Life Settlements

A life settlement could be your solution to rising or burdensome premiums on life insurance you no longer need. Unfortunately, uninformed seniors surrender life insurance policies every day, without ever realizing that they could have received more than double their surrender value by simply utilizing a life settlement. You should know the value of your life insurance policy, so we have made it easy to get a life settlement estimate with our life settlement calculator. Our life settlement calculator will provide you a very general range of the value in your life insurance policy as a life settlement, without having to give up personal contact information.

“Why Hasn’t My Insurance Agent Offered Me A Life Settlement?”

All but about 5 states now have at least some life settlement regulation and life settlement licensing requirements. Several states now mandate that insurance agents inform their clients of the life settlement option, and this illustrates how mainstream and beneficial a life settlement can be. This is uncomfortable for some insurance agents whose insurance companies strongly discourage them against disclosing life settlements as an option to policy owners who are considering policy surrender.

Life settlements allow you to harvest some of the intrinsic value that you have accumulated in your insurance policy… by living. With a life settlement, even your unneeded term insurance policy and your insurance policies with no cash surrender value may now actually hold value… to you.



Case Study: 77 Yr Old Male Policy Face Value: $5 Million

Annual Premium: $214,500

Policy Type: Universal Life

Cash Value: $0

Life Settlement Offer: $800,000 This gentleman had taken out a life insurance policy years ago in order to cover the taxes on his estate. His estate no longer required insurance coverage for tax planning purposes, but his policy had no cash surrender value. He did not want to lose all the money he’d paid in premiums over the years. He was very smart to pursue a life settlement.

Never Surrender If you are paying for term insurance or just the cost of insurance inside of a permanent plan, you have certainly noticed by now how dramatically the cost of insurance can increase in the later years of your life. Some people have been forced to lapse their insurance due to rising premiums. You need to understand that there is now an option, if you qualify, to get more than the promise of zero. Before you surrender or lapse your life insurance policy, take the time to have your insurance policy appraised, then research and explore all of your options. If you are over 65 years of age, a life settlement could be the solution for which you have been looking, but you still need to do your homework. Getting a value on your life insurance is the first step to making the right decision. Use our Life Settlement Calculator to estimate your policy’s value.

Importance of A Life Settlement Appraisal

You should have your own insurance appraisal prior to attaining quotes and bids for a life settlement. Consider an insurance policy value like your home. No two are the same and it is always good to have an idea of value before speaking to a Realtor. An accurate assessment of the market is important to have before you enter negotiations for the sale of your insurance policy. Keep the results of your complementary appraisal to yourself at first, when attempting to get the highest life settlement offer. It allows you to see where the numbers fall in a sterile environment. An appraisal will give you an accurate range of value for your policy so that you can begin planning beyond the hypothetical, but an appraisal is no guarantee.

State By State Life Settlement Information