“In fiction: we find the predictable boring. In real life: we find the unpredictable terrifying.” – Mokokoma Mokhonoana
Life is unpredictable and there is no doubt about that!
One day we are doing great, the next day we are all gloomy…
One day we are best friends, the next day we are sworn enemies…
One day we are here, the next day we are gone forever…
And that’s the reason, we all need to have life insurance policies – to provide for our children, our spouses and our loved ones when we are not there to take care of them!
But that is not all!
Life insurance policies can also help their owners in times of need!
Suppose, you are in desperate need of money or you know that you won’t be able to afford the premiums anymore, selling your insurance policies can be a great solution! It can provide you with immediate money to meet your needs as well as free you from any responsibility regarding the premiums…
So, what are the common reasons for which people sell their life insurance policies?
Well, as I already mentioned, if one is not able to afford the premiums for the insurance policy, selling it is a great way to prevent the policy from lapsing.
If one has no immediate relative or a loved one who would claim the insurance in the case of their death, selling it would allow the person to use the money to fulfill his/her needs. Another big reason for selling one’s life insurance policies is the immediate, unexpected need for money which may arise due to sudden illness or unfortunate events in one’s life…
Reading this, you must be wondering how can one know if they are eligible to sell their insurance policies… Well, one of the most important factors in this regard is that the face value of the existing policy should be at least $50,000-$100,000. Age and health of the policy owner as well as the policy type also play a vital role in determining the eligibility… Mostly, the people who are above 65 years of age or have certain health conditions sell their policies successfully as they have a shorter life expectancy.
There are many companies which help a person to sell their life insurance policies… There are life insurance agents, life settlement providers and brokers… However, this traditional way of settlement may take many months and an extensive amount of paperwork along with excessive broker fees and commission… And that is when Mason Finance comes into the frame!
With Mason Finance, one can get the estimate of their policy’s worth within 60 seconds… There is full transparency and one gets all the information he or she needs about the life settlement (i.e., policy selling) process beforehand. Also, the company makes the seller’s work easy by matching them with licensed policy buyers instantly!
So, if you are planning to sell your policy, visit Mason Finance’s website to estimate your policy’s worth and to sell your life insurance with ease!