Best Life Insurance Policies to Sell
High Death Benefit Permanent Policies
- Target Audience: Clients prioritizing substantial benefits for beneficiaries.
- Advantages: Ensures large financial support; can handle significant expenses like debts and estate taxes.
- Consideration: Typically involves higher premiums.
Permanent Policies with Large Cash Value
- Target Audience: Clients looking for a return on investment (ROI) and a savings component.
- Advantages: Builds cash value over time; can be used as collateral for loans or withdrawn if needed.
- Consideration: Can have higher premiums; the focus is more on cash accumulation than the death benefit.
Convertible Term Policies with High Death Benefit
- Target Audience: Those seeking affordable coverage now with an option to convert to permanent coverage later.
- Advantages: Lower initial cost; flexibility to convert to a permanent policy with a higher death benefit or cash value.
- Consideration: Term coverage is temporary; premiums can increase upon conversion.
Factors Influencing Policy Saleability
- Policyholder’s Age and Health: Policies of older or less healthy individuals can be more attractive to buyers looking for a quicker ROI.
- Policy Type and Features: Policies offering a combination of high death benefits, cash value accumulation, and conversion options are often more marketable.
- Network of Policy Buyers: Access to a vast network of interested buyers.
- Competitive Bidding: Ensures you receive the highest possible price for your policy.
Choosing the right life insurance policy to sell depends on the specific needs and goals of the policyholder. Whether it’s a permanent policy with a high death benefit, one with substantial cash value, or a convertible term policy, each has unique features that cater to different objectives. Understanding these nuances can help in making an informed decision.
Contact us today if you are looking to sell your policy.
Request A Quote
Get help or a quote from a licensed financial professional. This service is free of charge.