Frequently Asked Questions

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.

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.

Selling a life insurance policy was legalized by the Supreme Court in 1911. The policy is viewed as an asset owned by the policy holder with an assignable value. As such, your life policy is considered property under the law, and therefore, it is perfectly legal to sell your policy to a third-party. Learn more about selling your life insurance policy.

To start the process, fill out our 2-step form to see if you qualify. We then provide your information to our network of life settlement companies who will reach out to you to learn more about your case. If you accept an offer for your policy, the company will become the new policy owner and beneficiary. In return, you will receive a lump sum cash payment. Learn more about selling a life insurance policy.

A viatical settlement is reserved for an individual that is battling a life-threatening illness or condition such as cancer, ALS, or Alzheimer’s. A life settlement applies to someone in generally good health who is at least 76 years of age. Learn more about viatical settlements.

To get started, fill out our simple form to see if you’re eligible for a life settlement! We’ll put you in contact with interested life settlement companies that are ready to make an offer for your policy.