How to make $232,000 from a “worthless” term life insurance policy

by David Lewis

My business partners recently published a story about how we saved someone lots-n-lotsa money:


We recently worked with a 75-year old client who owned a $1.5M term policy. The policy was approaching the end of the guarantee period, the client did not want to pay to convert, and planned to let the policy lapse. We explored a life settlement option and the client was able to sell the policy for $232,000, instead of letting it lapse and walking away with nothing.


Almost everyone lets their term life insurance policy expire worthless because… that’s what every financial advisor and self-proclaimed financial guru and blogger tells them to do.

Every. Single. One.

They don’t believe it has any value.

So they just throw money away left and right.

I don’t tell you this to scare you or make you feel stupid.

Actually, even your financial planner who told you to lapse your term policy is probably not stoopid… just ignorant.

Anyway, I tell you this in the hopes it gets your wheels turning so you think more carefully about financial decisions you make.

Even insignificant stuff can be VERY significant.

Anyway, do with that information what you will.

And if you want more emails delivered straight to your inbox, then go join my email list. I send emails every day until you unsubscribe. Oh yeah, I also hand out valuable free (and not free) resources to help you do a better job saving, spending, budgeting, insuring, and planning for your future.

Ready to kick things up a notch?


... plus get hard-hitting, politically incorrect, life insurance advice delivered straight to your inbox + free access to The Monegenix App when you sign up to read David's Daily Emails.

About David

David Lewis is a licensed life insurance agent, and has worked in the life insurance industry since 2004. During that time, he has worked with some of the oldest and most respected mutual life insurance companies in the U.S. To learn more about him and his business, go here.