What Is Reverse Life Insurance And How Does It Work? 
Reverse Life Insurance is a life settlement in which the owner of a life insurance policy sells the policy to another party for an agreed upon amount of money . In order for someone to be considered for this , the insured individual on the policy will generally need a life expectancy evaluation completed and show a level of likelihood of a short life expectancy - generally meaning they are in very poor health -LRB- sometimes age-related -RRB- . Many times a policy may get sold to an investment company because the term period is expiring and they do not want to buy new coverage , but would like to recoup money on the premiums paid out over the life of the policy - the purchasing party may ask the policy be converted to a permanent program before the sale transaction is completed . You should consult with a life insurance agent/broker before selling your policy to make sure it 's the right thing for you and to identify if there are any other alternative courses of action available . If you would like assistance with this process , send me a message by clicking on the `` contact me '' button . 