What is Reverse Life Insurance?

What is Reverse Life Insurance?

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What’s Reverse Life Insurance?

viatical settlement broker Most people associate life insurance policies with death benefits, but they can also serve as financial resources during the policyholder's lifetime. These policies can act as a financial cushion, covering costs such as medical or debt-related expenses.



Moreover, selling your life insurance policy is a lesser-known but increasingly popular option. The term ‘reverse life insurance’ simply refers to the act of turning a policy into instant cash. For those needing a sudden influx of funds, this option could be both viable and lucrative.

Reverse Life Insurance Explained: How Does It Work?

viatical settlement calculator There’s a common misconception that ‘Reverse Life Insurance’ and ‘Life Settlements’ are the same, but they differ. Both involve converting death benefits into immediate cash value, but they are not identical.

Reverse Life Insurance is an umbrella term covering multiple ways to monetize a life insurance policy. Life Settlements, on the other hand, refer specifically to the sale of a policy to a third party for more than its cash surrender value.

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