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How To Sell Your Life Insurance Policy

Watch more Understanding Insurance videos: http://www.howcast.com/guides/36-Understanding-Insurance Subscribe to Howcast's YouTube Channel - http://howc.st/uLaHRS Sell your life insurance policy swiftly using these helpful hints. Howcast uploads the highest quality how-to videos daily! Be sure to check out our playlists for guides that interest you: http://howc.st/ytmainplaylists Subscribe to Howcast's other YouTube Channels: Howcast Health Channel - http://howc.st/HOE3aY Howcast Video Games Channel - http://howc.st/tYKKrk Howcast Tech Channel - http://howc.st/rx9FwR Howcast Food Channel - http://howc.st/umBoJX Howcast Arts & Recreation Channel - http://howc.st/vmB86i Howcast Sports & Fitness Channel - http://howc.st/vKjUjm Howcast Personal Care & Style Channel - http://howc.st/vbbNt3 Howcast empowers people with engaging, useful how-to information wherever, whenever they need to know how. Emphasizing high-quality instructional videos, Howcast brings you experts who provide accurate information in easy-to-follow tutorials on everything from makeup, hairstyling, nail art design, and soccer to parkour, skateboarding, dancing, kissing, and much, much more. Step 1: Find a broker Find a settlement company or broker that you would like to do business with. Ask friends and family for recommendations. Tip Your eligibility for Medicare and Medicaid may be affected by the income made from the sale of your policy. Step 2: Fill out paperwork Fill out an application, policy information release, and a medical information release. Step 3: Accept offer Accept an offer and wait for a purchase contract from the settlement company. Step 4: Complete change of ownership Complete the change of ownership and change of beneficiary forms. Send the forms by certified mail to the insurance company. Step 5: Receive funds Receive your funds through wire transfer from an escrow account to your personal account. Did You Know? Did you know? It is believed that Lloyd's of London, known for insuring celebrity body parts, started as a coffee house and marine insurance company in 1688.
Length: 01:11

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