South Carolina Business Review

Selling your life insurance policy

By Mike Switzer

Published June 28, 2022 at 5:30 AM EDT

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Most people know that you can cash in your life insurance policy, if it has any cash value that is. But have you ever thought about selling your life insurance policy? Did you even know that you could sell your life insurance policy. Our next guest says it could make sense to do that instead of cashing it in, if you don’t need it anymore. Mike Switzer interviews Ashton Lawrence, a certified financial planner with Goldfinch Wealth Management in Greenville, SC.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

See stories by Mike Switzer