Life insurance policies are designed to provide financial security for your beneficiaries after your death. However, circumstances can change, and there may be a time when you no longer need or want your policy. In such cases, life settlements can be an alternative to surrendering your policy for its cash value or letting it lapse.
If you’re considering selling a life insurance policy you no longer want, it’s important to understand your existing policy, your options, and the role of a life settlement broker.