9/29/2026 12:19 AM (PST)

Yes, in some cases, can I sell my term life insurance policy is a valid question because certain term policies may qualify for a life settlement. Eligibility can depend on factors such as the policy's death benefit, remaining term, premium costs, policy provisions, and the insured person's circumstances. The process usually begins with a review of the policy and relevant information. If the policy qualifies, a life settlement provider may present an offer. If accepted, ownership of the policy is transferred to the buyer in exchange for a lump-sum payment. Before selling, compare the potential settlement with keeping or surrendering the policy. It is also important to understand potential taxes, fees, and the effect on your beneficiaries.