Should I sell My Life Insurance Policy?

Get the highest offer for your life insurance policy

At Sell My Life Insurance Policy, we aim to get you the highest possible payout for your policy. Our relationships with life settlement leaders enable us to offer clients the best deal for their life insurance. Our ability to provide clients with multiple offers at once and our dedication to helping our clients receive high payouts set us apart from other life settlement companies.

Find the perfect fit for your financial needs

At Sell My Life Insurance Policy, we connect our clients with the best life settlement companies so that you can find a good option for your financial situation. We believe that life insurance owners should be able to choose from as many life settlement options as possible.

Our website connects policyholders with settlement providers. Policy owners no longer need to research and contact a life insurance settlement association in order to find the best payout for their insurance policy. We save policy owners time and peace of mind while connecting them with a multitude of life insurance policy options.

What is a life settlement?

Policyholders with life insurance policies can enter agreements with a buyer to sell their policy in return for a lump sum payment. The life settlement company or life settlement broker then takes over paying the monthly premiums on your policy to keep it in place.

In other words, the seller receives payment upfront, and the life settlement company continues paying life insurance premiums. They receive the policy’s death benefit from the insurance company after the insured has passed.

Why should I sell my life insurance policy?

Depending on your specific situation, there are many pros to selling your life insurance policy. For instance, many policyholders purchase life insurance policies when their children are dependents. In many cases, once your children grow up and earn their own income, your life policy isn’t needed to support them.

Some policyholders struggle to pay premium payments on a monthly basis and can benefit from the cash now versus beneficiaries receiving the full death benefit in the future. Selling a life insurance policy may also be the best option for seniors struggling to earn a retirement income or who need to pay past debts.

How can I benefit from a life settlement?

If the amount of your premium payments is too expensive, selling your life insurance policy will eliminate the monthly payment obligation. Selling your policy frees up space in your budget, allowing you to live comfortably each month without the stress of paying costly premiums or living on less than you need.

Selling your life insurance policy for a cash payment adds to your retirement income, as you’ll be able to use your payment as you need. Having extra cash available can help seniors pay for high-quality medical care or assisted living.

With that being said, you’re not required to devote your life settlement to medical expenses. You’re free to decide how you spend your lump sum, which means you can live out your dream retirement life, take a vacation with their spouse, or simply gain financial peace of mind.

Are there cons to selling a life insurance policy?

Selling your life insurance policy is a major financial decision and policyholders should consider potential drawbacks before making the decision. It’s important to remember that in some cases, selling a life insurance policy may disqualify you from applying for a policy in the future. However, it’s unlikely that sellers with financially independent heirs would need to buy another policy in the future.

Additionally, sellers must keep in mind that the life settlement company that purchases your policy will become the new beneficiary and receive the death benefit of the policy. However, many life settlement companies offer back-end agreements for sellers, which allow sellers to leave a portion of the death benefit intact for a chosen beneficiary.

Can I sell my life insurance policy?

While viatical settlements require policyholders to have a terminal illness to sell their life policy, life settlements have different eligibility requirements. Instead, sellers of life settlements must be at least 70 years of age if they are in fairly good health and do not have a terminal illness.

To be a qualified seller, the face value of your policy must be at least $100,000. Contact your insurance company to speak to an insurance agent if you’re unsure how much your policy is worth, or fill out our easy-to-use form to see if you qualify.

If you have a terminal illness or a reduced life expectancy, submitting your medical records can help determine your eligibility for a viatical settlement. Policyholders with illnesses such as ALS, Alzheimer’s, or cancer do not need to meet an age requirement to qualify for a viatical settlement.

How can I sell my life insurance policy?

If you’re interested in selling your policy, Sell My Life Insurance Policy can help. We eliminate the need to research and contact each individual third party settlement company. Instead, we connect our clients with multiple companies and brokers interested in buying life insurance policies in order to ensure that you receive the highest payout for your policy.

Simply submit our online form and you’ll be connected with settlement companies that purchase life insurance policies. After you find the right choice for your specific situation, a contract is signed by both parties and you’ll receive a lump sum payment for your life settlement. We make life settlement transactions quick and easy. Some are even completed in as little as 1–2 weeks.

How much will I receive in a life settlement offer?

If you qualify for a life settlement, you’re probably wondering how much settlement providers will purchase your policy for. The face value of the policy plays a significant role in determining its value to settlement companies. In addition, the amount of premium you currently pay is another determining factor to the life settlement broker who will take over your premium payments.

Generally, the higher the monetary value of your life insurance coverage and the lower your premiums, the more you can expect a life settlement provider to offer. Your life expectancy and the cash value of your life insurance are also factors considered by life settlement providers during the life settlement transaction process.

We’re passionate about our clients

Many life insurance policy owners fail to realize that life insurance can be used as a financial option. Instead, policy owners take out high-interest loans or refinance their mortgage to obtain the amount of money they need. Pursuing a life settlement allows policyholders to access the fund you’ve been investing in your whole life: Your life insurance policy.

Life settlements can also serve as lucrative sources of income for seniors who would otherwise allow a policy lapse. Many policy owners choose to sell their life insurance policy to pay for medical bills or because their beneficiaries have become dependent and no longer need a portion of the death benefit.

Our service is free and confidential

Whether you’re looking to sell your life insurance policy for additional funds or to avoid costly premiums, we can help. We connect our clients with multiple buyers, so you’re guaranteed to receive the highest cash value for your life insurance policy.

Our policy estimates make it easy for clients to make informed decisions regarding the cash surrender value of their life insurance policy. In addition, our service is completely free and 100 percent confidential.

We’re here to help

If you’re not sure if your life insurance policy is eligible for a life settlement, contact a financial advisor or submit our simple form. We’ll review your information and provide you with information regarding the worth of your life insurance policy and the death benefit. Next, we’ll match you with the top life insurance companies so you’ll receive a fair price for your life insurance policy.

Get the highest offer for your life insurance policy

At Sell My Life Insurance Policy, we aim to get you the highest possible payout for your policy. Our relationships with life settlement leaders enable us to offer clients the best deal for their life insurance. Our ability to provide clients with multiple offers at once and our dedication to helping our clients receive high payouts set us apart from other life settlement companies.

Find the perfect fit for your financial needs

At Sell My Life Insurance Policy, we connect our clients with the best life settlement companies so that you can find a good option for your financial situation. We believe that life insurance owners should be able to choose from as many life settlement options as possible.

Our website connects policyholders with settlement providers. Policy owners no longer need to research and contact a life insurance settlement association in order to find the best payout for their insurance policy. We save policy owners time and peace of mind while connecting them with a multitude of life insurance policy options.

What is a life settlement?

Policyholders with life insurance policies can enter agreements with a buyer to sell their policy in return for a lump sum payment. The life settlement company or life settlement broker then takes over paying the monthly premiums on your policy to keep it in place.

In other words, the seller receives payment upfront, and the life settlement company continues paying life insurance premiums. They receive the policy’s death benefit from the insurance company after the insured has passed.

Why should I sell my life insurance policy?

Depending on your specific situation, there are many pros to selling your life insurance policy. For instance, many policyholders purchase life insurance policies when their children are dependents. In many cases, once your children grow up and earn their own income, your life policy isn’t needed to support them.

Some policyholders struggle to pay premium payments on a monthly basis and can benefit from the cash now versus beneficiaries receiving the full death benefit in the future. Selling a life insurance policy may also be the best option for seniors struggling to earn a retirement income or who need to pay past debts.

How can I benefit from a life settlement?

If the amount of your premium payments is too expensive, selling your life insurance policy will eliminate the monthly payment obligation. Selling your policy frees up space in your budget, allowing you to live comfortably each month without the stress of paying costly premiums or living on less than you need.

Selling your life insurance policy for a cash payment adds to your retirement income, as you’ll be able to use your payment as you need. Having extra cash available can help seniors pay for high-quality medical care or assisted living.

With that being said, you’re not required to devote your life settlement to medical expenses. You’re free to decide how you spend your lump sum, which means you can live out your dream retirement life, take a vacation with their spouse, or simply gain financial peace of mind.

Are there cons to selling a life insurance policy?

Selling your life insurance policy is a major financial decision and policyholders should consider potential drawbacks before making the decision. It’s important to remember that in some cases, selling a life insurance policy may disqualify you from applying for a policy in the future. However, it’s unlikely that sellers with financially independent heirs would need to buy another policy in the future.

Additionally, sellers must keep in mind that the life settlement company that purchases your policy will become the new beneficiary and receive the death benefit of the policy. However, many life settlement companies offer back-end agreements for sellers, which allow sellers to leave a portion of the death benefit intact for a chosen beneficiary.

Can I sell my life insurance policy?

While viatical settlements require policyholders to have a terminal illness to sell their life policy, life settlements have different eligibility requirements. Instead, sellers of life settlements must be at least 70 years of age if they are in fairly good health and do not have a terminal illness.

To be a qualified seller, the face value of your policy must be at least $100,000. Contact your insurance company to speak to an insurance agent if you’re unsure how much your policy is worth, or fill out our easy-to-use form to see if you qualify.

If you have a terminal illness or a reduced life expectancy, submitting your medical records can help determine your eligibility for a viatical settlement. Policyholders with illnesses such as ALS, Alzheimer’s, or cancer do not need to meet an age requirement to qualify for a viatical settlement.

How can I sell my life insurance policy?

If you’re interested in selling your policy, Sell My Life Insurance Policy can help. We eliminate the need to research and contact each individual third party settlement company. Instead, we connect our clients with multiple companies and brokers interested in buying life insurance policies in order to ensure that you receive the highest payout for your policy.

Simply submit our online form and you’ll be connected with settlement companies that purchase life insurance policies. After you find the right choice for your specific situation, a contract is signed by both parties and you’ll receive a lump sum payment for your life settlement. We make life settlement transactions quick and easy. Some are even completed in as little as 1–2 weeks.

How much will I receive in a life settlement offer?

If you qualify for a life settlement, you’re probably wondering how much settlement providers will purchase your policy for. The face value of the policy plays a significant role in determining its value to settlement companies. In addition, the amount of premium you currently pay is another determining factor to the life settlement broker who will take over your premium payments.

Generally, the higher the monetary value of your life insurance coverage and the lower your premiums, the more you can expect a life settlement provider to offer. Your life expectancy and the cash value of your life insurance are also factors considered by life settlement providers during the life settlement transaction process.

We’re passionate about our clients

Many life insurance policy owners fail to realize that life insurance can be used as a financial option. Instead, policy owners take out high-interest loans or refinance their mortgage to obtain the amount of money they need. Pursuing a life settlement allows policyholders to access the fund you’ve been investing in your whole life: Your life insurance policy.

Life settlements can also serve as lucrative sources of income for seniors who would otherwise allow a policy lapse. Many policy owners choose to sell their life insurance policy to pay for medical bills or because their beneficiaries have become dependent and no longer need a portion of the death benefit.

Our service is free and confidential

Whether you’re looking to sell your life insurance policy for additional funds or to avoid costly premiums, we can help. We connect our clients with multiple buyers, so you’re guaranteed to receive the highest cash value for your life insurance policy.

Our policy estimates make it easy for clients to make informed decisions regarding the cash surrender value of their life insurance policy. In addition, our service is completely free and 100 percent confidential.

We’re here to help

If you’re not sure if your life insurance policy is eligible for a life settlement, contact a financial advisor or submit our simple form. We’ll review your information and provide you with information regarding the worth of your life insurance policy and the death benefit. Next, we’ll match you with the top life insurance companies so you’ll receive a fair price for your life insurance policy.

Happy Clients