What is a Life Settlement? A life settlement is the legal sale of an existing life insurance policy for more than its cash surrender value, but less than its net death benefit. By Lacey Ellison|2021-12-02T22:42:55-05:00August 31, 2020|Comments Off on What is a Life Settlement? Share This Story, Choose Your Platform! FacebookTwitterRedditLinkedInWhatsAppTumblrPinterestVkXingEmail About the Author: Lacey Ellison