answersLogoWhite

0


Best Answer

No, because Term Life insurance policy has NO cash value.

User Avatar

Wiki User

โˆ™ 2016-08-05 04:53:58
This answer is:
User Avatar
Study guides

A defined contribution plan is part of which employee benefit

Which of these is an element of limited payment life insurance

What is the best description of a defined contribution plan

Which technology tool allows people to download a television show to watch at a later time

โžก๏ธ
See all cards
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
No Reviews

Add your answer:

Earn +20 pts
Q: Can i take out a term life insurance policy then quickly sell it?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can an advocate sell insurance policy?

Yes They can Sell the insurance Policies both of the Life and Non-Life.


Can you sell a 20 year term life insurance policy which has no cash value?

Can you sell a 20 year term life insurance policy which has no cash value


How do I cash in a life insurance policy where I am the beneficiary?

Basically you can sell your life insurance policy to a life settlement company in exchange for a lump sum payment.


How can one sell their life insurance policy?

One can sell their life insurance policy and this is called Viatical Settlement. An insurance company sells insurance policy to a person. This person (viator) sells his policy to another person (viatical settlement provider). When the first person dies, the second person will benefit and cash in the money.


What is a policy assignment in a life insurance policy?

A policy assignment provision in a life insurance contract is one that permits the owner of the policy to sell, give or to pledge the policy as collateral. It is a common, but not universal, provision in modern policies.


What age can you sell your life insurance policy?

In general, the age of majority in your state will dictate when you are of legal age to buy a life insurance policy on your own. Again in general, you would need to be the same age to sell it.


If you let a life insurance policy lapse and then later have it reinsted how long do you have to wait before you can sell that life insurance policy?

What do you mean "Sell" the life insurance policy? Once it is back in force and you are the owner, you can cash it in at any time if there is in fact a cash value. I guess you would have to better define what you mean by selling it.


What is Absolute Assignment of Life Insurance Policy?

Absolute assignment of a life insurance policy should be explained the the Assignment Clause of your life insurance contract. This is a feature in a life insurance policy allowing a policyowner to freely assign (give, or sell) a policy to another, or institution. The fact that life insurance is freely assignable makes it a useful financial instrument through which to secure a loan.


What is an agent fiduciary capacity?

To sell variable life insurance policy polices, agent must recieved


Can a bank sell a term life insurance policy that has been used as collateral?

I would assume they are the assigned owners of the insurance policy, and have the greater interest in the product that was purchased, if the terms and conditions for repayment have not been met. So "YES" they would have the rights to sell the policy.


Which popular American companies will sell a life insurance policy?

Popular American companies that offer life insurance policies are MetLife, Allstate, and Geico. All three of these companies also offer auto insurance and homeowner's insurance.


What does Viatical settlements mean to life insurance?

Viatical settlements, or life settlements, are done when people have a terminal illness. In such a case, the person will sell their life insurance policy to obtain ready to use cash.

People also asked