Comments on: Sell Your Life Insurance Policy

By: » Best of 2006, January Through June on Consumerism Commentary: A Personal Finance Blog

Mon, 14 Aug 2006 04:41:46 +0000

[...] Investing, Insurance and Growing Money Stocks are for Suckers? Quick Guide to Asset Allocation Roth 401(k) Not for Everyone Stupid Investment of the Week: Teach Me to Trade The Future Is Grim: Ben Stein Historically Inaccurate Numbers Benefits of Dividends How Liz Pulliam Weston Become a Millionaire Trading Stocks? Do It Like a Vulcan! Sell Your Life Insurance Policy Does This Number Impress You Millionaires Investing in Cash but Watch Stocks [...]

By: Dee

Dee — Wed, 24 May 2006 14:08:04 +0000

Flexo is absolutely right these deals are a good for the consumer and investor but a really bad for the life insurance companies. They set their pricing based on the assumption of policy lapses. If these deals continue to happen I wonder what’s going to happen to prices? Could we see an increase? If I was approached for one of these deals I would run the other way. I wouldn’t want a stranger owning a policy on my life because I’d be worth more to them if I was dead. Doesn’t that give you the creeps? The industry is so unregulated right now that anyone can be an “investor”.

By: » Last Week’s Highlights on Blueprint for Financial Prosperity

Mon, 08 May 2006 01:11:47 +0000

[...] Flexo discusses the options you have if you no longer want your life insurance policy but want to get something for it, consider selling your life insurance policy to a third party investor. [...]

By: jim

jim — Wed, 03 May 2006 11:32:27 +0000

You can name a beneficiary and so when you “sell” it, you set the beneficiary as the party you’ve sold it to. They can’t stop you from renaming the beneficiary.

By: Easy E

Easy E — Tue, 02 May 2006 14:25:19 +0000

Couldn’t insurance companies create policies that can not be sold. That would solve the entire problem.