Wednesday, May 03, 2006

I can't sell my insurance policy

I read a very interseting post by Flexo about selling your life insurance policies. I had heard of structured settlements before but never connected one and one together.

On a whim I called Peachtree Life Settlements and discussed the possibility with them. Unfortunately it's a no go for the following reasons:
  1. I am too young, their minimum age is 65
  2. They would have to wait about 50 years to collect on me

For those who qualify, they do purchase just about any type of policy: term, whole life, variable, universal, etc....

I have a friend with friends in the structured settlements business and will see if an alternative exists. However, I'm doubtful.

Have a wonderful day.



No comments: