Who Will Buy My Life Insurance? 
If you are looking to sell a cash value policy friends and family is a great place to start . There are also companies that purchase life insurance polices called life settlement companies and viatical companies . A life settlement company is used mainly by seniors needing cash to live . A life settlement company will usually give you more than the cash value of the policy is worth but less than the face amount . They recover the difference by leaving the senior as theinsured and the company becomes the beneficiary . A viatical companyis used by seniors and the terminally ill . The main difference of the two is a viatical companyis alife settlement company with multiple investors that invest capital for the promise of big returns due to shortened death cycles . 