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Some term life policies may be sold, especially if they can still be converted to permanent coverage.
A convertible term policy may have value if the insured is older or has had health changes. Buyers look at the conversion deadline, premium cost, death benefit, carrier, and medical history.
The key is timing. Once the conversion option expires, the opportunity may be gone.
If you are thinking about dropping a term policy, check it first.
Policy-Cash.com can help review whether your term policy may qualify.
Saul L. Appel, CLU®, ChFC® | President, Appel Financial, Inc. | 50+ years experience