Life Settlement
The sale of a life insurance policy for a cash payout.
A life settlement is the sale of a life insurance policy to a third-party buyer for more than the cash surrender value but less than the death benefit.
Typically, individuals aged 65+ or those with significant health changes. Policies must have a face value of at least $100,000.
The value depends on factors like the insured’s age, health, policy type, premiums, and death benefit.
Life settlements provide immediate cash for underutilized or costly policies, offering financial flexibility for retirement, medical expenses, or other needs.
The process includes evaluating the policy, soliciting offers from buyers, negotiating the best deal, and completing the sale. We handle everything for you.
TYes, life settlements are regulated in most states to protect policyholders and ensure transparency.
TYes, proceeds from a life settlement may be subject to taxes. Consult with a tax professional for details.
Universal Life, Whole Life, and some Convertible Term policies typically qualify. Contact us to evaluate your specific policy.
