What’s Reverse Life Insurance?
viatical settlement broker Life insurance policies, commonly viewed as a safety net for beneficiaries after the policyholder’s passing, offer more than meets the eye. These policies can act as a financial cushion, covering costs such as medical or debt-related expenses.
The ability to sell a life insurance policy is a rising trend that many are unaware of. The term ‘reverse life insurance’ simply refers to the act of turning a policy into instant cash. Converting a policy to cash can be an ideal choice for those requiring immediate financial assistance.
What is Reverse Life Insurance? How Does it Work?
life settlement The terms ‘Reverse Life Insurance’ and ‘Life Settlements’ are often used interchangeably, leading to confusion. While both entail exchanging death benefits for cash, they differ in scope.
Reverse Life Insurance is an umbrella term covering multiple ways to monetize a life insurance policy. In Life Settlements, the policyholder sells their policy for more than the surrender value but less than the full death benefit.
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