Sell your life insurance policy.

A life settlement is the sale of a life insurance policy to a third party in exchange for a cash settlement. Typically, this sale results in a lump-sum cash payment of four or more times its cash surrender value. After a life settlement, the new policy owner will be responsible for future premium payments and will control the policy’s death benefit.

When determining the value of your life insurance policy for sale, we will look at factors including your age and health, the face value of the policy, cost of premiums, and the type of policy. These are the things buyers will value most when making an offer to purchase your policy.

On average, policyowners who qualify and choose to sell their life insurance policy through a life settlement receive a payout of four or more times the policy’s cash surrender value. Every sale is different, and results may vary based on a number of factors. However, a life settlement always pays more than lapsing or surrendering a policy.

No two policies are the same, and values will vary depending on the specifics. The average policyowner receives a payout of four or more times the policy’s cash surrender value. To better understand what your unique policy is worth, get an estimate from the Lighthouse Life life settlement estimate calculator. These estimates are fast, free, and easy to understand.