My two partners and I built a successful business. The business held a large insurance policy on each partner’s life to buy out his interest in case of premature death. We recently sold the firm. Each partner took over the policy on his own life. I am in good health. I don’t need the coverage, and I don’t want to pay the premiums. I have been told that I can sell the policy to an investor for more than the policy’s cash surrender value. Should I consider this?

It depends on many factors, but the biggest is this: Do you want a total stranger to be in a position to profit if you die prematurely? That is what will happen if you enter into a “life ...
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