How To Sell Your Life Insurance Policy at Life

How To Sell Your Life Insurance Policy. You will likely be required to provide insurance policy documents and your medical records to the potential buyer (settlement provider). You will lose the insurance coverage once the policy is transferred.

To sell a life insurance policy to a third party, you must first contact a licensed life settlement company. Can you sell your life insurance policy? You get paid a higher value than surrendering your insurance policy.

How Your Insurance Policy's Participating Fund Affects

Brokers will want information on. Selling your policy generally consists of these three steps: “yes!” but in the majority of canadian provinces, there are laws in place that. Selling a life insurance policy is called a life settlement, sometimes known as a viatical settlement.