How Can I Sell My Term Life Insurance Policy? 
Term life insurance policies can not be sold . The process of selling a life insurance policy is known as a viatical settlment and can only be done on permanent insurance policies -LRB- universal life and whole life -RRB- . Please note , you should consult with your agent before selling any life insurance policy to another party to review the after effect/consequences , tax issues , etc. of this type of sale . If you need any assistance with your coverage , please do n't hesitate to contact me . I hope the information is helpful - thanks very much . 