Statistics reveal that nearly 90% of life insurance policies are paid pre maturely, on the death of the insured. The insured will no longer be there when the time comes to collect the maturity amount, even though he has spent a major part of his life paying premiums. The texts of the insurance company's documents are cleverly worded. It is the same with their agents too. They will convince you by stating that in the unfortunate event of your demise, the total sum insured will be paid to the beneficiary appointed by you.

How does the insurance company stand to gain? Why should you sell your life insurance policy? If you die before the term of the policy is completed, your beneficiary gets the sum assured. You too get the sum assured, if you are alive till the time of maturity of the policy, right? Wrong! You also get incentives and special bonuses that are nearly equivalent to the sum assured.

Suppose you expire much before the policy maturity date and you have a life insurance policy of $250,000. In such a case your beneficiary will just receive the same amount with a small bonus amount as calculated by the insurance agency. The amount paid will be less than the insured amount, in certain cases when the insured passes away within 2-3 years of starting the policy.

Evaluate this with the $500,000 receivable, had you stayed alive for the term of the policy. Few persons are able to do so, therefore selling your life insurance policy and investing it in something that can be redeemed anytime is a wise act. A small sum of money is what the insurance company will give you if you surrender the policy to them. Or you can sell my insurance policy in the open market for a greater sum by opting in for quantum life settlement.