How Much Is My Life Insurance Policy Worth?
If you own a life insurance policy, you may have more value than you realize. Many policyholders assume their only choices are to keep paying premiums, surrender the policy for a modest amount, or let it lapse. In some cases, there may be another option: selling the policy for cash through a life settlement. Depending on the policy and the insured, a policy that might otherwise be surrendered or lapse could have meaningful market value.
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