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Life Settlements: How Selling a Life Insurance Policy Works
You can sometimes sell a life insurance policy for more than its cash surrender value. Here is how it works and what you give up.
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Life Insurance Settlements
If you own a life insurance policy you no longer need or can't keep paying for, you may have more choices than letting it lapse. These guides explain how settlements work and what to consider first.
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Life Insurance You Can't Afford: Your Options Besides Lapsing
Letting a policy lapse should be the last resort, not the first. Here are the options for a policy you can't afford or no longer need.
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Life Settlement Taxes: How Proceeds Are Taxed
Part of the money may be tax-free, part taxed as ordinary income, and part taxed as capital gain. Here is the basic math.
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Selling a Life Insurance Policy: Brokers, Providers and Fees
Who you sell through changes how many offers you see and how much you keep. Here is what to ask and what to watch for.
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These guides are for general information only and aren't financial, legal or tax advice. We may be compensated by companies featured on this site. See our advertiser disclosure.