4 Tips to Sell Your Life Insurance Policy

4 Tips To Sell Your Life Insurance Policy Selling your life insurance policy, also known as a viatical settlement, can give you the cash you need to take care of expenses. Check out this reference guide to learn about four tips when selling your life insurance policy! 1 Understand Your Policy Time to read the fine print listed in your life insurance policy before you sell it. Be sure to fully read any regulations or restrictions it may have because certain state laws may affect the selling process. 2 Communicate With An Expert Consulting with an expert about your policy can help you find out other aspects about selling it such as tax ramifications, fair market pricing and other components to make sure you are not being taken advantage of. 3 Know Your Eligibility Selling your life insurance policy involves some eligibility requirements like a diagnosis of a terminal illness or life-limiting health conditions. Manage Your Debt Try to eliminate your debt before you opt for the cash payout from your life insurance policy. You may initially need the funds to cover medial costs and day-to-day living expenses, so lessening or eliminating your debt now can allow you to use the funds for their original purpose. 24 Did You Know? If you receive a cash payout for your life insurance policy, you can use those funds to pay for bills such as your mortgage, car and other daily living expenses. Viatical settlements are the better option for financial assistance rather than a reverse mortgage. AFC Asset Funding Corporation 800.542.5913 SellYourInsurance.com