you’ll find more information about us and the process of selling your policy.
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We’re here to help. Speak with a Policy Specialist today at 1-800-COVENTRY