Selling a life insurance policy is a big financial decision and you likely have a lot of questions. Find the answers to some common questions below.
Frequently Asked Questions
A life settlement is an agreement where an individual sells their life policy to a life settlement company in exchange for a lump sum cash payment. The insured is then relieved of any responsibility for the policy and is free to spend the funds as they see fit. Learn more about life settlements.
Each case is unique but there are some initial qualifications. If you are relatively healthy, you must be 76 years of age or older. Otherwise, you must have a life-threatening illness such as cancer, ALS, or Alzheimer’s. In either case, you must have a life policy of $100,000 or more. Learn more about the qualifications.