Understanding Reverse Life Insurance

Understanding Reverse Life Insurance

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Understanding Reverse Life Insurance

viatical settlement calculator While it’s common knowledge that life insurance policies are designed to provide monetary benefits to beneficiaries after the policyholder’s death, these policies also have other versatile uses. These policies can act as a financial cushion, covering costs such as medical or debt-related expenses.



Few people know they can sell their life insurance policy, but this is becoming a more common practice. The term ‘reverse life insurance’ simply refers to the act of turning a policy into instant cash. For those needing a sudden influx of funds, this option could be both viable and lucrative.

Understanding How Reverse Life Insurance Functions

Can I sell my life insurance The terms ‘Reverse Life Insurance’ and ‘Life Settlements’ are often used interchangeably, leading to confusion. Though related, Reverse Life Insurance and Life Settlements are not synonymous.

As a broad term, Reverse Life Insurance includes various methods of converting a policy into cash. By contrast, Life Settlements focus on selling the policy for an amount between its surrender value and death benefit.

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