Why Selling A Life Insurance Policy Might Be Better Than Giving It Up

This article discusses how many people pass of the opportunity to sell an unused life insurance policy.  “Almost 88% of life insurance policies go unused or are surrendered. Jon Sabes, CEO of GWG Holdings (GWGH – Get Report) , said many consumers are simply not aware that they have the option of cashing their policies in.”  The secondary market that exists for life insurance policies is described in this article as being similar to reverse mortgages. Life insurance is a very important part of estate planning and people with life insurance policies that they know will go unused should think about how they want to get rid of the policies. People who have life insurance policies that they know will not be used should speak with their estate planner about the options that this article mentions.

See Gregg Greenberg, Sell Your Life Insurance Policy—Don’t Just Give It Up, The Street, February 2, 2016.