See if you qualify for a life settlement

How to sell your life insurance policy for cash?

Life settlements give you a safe and secure way to sell your life insurance

How to sell your life insurance policy for cash?

Life settlements give you a safe and secure way to sell your life insurance

If you are thinking of selling your life insurance policy, or even just want to know more about what is involved in a life settlement, Lighthouse Life is here to help you.

Life settlements are a more valuable alternative to cash surrenders, letting a policy lapse, or taking out a loan against a policy. A life settlement allows you to get the market value for the sale of your life insurance policy. Lapsing a policy back to the insurance company means you’ll receive no payout. Surrendering the policy results in you receiving a small payout. Life settlements provide you with a significant cash payment, averaging 4 or more times larger than the value of a cash surrender.

Get more, not less, from a life settlement. You owe it to yourself to find out if a life settlement can help you.

Customer Testimonials

Everything was professionally done. I was pleased with the attention that the agent showed every step of the way.

David S.
November 28, 2023

Excellent and very timely response and action form the team at Lighthouse 👍🏽

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February 20, 2024

Chelsea was very informative and polite. She was able to answer all my questions. I really appreciated her assistance.

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October 26, 2023

See how much you could get from a life settlement

Does this describe you?

  • You’re 65+ (or younger with a significant health issue)
  • Your health has changed since you bought your policy
  • You own a policy of $100,000 or more

If so, your policy could be worth thousands of dollars.

Get my estimate

Selling your life insurance policy with Lighthouse Life

Selling your life insurance policy can feel daunting. We’re here to help make it easy for you.

As advocates for seniors, our focus is on you – answering your questions, providing you with resources, and making sure a life settlement is right for you and your family.

If a life settlement is the best option for you, we’ll help you complete the processes so you can get what is rightfully yours – the full market value for your life insurance policy.

Here is what selling your life insurance policy with Lighthouse Life looks like

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We connect

You can prequalify in under 5 minutes by answering a few questions via phone, chat, or completing a short form.

Then, pick the date and time that works best for you for a follow-up conversation with one of our experienced team members.

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You receive the offer

Once you’ve provided the necessary health and policy information, you’ll receive an offer from Lighthouse Life to purchase your policy.

Frequently, we’re able to make offers in as few as 5 days.

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We complete the life settlement

If you accept the offer, we’ll send you the forms required to complete the life settlement. Once all forms are finalized and the life insurance company reports the change of ownership, your cash payment is released to you.

Can you sell your life insurance policy?

Yes. A life insurance policy is your property, just like a house, a car, or a piece of jewelry. It is your right to sell any property, including a life insurance policy, for cash.

If you do choose to sell your policy through a life settlement, our transparent process will help put you at ease.

Industry-leading consumer protections and disclosures mean your zero-pressure conversations with Lighthouse Life will result in you receiving our best offer for the full market value of your policy.

In general, to qualify for a life settlement, you must:

  • Be at least 65 years old
  • Have a life insurance policy with a value of $100,000 or more
  • Have had a change in health since the policy was issued

In some cases, healthy seniors can also qualify for a life settlement.

Even if you do not squarely fit within these guidelines, so you should still contact us to see if you qualify.

Also, in many instances, you may choose to sell only a portion of your policy, keeping the remaining death benefit for your loved ones without having to pay any future premiums.

How much could you get? Here are some examples.

Policyowner's age: 79

Universal life policy: $800,000

Cash surrender value: $18,000


Life settlement value

Policyowner's age: 77

Universal life policy: $250,000

Cash surrender value: $4,600


Life settlement value

Policyowner's age: 74

Universal life policy: $500,000

Cash surrender value: $0


Life settlement value

How do you know if you qualify for a life settlement?

To qualify for a life settlement, you can call us, chat with us, or complete a short online form. We want to make it as easy as possible for you.

Once you provide some initial information, a member of the Lighthouse Life team will contact you to ask some additional qualifying questions.

Once you qualify, we’ll help you with the rest of the process, lending a hand to help navigate the remaining steps in completing your life settlement.

Get Started

How long does it take to sell my life insurance policy?

You can receive your life settlement proceeds in as little as 45 days, and most life settlements with Lighthouse Life are complete in under 60 days. Compare that with other life settlement companies, which can take four to six months, or longer.


If you have any questions at all about life settlements, any member of our team will be happy to have a zero-pressure, educational conversation with you.

Life settlement resources

If you’d like to learn even more about life settlements, here are some educational life settlement resources:

Life Settlement Overview Brochure from Lighthouse Life

Life Settlement Brochure

An overview of life settlements and how they can help you benefit from your life insurance while you are living.

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