May 24, 2022
By now, you’ve likely done some research and are considering a life settlement, the sale of a life insurance policy for its market value. If you haven’t, feel free to check out our guide to life settlements to learn why many seniors choose to sell their policies rather than let them lapse. Once you’ve determined that you may be a candidate for a life settlement, your next step will be to determine the value of your policy and estimate your potential payout.
The team at Lighthouse Life has made it simple to find out what your policy could be worth. Our life settlement calculator can provide a fast, free estimate in just a few short steps. We are also here to chat and answer any questions you may have.
Find the answers to many of the common questions that come to mind when generating life settlement estimates. For a more extensive list of frequently asked questions, visit our life settlement FAQ page.
The life settlement calculator is a free tool that we can use to generate a quick, basic estimate of your life settlement value. It only takes a few minutes. We’ll use this as a starting point in the life settlement process.
There are a variety of factors that we take into account when providing an estimate. These include:
On average, policyowners who qualify and choose to sell their life insurance policy through a life settlement receive a payout of between 5% and 25% of the policy’s face value. With that said, each sale is different, and your final payout may vary. However, a life settlement always pays more than lapsing or surrendering a policy.
You may be eligible for a life settlement if you meet the following criteria:
After you receive your estimate, you can decide whether you’d like to move forward with the life settlement. If you choose to move forward, the life settlement professionals at Lighthouse Life will take as much time as you wish to help answer any questions you may have. Our goal is to make sure you have the right information to make the best financial decision for your specific situation, even if it means we don’t purchase your policy. And if we do work with you to buy your policy, we’ll treat you with the respect you deserve and move quickly to get you the best life settlement payout.