Question 1

What is a life settlement?

Accepted Answer

A life settlement is a financial transaction where you sell your life insurance policy to a third-party buyer for a lump-sum cash payment, typically 4-7 times more than the cash surrender value.

Question 2

Who qualifies for a life settlement?

Accepted Answer

Generally, policyholders aged 65 or older (or 50+ with health conditions) with policies valued at $100,000 or more qualify for life settlements.

Question 3

How much can I get for my life insurance policy?

Accepted Answer

Life settlement payouts typically range from 10-25% of the policy's face value, but can be higher depending on your age, health, and policy type. Use our free calculator to get an instant estimate.