Sell A Life Insurance Policy

Just as it is important to remain informed on the value of your home and investment portfolio, it is equally important to obtain annual life insurance policy appraisals. Although it may seem like a new concept, as a senior, the value of your policy on the secondary market for life insurance is generally increasing each year!

For many seniors, the current value of their insurance policy because of the senior life settlement option may be much larger than the current Cash Surrender Value (CSV) of the policy should they decide to sell it. If you have a term policy and intend on allowing it to lapse, hold on to the policy and do not allow it to lapse until you determine its value! Since a term policy has no surrender value, or cash surrender value (CSV) that is paid by the insurance company, you may be able to sell a life insurance policy for cash or a term policy for a lump sum of cash. This can yield a great financial benefit over allowing your policy to lapse, which will not result in any money in your pocket.

If you are a senior and have a life insurance policy that you would like to have appraised please click here. The appraisal of your insurance policy will only require a few minutes and will be generated by answering a few basic questions about your policy, age and health. The insurance appraisal will not require you to enter personal information. To begin your life insurance appraisal now click here.

It is important to obtain an annual appraisal on your life insurance to ensure that you remain aware of your estate's value. Similar to appraising the value of your other assets, like your home and investment portfolio, seniors should have an appraisal completed on the asset of their life insurance. Although some life settlement agents or life settlement providers may have a cost for this service, InsuranceAppraisal.com offers this service to you at no cost.

As with any appraisal, it is only an estimate and the true fair market value can only be determined when all willing buyers compete for you policy in a fair open market.

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