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11/20/08 at 01:07:10
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Selling my policy (Read 252 times)
Hankyman
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Selling my policy
01/30/08 at 14:20:11
 
If and when I ever get a policy, I am thinking about selling the rights to it to one of those investors. Seems like a good way to make some money. Anyone ever done this?
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Roxy Girl
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Re: Selling my policy
Reply #1 - 02/04/08 at 12:03:44
 
I have never sold a policy to an investor before, but I know that there is some criteria that needs to be met before anyone would want your life insurance policy. The investor usually look to see if you have had policy for over 2 years with no pre-existing HIV conditions, have permission of the owners and beneficiaries, and have been diagnosed as terminally ill. Obviously, the sooner you are determined to pass on, the more money you'll be given in the sale. You might want to research your options before you go through with it. Life insurance policies are meant to help your family out upon your death, so make sure that they will be taken care of without that policy.
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Firefly
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Re: Selling my policy
Reply #2 - 02/04/08 at 12:10:32
 
Heck if I didn't have a family to worry about, I'd sell my policy and go on a vacation. The benefit to selling a life insurance policy is that you get to do whatever you want with that money. Even though it's instant gratification, it kinda troubles me knowing that there is someone out there who wants you dead so that they can collect your death benefit. Make sure that it is right for you before you get too hasty. My children wouldn't be too happy if I wasted away all of my funeral and income replacement money for a trip to Jamaica.
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RPatel98
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Re: Selling my policy
Reply #3 - 02/05/08 at 14:08:52
 
This is a scam, do not do this selling of your policy. Invest your money elsewhere if you are trying to make money.
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Boyd99
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Re: Selling my policy
Reply #4 - 04/14/08 at 13:22:54
 
Sounds like another scam. Hey, why don't you go out and buy some time shares while you are at it!
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