Ruth (79) owned a ‘Term Life’ policy with a Face Amount  of $400,000.  The Cash Value was $0
She decided to shop it on the Secondary Market and received
an offer of $68,000. Ruth sold her policy and was very satisfied.

Bob (78) owned a ‘Universal Life’ policy with a Face Amount
of $850,000. The Cash Value offered to him by his insurance
company was $67,500. Bob ended up selling his policy on the  secondary market for $238,000.

Keith (71) owned a ‘Survivorship’ policy with a Face Amount of 
$1,500,000. The Cash Value was $184,000.
Keith did a Life Settlement for $423,000
This got rid of his premiums and let him retire with a large sum he can now invest wisely.