How To Make Money With Life Insurance
There are a lot of different ways to make money with life insurance. This guide will discuss a few of the most popular methods. One way to make money with life insurance is to sell it as an investment. Another way is to use it as a retirement vehicle. Finally, life insurance can also pay for final expenses and estate taxes. We will discuss each of these methods in more detail below. Sell Your Policy Selling life insurance as an investment is a popular way to make money. You can sell whole life insurance, universal life insurance, or term life insurance. These are called life settlements. Whole life insurance policies have a cash value that increases over time. Universal life insurance policies have both cash value and death benefit protection. Term life insurance only has death benefit protection. When you sell life insurance, you earn a commission on the sale. The commission’s size depends on the policy type and company you sell it for. Retirement Plans You can a...