I find it hard to believe that you have a "term" life policy that has increasing payments. For decades now, term has been sold with guaranteed LEVEL premiums -- and only for a fixed period of years in the term. So you have some other form of policy, and I'm not sure if it has built up any cash value that you could get back from all the payments you have made. As for selling it to an individual or company, do you really want someone out there hoping to collect on your death???? And are you sure you no longer need this insurance, which you obviously purchased years ago for protection for your beneficiary? Please call my insurance guru, Byron Udell at Accuquote.com at 800-442-9899. Have the policy in front of you and give him all the information. He will be able to advise you specifically about your best options.