DISQUS

Consumerism Commentary: Sell Your Life Insurance Policy

  • Easy E · 3 years ago
    Couldn't insurance companies create policies that can not be sold. That would solve the entire problem.
  • jim · 3 years ago
    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.
  • Dee · 3 years ago
    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".