In terms of consumer value, selling your insurance policy provides seniors and the critically ill with a sensible solution for a policy they no longer need or can no longer afford. Rather than allowing it to lapse or surrendering the cash surrender value, selling your policy offers another safe, viable alternative. There are a plethora of motivating factors that encourage seniors to get rid of their policies.
The top three reasons are:
- Funds are needed to pay for medical care or some other expense.
- The premiums are no longer affordable.
- Your lifestyle needs have changed and the policy is no longer needed.