Sell my term life assurance policies?

Sell my term life assurance policies?

Author
Discussion

philv

Original Poster:

4,233 posts

221 months

Friday 15th November
quotequote all
Had these term life policies for 9 years.
They run for another 20 years till I'm 79.

600k total.

Is it worth selling them?
Can i sell them anywhere?

trickywoo

12,299 posts

237 months

Friday 15th November
quotequote all
I’d very much doubt you would be allowed to do anything with them without taking professional advice so it’s pretty pointless asking on here.

dalenorth

872 posts

174 months

Friday 15th November
quotequote all
You can’t sell or trade life policies in the UK, but you can in some countries.

It became quite popular in the US 15-20 years ago but I wouldn’t say it was the cleanest most honest industry.

If you’ve had them for some time they are probably good value, so if they are affordable stick with them but make sure they’re in trust.

philv

Original Poster:

4,233 posts

221 months

Friday 15th November
quotequote all
Thanks.

Yrs they are in trust.