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You might be able to sell your life insurance policy for quick cash, but it's a little creepy to think that someone you don't know will profit from your demise.

Many seniors are now selling their life insurance policies to raise cash. In 2006 alone, life insurance policies worth $6.1 billion in death benefits changed hands. This trade wouldn't be possible, however, except for one controversial aspect: The party on the other end profits from your death, and the sooner, the better.

Individual health insurance can be expensive. Unlike group plans, in which the costs and risks associated with health care are spread among many people; individual health policies are "medically underwritten" to take into account your personal health history.

Any "pre-existing" condition such as heart disease, diabetes, and even pregnancy, can ruin your chances of acceptance or boost your premiums. To determine the acceptability of a particular applicant, a health insurance underwriter can require information regarding the following: