What is a Life Settlement?

A life settlement is a transaction in which you sell a life policy that you own to a third party. You receive an immediate cash payment for selling your policy. The purchaser becomes the new owner of the policy, and is responsible for future premium payments. When the insured (which may be someone other than you) dies, the purchaser receives the policy's benefit.

Why would I want to sell my policy?

If you would prefer to have more money now rather than a future death benefit, you should consider a life settlement. There are many reasons why your policy may no longer meet your needs, including changes in your family, in financial circumstances, in tax law, and in your policy’s performance. A life settlement can give you far more cash for your policy than you would receive from surrendering it to the insurance company.

How can a life settlement get me more money than surrender?

If you surrender your policy to the insurer, they will cancel your policy and return any cash value to you. That cash value doesn't take into account the value of the death benefit you are giving up. A life settlement pays you the cash value plus a portion of your death benefit's value.

How can I find out if I am eligible?

Simply call us at 866.877.4054 or e-mail us. Or you may use our online calculator to quickly estimate your eligibility and the potential value of your policy.

How much more could I get?

On average, major life settlement providers (purchasers) report paying about four times the cash surrender value for a policy. In other words, you could get about 300 percent more money through a life settlement.

What can I do with money from a life settlement?

Whatever you want -- it's your money.

Some common uses include:

• Saving for future health care or retirement costs,
• Making gifts to loved ones or charities,
• Paying off debt,
• Making investments, and
• Fulfilling dreams such as a long-delayed trip overseas.