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Sell Your Life Insurance

For Professionals

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What is a Life Settlement?

A life settlement is a process of selling an existing life insurance policy for a cash settlement.

Since life insurance policies are considered private property, they can be extremely valuable assets.

The policy’s face value and premiums, as well as the insured’s age, sex, and health status, are the main factors that determine its potential value in the life settlement market.

The amount received for the sale of policy is generally greater than its cash surrender value but less than the face value. Once a policy is sold, the seller receives a lump-sum cash settlement, with the buyer assuming responsibility for all future premium payments, as well as becoming both the new owner and beneficiary of the policy.

A life settlement may be a better option than letting your policy lapse or surrendering it back to the insurance company.

Why should I sell my life insurance policy?

If you’ve ever asked yourself “should I sell my insurance policy?” you’re not alone.

Here are a few reasons why selling your universal life insurance policy makes sense.

Do I qualify for a life settlement?

If you are an insured over the age of 72, your life insurance policy may qualify for a life settlement!*

*Disclaimer: Calculations are not guaranteed and are subject to change based on personal and life insurance policy data collected during the life settlement process.

Find out if you qualify.

This is not an application. You will receive a phone call in response to filling out this form. By clicking Next you agree to receive communications from Prosperity Life Settlements.