answersLogoWhite

0


Best Answer

The pro is that you will get money for a term policy which has no cash value, or any value for that matter unless you die, or if a whole life policy, you will get more money that if you surrendered it. The down side is if you need a death benefit, you will no longer have it. I can help you evaluate your options and seek out offers. 4LifeGuild

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Pros and cons of selling life insurance policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Are there any pros and cons on Selling Drugs?

Avoid it


What are the pros and cons of Senior Settlements?

The pros of Senior Settlements are, that seniors participated in the settlement, will benefit from the following: sell life insurance to a third party for payment, or have been diagnosed with a terminal condition and want/need money before they die. The cons are the senior will lose the policy once it is sold, and the senior payment will go to the third party that buys the policy and not to the heirs.


The pros and cons of physiocrats?

pros and cons of physiocrats


What are the pros and cons of a VUL policy?

VUL is a security product and therefor regulated under the SEC. The Cons are, you can lose your cash value, and there are generally higher fees or charges involved. The Pros are you can maybe gain more cash than you can in a standard UL or WL product. Here is a question for you...Are you buying insurance as an investment or as insurance protection? The answer might help you make a decision. 4lifeguild


Pros and cons of jury selection?

what were the pros and cons for the nulification


What are the pros and cons of travel medical insurance?

One of the pros of travel medical insurance is if something happens on vacation, you know you are covered. Some of the cons of it are you normally won't use it so it is a waste of money, and usually your regular insurance will cover any injury occured while traveling.


What is pros and cons of the Oregon Trail?

pros an cons of the Oregon trail


What are the pros and cons of evidence based policing?

pros are + and cons are-


What are the pros and cons of monarchy?

pros: goodness cons: badness


What is the pros and cons of tax free life insurance?

Life insurance benefits are generally tax free to the beneficiary. PRO is obvious.


List pros and cons of video games?

PROS CONS ----------------------------------------------------- Pros: Entertaining Cons: Mental conditions can be caused, Adicition, Expensive.


Pros and cons of pornography?

Cons? What Cons?