Live better with a life settlement.
What is a life settlement?
With a life settlement payout, you sell your existing life insurance policy to a third party. You then receive a lump sum payment for selling your policy.
What are the qualifications?
To qualify for a life settlement you must be at least 75 years of age or have a life-threatening disease and your policy needs to be valued at $100,000 or more.
How can I sell my policy?
First, we recommend using our online form to ensure your policy qualifies. If you qualify we’ll help you find a buyer and get top dollar for your policy.
What you need to know about life settlements.
It’s not uncommon for a policyholder to decide to work with a life settlement provider in order to receive much-needed cash. The sale of a life insurance policy occurs between a policyholder and a life settlement company.
A life settlement is given when an individual sells their life insurance policy for cash. They can then use the cash to fund items such as retirement, living expenses, or medical bills. A life settlement is a viable option for policyholders who wish to benefit from their policy’s funds now instead of later.
Sell My Life Insurance Policy streamlines the process by connecting you with life settlement companies that are ready to make an offer for your policy. While individuals don’t often receive face value for their policy, the cash offer they receive is a fair price. The life settlement market is steadily growing because more and more people, particularly seniors and terminally-ill individuals, are reaching out to buyers to utilize the money they can receive from selling their policies now.
Viatical vs. Life Settlements
Viatical vs. Life Settlements
Those with a life-threatening illness such as cancer, ALS, or Alzheimer’s may qualify for a viatical settlement. A viatical settlement can help individuals with a short life expectancy cover expenses like long-term care costs. For someone with a serious illness, receiving their policy’s cash value can be in their best interest to help them cover ongoing medical expenses during their last year or final months.
We make selling your life insurance policy simple.
Sell My Life Insurance Policy was created to simplify the life settlement process. We do this by connecting you with multiple life settlement companies at once, saving you the hassle of individually researching and reaching out to life settlement companies. After putting you in touch with our partners, you select the best company for your needs to receive an immediate lump-sum payment for your policy. To get started, complete our simple, 3-step form. With a few clicks, you’ll be on your way to getting cash offer for your policy now.
