By: Cory Young
Have you ever thought about selling your life insurance policy? Life insurance policies can be deemed an asset, but usually there is no specific monetary value attached to the policy. Lately, the question, “Can I sell my life insurance?” has been common among seniors looking to leverage their insurance policies for financial gain.
Selling your life insurance policy is a great way to pay for long-term care when compared to accepting the cash surrender value of the policy after terminating it. You’ll no longer need to pay the monthly premiums on the policy, and the influx of cash to pay for senior care will help keep you financially stable.
While paying for senior care is one of the major benefits of selling your life insurance policy, Mason Finance has developed an engaging infographic outlining some additional benefits and statistics to help you in this process.