More Than $112 Billion in Life Insurance Policies Lapse Each Year

Did You Know You Can Sell Your Life Insurance Policy?

  • Most Just Stop Paying Premiums Because They Can’t Afford Them or no Longer Need the coverage
  • You May Be Able To Get Cash For Your Policy
  • Free Consultation – Fast and Easy
  • Cash Payout + No More Premiums
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What You Need to Know

Life insurance policies build value with every premium you pay, but what happens when you can no longer afford to pay the premiums or you simply don’t need the policy anymore? Surrendering your policy to your insurance company is one option, but this usually comes with a very low settlement and a hefty surrender fee that may be $10,000 or more. A life settlement can be a smart solution to help you access a lump sum of cash from the life insurance policy you can’t afford or no longer need. As a policyholder, you own your life insurance policy and have the right to sell it, usually for a much higher value than you can receive by surrendering the policy to your insurer.

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It's Free

No pressure, No sales just a free quote.

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We Represent You!

We work for you the seller. So your best interest is in our best interest.

What is a life settlement?

A life settlement is a financial transaction in which a policyowner sells an unneeded life insurance policy for more than its surrender value. But life settlements represent much more than an exit strategy for an unneeded life insurance policy. With a life settlement, consumers have the option to sell their life insurance and realize significantly more value than they would have received from a lapse or surrender.

What types of life insurance policies can be sold?

Most life insurance policy types qualify, including universal life, whole life, adjustable life, variable life, survivorship, joint first to die, portable group life (if assignable) and even term life (if convertible).

Can I sell a portion of my life insurance policy?

Yes, it is possible to sell your policy, eliminate premium payments and retain a portion of the death benefit.

How can a life settlement help me?

For qualified policyowners, a life settlement is a valuable alternative to surrendering a policy that is no longer needed or is no longer affordable.

For example, you could supplement your retirement income, fund a long term care policy, cover unexpected medical expenses or repay a debt. You could use the cash payment for anything you choose. There are no restrictions.

If you still need some coverage and qualify, you may have the option to retain a portion of your death benefit and eliminate your ongoing premium payments.

How much could I expect to receive if I sell my life insurance policy?

Policyowners who choose a life settlement typically receive on average more than four times what they would receive from surrendering their policy back to the life insurance company, or letting their policy lapse (London Business School Study, June 2013). Generally, the size of the payment is determined by your age, type of insurance policy, the premiums and your health.

Would I qualify for a life settlement?

If you are 65 or older or have had a change in health and the face amount of your life insurance policy is at least $100,000, your policy may qualify for a life settlement.

The simplest and quickest way to learn whether you are eligible is to complete the Life Settlement Marketplace Instant Estimate Qualifier. Just click below to get started.

Can I use life settlement funds any way I want?

Yes. There are no restrictions on the use of the proceeds. The majority of policyowners—over 75%—use the money to fund long term care insurance, cover medical costs and/or supplement their retirement income. The choice is yours.

Is my information kept confidential?

Yes we value your privacy and all your information is kept confidential.

Learn how Life Settlement Marketplace can help you by completing our online form or calling 1.888.669.0002 to speak with a Life Settlement Marketplace representative.