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I am 70 and have 10 year term convertable(by 04/2010), take

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Posted: Wed Sep 09, 2009 12:19 am   Post subject: I am 70 and have 10 year term convertable(by 04/2010), take   Please let me know premiums for converting my 10 year term policy of $ 500,000-convertable,for few years/life and what would be the premiums? Thanks	lalit New member Joined: 09 Sep 2009 Posts: 1 1.27 Dollars($)
Posted: Wed Sep 09, 2009 12:21 am   Post subject: Term life buy/sell   Want to convert 10 yr term to life. Also can I sell it now for what cash value? _________________ Register Now to have your Insurance queries solved.	Guest
Posted: Wed Sep 09, 2009 3:25 am   Post subject:    What state are you in? Some states have laws that can make life settlements more difficult. What company is the policy with? Is there still a conversion option left? Some policies don't have conversions for the full period or stop before age 70. If you decide to sell the policy, you should do it with the help of an experienced agent who has done them before. They can get very complicated and you will get a very wide range of offers if you are a candidate for a settlement. It helps to have an agent who can shop the case for you and get the best offer instead of trying to do it yourself. Is there a health reason you need to convert the current policy instead of buying a new policy? Converting may not be your best option depending on your health. Feel free to send me an email if you want some help: dgold@goldfinancialgrp.com	dgoldenz Senior member Joined: 10 Jan 2009 Posts: 392 Location: Virginia 5.24 Dollars($)

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