What’s Reverse Life Insurance?

What’s Reverse Life Insurance?

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What is Reverse Life Insurance?

Can I sell my life insurance Most people associate life insurance policies with death benefits, but they can also serve as financial resources during the policyholder's lifetime. For example, life insurance policies can be leveraged to cover expenses like medical bills or debt while the policyholder is alive.



Moreover, selling your life insurance policy is a lesser-known but increasingly popular option. The term ‘reverse life insurance’ simply refers to the act of turning a policy into instant cash. For those needing a sudden influx of funds, this option could be both viable and lucrative.

Reverse Life Insurance Explained: How Does It Work?

viatical settlement The terms ‘Reverse Life Insurance’ and ‘Life Settlements’ are often used interchangeably, leading to confusion. Both involve converting death benefits into immediate cash value, but they are not identical.

Reverse Life Insurance broadly encompasses options for turning life insurance policies into liquid assets. Life Settlements, on the other hand, refer specifically to the sale of a policy to a third party for more than its cash surrender value.

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