Should I Sell My Life Insurance Policy with Mark Mrky | Ep 47

Should I sell my life insurance policy? On the Real Money, Real Life™ podcast, Linda Grizely and Mark Mrky help listeners understand a lesser-known option before walking away from a policy that may still have value. A life settlement is when you sell a life insurance policy to a third party for a cash payout instead of surrendering it back to the insurance carrier for cash surrender value. What if your kids are grown, your premiums are rising, or your universal life policy did not perform the way you expected? What if you are ready to let the policy go, but you are not sure whether surrendering it is your only option? Linda and Mark walk through what a life settlement is, who may qualify, why age, health, policy type, premiums, and cash surrender value matter, and why a bidding process can help policyowners evaluate their options. This conversation is for anyone trying to make a financial decision with real-life consequences, especially seniors or families looking at unwanted life insurance, underperforming universal life, or convertible term coverage. Linda Grizely keeps the conversation grounded in financial decision-making, clarity, and asking better questions before making a permanent choice. If you have ever wondered, should I sell my life insurance policy, this may help you see the decision with more context and less confusion. 💡 We talk about:· How to know if a life settlement might apply to your policy · What to ask before surrendering life insurance for cash value · Why universal life and convertible term policies may be reviewed differently · How the life settlement bidding process works Timestamps (00:00) Why life insurance decisions deserve a closer look (01:18) What a life settlement is (03:00) How life settlements grew from viatical settlements (05:35) Why many people do not know this option exists (08:17) What types of policies may qualify (10:08) How age and health affect a life settlement offer (12:13) Why universal life policies can become complicated (15:23) How a life settlement evaluation works (17:26) Cash surrender value versus settlement value (18:47) Minimum policy size and death benefit (19:24) How the bidding process works (21:29) Regulation, disclosures, and compensation (24:33) When a life settlement may not be a good fit (25:18) Emotional and ethical concerns about life settlements (28:11) Why selling life insurance can feel emotional (30:08) First questions to ask before moving forward (31:08) Red flags to watch for (33:14) Who may want to learn more about life settlements (34:16) How to connect with Mark About + Links 👤 About Mark Mrky Mark is managing partner with Life Insurance Settlements Inc. He has been with LIS for 25 years and our sole focus is representing our clients who wish to liquidate a life insurance policy they own in the secondary market. 🔗 Connect with Mark Website: https://www.lisettlements.com LinkedIn: https://www.linkedin.com/in/mark-mrky-b8540113 👤 About Linda Linda Grizely, CFP®, is a financial wellness speaker and personal finance expert and educator. She is the creator of the MeMoney® Method, and host of the Real Money, Real Life™ podcast. Bridging financial strategy with behavioral insight, she helps people build confidence and clarity with their money and teaches individuals and organizations how to replace financial overwhelm with empowerment and real-world results. 🔗 Connect with Linda Website: https://www.LindaGriz.com Instagram: https://www.instagram.com/lindagrizely Facebook: https://www.facebook.com/thelindagrizely LinkedIn: https://www.linkedin.com/in/linda-grizely YouTube: https://www.youtube.com/@LindaGrizely TikTok: https://www.tiktok.com/@lindagrizely X: https://twitter.com/LindaGrizely 🤝 Resources Useful Personal Finance Quizzes, Checklists, and Flowcharts: www.lindagriz.com/resources ℹ️ Disclosures Real Money, Real Life™ is hosted and produced by Linda Grizely Ventures, LLC. Linda Grizely, CFP®, is an Investment Adviser Representative of Nectarine, an SEC-registered investment adviser. Linda Grizely Ventures, LLC is separate from and unaffiliated with Nectarine. The views expressed on this podcast are those of the individuals expressing them and do not necessarily reflect the views of Linda Grizely, Linda Grizely Ventures, LLC, or Nectarine. Guests on the podcast may express opinions or discuss financial strategies that are their own and should not be considered recommendations or personalized financial advice. This podcast is provided for informational, educational, and entertainment purposes only and should not be construed as personalized investment advice or a solicitation to buy or sell any securities or financial products. Listeners should consult their own financial, legal, or tax professionals regarding their specific situation. For additional disclosures, please visit: https://hellonectarine.com https://www.lindagriz.com/disclaimers