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Oleg Eydelman - Senior Life Settlement Broker - Life …
WebHere are some factors to consider when deciding at what point life insurance should be discontinued: Age: As you get older, the need for life insurance may decrease. If you have already paid off your mortgage and your children are financially independent, you may not need as much coverage as you did when you were younger. Health: If you have a ... WebMar 27, 2024 · A life insurance policy is an asset that can be sold through a process known as a life settlement.Selling a life insurance policy is a legal right granted to you by the Supreme Court following the 1911 case Grigsby v Russell.If you have a life insurance policy you no longer want or need, you may be able to get up to 60% of the death benefit by … WebJul 14, 2024 · The simple rule for selling your life insurance is that you need to be over 70. Nevertheless, you can sell your insurance policy if you’re younger and this is known as a viatical life settlement. The condition for this is if you are now facing a terminal illness that is therefore impacting your life expectancy. gaming setup with led