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
Basically you can sell your life insurance policy to a life settlement company in exchange for a lump sum payment.
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.
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.
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.
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.
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.
To sell variable life insurance policy polices, agent must recieved
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.
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.
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.