Can You Sell Your Life Insurance Policy?
You can sell your life insurance policy for a cash payout. However, your beneficiaries will no longer get the death benefit if you pass away.
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About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
sources
- Financial Industry Regulatory Authority. "Seniors Beware: What You Should Know About Life Settlements." Accessed November 13, 2022.