 Insurance question? I need help? |
| Alright, I went to the doctors the other day, and I got on birth control (im 19) and I am still on my parents insurance. So i want to pay for the birth control out of pocket so that it dosent show up ... |
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 What is a good auto insurance company to apply to for coverage online? |
| very basic individual policy in Florida,with 2nd driver not in household.Both ... |
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 My family has health insurance in Connecticut and I am thinking of switching insurance companies. My son has? |
| mild Hemophelia, my dauhgter had cancer when she was younger and gets a yearly check-up for it. Can We be denied coverage for these pre-existing conditions if we attempt to change insurers?... |
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 Is it legal for my employer to make me take an individual health insurance policy instead of company policy? |
| they want me to pay for my own health insurance and them reimburse me for it. Because they said it is cheaper. Can they do that legally?... |
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 I need a national insurance number? |
| im from czech republic where can i get a n.i. number from?... |
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 Cant let it go, should I sue? |
| My wedding day was on 9/27/08. I designed and set up the church and reception the exact way I had it in my mind since our engagement. The men, the colors , the dresses, flowers, my hair and ... |
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 Should I own my own life insurance policy? |
| Right now, my husband has insured my life and I've insured his, thinking this would eliminate any insurance getting tied up in escrow. Is it the best way, or should I actually be the one ... |
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 In order to qualify for the CHIP health insurance program do my kids need social sec numbers? We have just? |
arrived in the US from the Philippines. My husband works, but at the moment he cannot afford health insurance for us.
Additional Details
I am a citizen paying my due amount in taxes, so I... |
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 My mortgage provider is telling me he legally has to advise me on insurance is this true? |
| I am currently going through the re-mortgage process, my advisor told me he legally has to meet up with me and advise me on buildings and contents and life insurance as per FSA guidelines. I work for ... |
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 Will insurance Co. pay for new roof if they can't match the shingles? |
Area of shingles damaged and can't be matched. Will the Insurance company pay for new roof? The area is about 5" X 3" and on the front slope of the house.
Additional Details... |
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 How do I say no to relative trying to sell me insurance? |
| Relative is trying to sell me insurance and I'm not interested. I want to tell him no without feelings getting hurt. Any suggestions?... |
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 I need to get quotes a commericial business? |
I want to start my own business hiring guys to do demolition, construction and stuff of that nature. Where could I get state farm insurance quotes?
I need also workers comp.
could some one ... |
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 A friend got ran over? |
| at a store my friend got ran over and the person that5 ran over her foot was parked at a no parkin zone at lowes grocery store is lowes responsible and negligent for not stopping people from parking ... |
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| Where is the best place for life insurance? My dad got turned down..AGAIN! help!? |
| we've tried globe & farmers .. turned down on both! the questions he had a to answer werent faulty , i dont understand... does anyone know of a place that WON'T turn him down?... |
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 Whole life insurance question? |
| Hey all....well I'm studying for my life insurance agent exam and I have a question. Well, if a person takes out a whole life policy, then when they die their beneficiaries won't receive ... |
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 Health Insurance question? |
| My father has hepatitis B, and the medicine costs alot of money which we cannot afford. So he was denied from medicaid and I was wondering if anybody know any health insurance out there who can pay ... |
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 Claiming on house contents insurance? |
Hi all,
I'm hoping someone can help me out here. I have lost a piece of expensive jewellery that was handed to me around a year ago. I am wondering if I can claim for this on my house ... |
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mossimo5 | Can I sell my life insurance policy? |
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Financial JUSTICE
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You can basically sell anything. Should you sell it? I don't recommend it since it does have personal information in there. A copy of your life insurance application is located in the back of the policy and I don't think you want someone to see that. |
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car253
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The answer depends on a number of things. To start with what kind of policy is it? And, why do you want to sell it? Is there cash value in the policy?
You can transfer the ownership to someone else or change the beneficiary. You need to post more details to get a better answer. |
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Michael M
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I'm surprised that so many people answered "no" given that there is a whole industry established to buy and sell life insurance policies.
There is a secondary market where life insurance policies are bought and sold. You will need to find a life settlement company or life settlement broker. You may be able to sell your policy for more than the cash value, but less than the death benefit. The life settlement company will buy the policy from you and then make the premiums and collect the benefit when you die.
The older you are, the worse your health, or the higher the face amount the more you will get for your policy. |
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Insurance Pickle.com
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Yes, you absolutely can sell a life insurance policy, but whether it's worth something is a different story. It has ABSOLUTELY NOTHING to do with changing the beneficiary and I don't get where it'd be worth half the cash value. It's going to be worth at least the cash value because they can cash it in and get the cash (unless you have a problem with math).
For it to be worth more than the cash value you'll need to be terminally ill or really old otherwise nobody would want it.
So, coming full circle yes you can change the owner of your policy, but it's doubtful anybody would want your policy. |
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Emma F
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No. A life insurance is to insure your life. It is not transferable to another person. |
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Ed Atun
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Yes. You don't actually sell the policy. You just name a new beneficiary, so that they get the money if you die.
There was a brisk business in this when AIDS was considered a death sentence. People with no money for medical care would sell their insurance benefits in exchange for cash today. A $10,000 policy would sell for $4,000 cash.. |
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mbrcatz
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If you name a new beneficiary today, you can change it tomorrow - so you'd ALSO have to transfer ownership of the policy to the new person.
That means, THEY would need to start paying on it.
It's probably worth, about half the CASH VALUE. Not the payout amount. See, for that payout amount to pay out, they have to keep paying in until you're 100 - not a very good return on THEIR investment. |
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src50
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no. |
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