Selling Life Insurance

As one of the nation’s most experienced and respected life insurance purchasers, we are here to personally assist you every step of the way. Our goal is to inform you of your options, and help you choose the right option for you and your family – whatever that may be.

Our team of experts work every day with people just like you to help them create a financially comfortable future. Reach out to us at 800-561-4148 to get started today.

Why Would I Sell My Life Insurance Policy?

In 1911, the United States Supreme Court established life insurance policies as personal property. Since then, it has been established law that your life insurance policy is just like any other asset, and you have the choice to consider how best to use it for your financial future. Some of the most common reasons you may consider selling all or a portion of your policy include:

1. You can no longer afford premiums

Depending on your policy terms, changes in the insurance market or poor policy performance could increase your premium payments. Additionally, unexpected financial challenges—such as rising medical bills, legal expenses, assisted living costs, or tax obligations—may further strain your budget. Any number of factors often force people to stop paying their premiums and surrender a policy or simply let it lapse. In fact, the majority of all life insurance policies lapse, and all the funds invested through premiums are simply kept by the insurance company. The financially smarter option is often to sell all, or part, of your policy for a cash amount that is far higher than the surrender value. 

2. Funds are needed to pay for medical care or some other expense

If you’re facing significant expenses such as cancer treatment, assisted living, or other medical costs, a life settlement can provide a lump-sum payment to help cover them. There are no restrictions on how the funds are used. Whether it’s for care, debt relief, or personal goals, the money is yours to use as needed. How can a life settlement help you, you may ask? The opportunities are endless. 

3. You want to re-invest the equity you’ve built to take advantage of a better opportunity

You may want to recapture the dollars you have paid over the years into your life insurance policy and invest it in a new avenue. This could include investing in a new business, purchasing a new home, paying off a debt or tax liability, purchasing an income-generating annuity, or taking advantage of another opportunity where the equity built in your policy could better serve you. 

4. Your life circumstances have changed

As we move through the various stages of life, many individuals find they simply no longer need a life insurance policy. Life changes, like divorce, retirement, the absence of an estate tax burden, or your beneficiaries no longer needing the policy benefits.

To learn more about if this is the right option for you, use our confidential Online Options Tool or call us at (800) 561-4148 to speak to a live representative.