Life Settlements

A life settlement is the sale of a life insurance policy for cash. It allows a policy owner over the age of 65 to get cash out of a life insurance policy that he or she no longer needs. The amount of money you get will be less than the full death benefit amount, but more than the policy surrender value.

There are many reasons why seniors choose to sell their life insurance policy. The most common are:

• The insured's need for insurance has decreased
• The insured's estate tax obligations have decreased
• The insured can no longer afford the payments
• The insured needs funds for long-term care or other day to day living

The amount of money that you get from your term life policy will depend on your life expectancy, the amount you pay for your premiums, the rating of your insurance company, and your policy’s provisions. The easiest way to find out how much cash you can get from your term life policy, is to complete an application and get an offer.

To get an offer on your term life policy, please fill out the form to the right.