Check out this article on MSNBC about a guy who sold his life insurance policy to an investor for a lump sum of $125,000.
Is it just me, or does this creep you out a little bit? Knowing that someone will profit from me dying doesn’t sit well with me. I would be looking over my back and sleeping with one eye open for the rest of my life.
What do you think? Would you sell your life insurance policy for a quick $100 grand?
Erik Folgate Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college.
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