Quick Answer
Can I Sell My Life Insurance Policy?
Yes — in most cases, you can.
Selling a life insurance policy — called a life settlement — is legal, regulated, and available to most seniors 65 or older. Here's how to find out if your policy qualifies.
The Quick Checklist
Run through these criteria. Check all or most, and you very likely qualify.
You are 65 years of age or older
The insured on the policy should be 65+. Age 70+ typically yields the strongest offers.
Your policy has a face value (death benefit) of $100,000 or more
Larger policies ($250K+) tend to attract the most competitive bids.
You own a whole life, universal life, or convertible term policy
Permanent life insurance policies qualify most commonly.
Your health has changed since the policy was issued
This can actually increase your policy's value — buyers price based on life expectancy.
You no longer need the coverage, or can't afford the premiums
These are the most common reasons seniors choose to sell.
Common Concerns — Answered
I'm not sure what type of policy I have.
That's completely fine. Just call us or fill out the estimate form with your best guess. We can review your policy documents and tell you exactly what you have and whether it qualifies.
My policy is a term life policy.
Most standard term policies do not qualify for a life settlement. However, if your term policy has a conversion option (allows you to convert to a permanent policy), it may qualify. We'd need to review your specific policy to know for sure.
I'm worried about the cost or fees.
Our services are completely free to you as the seller. We earn a commission from the transaction only if you accept an offer and close. There are no upfront fees — ever. If you don't sell, you pay nothing.
I'm afraid of making the wrong decision.
That's exactly why we work as your fiduciary broker. We present you with all offers, explain everything clearly, and there is zero pressure to accept. You can take as much time as you need. You can also decline all offers at no cost.
I'm worried my family will be upset.
Many of our clients discuss this with their family before making a decision. Your beneficiaries will not receive the death benefit from a sold policy, so open communication can be important. We encourage any questions your family may have.
The Only Way to Know for Sure Is to Ask
A free estimate takes less than 3 minutes. We'll review your information and let you know honestly whether you qualify and approximately what your policy may be worth.