What Is a Life Settlement?
A life settlement is the legal sale of an existing life insurance policy to a licensed third-party buyer for a lump-sum cash payment. The amount you receive is typically more than the policy's cash surrender value, but less than its face value. Once the sale is complete, the buyer assumes ownership of the policy, takes over premium payments, and receives the death benefit when the insured passes away.
Life settlements are a federally recognized financial transaction and are regulated at the state level. In Georgia, the Georgia Department of Insurance oversees and enforces the applicable rules. This secondary market gives policyholders a legitimate alternative to simply lapsing or surrendering a policy — often recovering significantly more value in the process.
To learn more about how this process works in general, visit our How It Works page.
Is Selling a Life Insurance Policy Legal in Georgia?
Regulated by: Georgia Department of Insurance
Life settlements are legal and regulated in Georgia
The Georgia Department of Insurance regulates life settlements in the state, overseeing licensing of providers and brokers and enforcing consumer protection standards. Georgia's regulatory framework ensures that policyholders have access to transparent information and fair treatment when exploring the secondary insurance market.
Atlanta's large metropolitan area means that many Georgia residents have access to financial planning professionals who are familiar with life settlements. Rural and suburban residents can also access life settlement services through licensed brokers and online platforms.
Licensing Requirements in Georgia
Georgia requires life settlement providers and brokers to hold valid licenses issued by the Georgia Department of Insurance. Applicants must meet established qualification and compliance standards, and licensees are subject to ongoing regulatory requirements.
When working with LifeSettlementEstimate.com, you can be confident that we connect you only with licensed and vetted buyers and brokers who meet Georgia's regulatory requirements. Verifying licensure is a critical first step before entering into any life settlement transaction — and one we handle on your behalf.
Waiting Period Rules in Georgia
Georgia requires that a life insurance policy be in force for at least two years before it may be transferred through a life settlement. Exceptions apply for terminal illness, chronic illness, and other qualifying circumstances.
Consumer Protections for Georgia Residents
Georgia law requires providers to deliver written disclosures to sellers, outlining the transaction details and the seller's rights. A rescission period following contract signing gives sellers the opportunity to reconsider without penalty.
What Your Policy Might Be Worth in Georgia
Life settlement offers vary widely based on individual circumstances. As a general industry benchmark, policyholders typically receive offers ranging from 10% to 30% of the policy's face value — and in some cases more, depending on the insured's age, health status, policy type, and premium obligations.
For example, a $500,000 policy in Georgia could potentially generate a life settlement offer between $50,000 and $150,000 — compared to far less (or nothing) if the policy were simply lapsed or surrendered. These are industry-typical ranges and not guarantees. Your actual offer will depend entirely on your specific circumstances.
Important Disclosure
The ranges provided are general industry estimates and educational in nature. No specific payout is guaranteed. Actual offers depend on your policy details, health information, and buyer demand at the time of transaction. LifeSettlementEstimate.com does not guarantee any specific offer amount.
The best way to get an accurate picture of your policy's potential value is to start with a free, no-obligation estimate.
Tax Considerations in Georgia
Georgia has a state income tax, and gains from a life settlement above the policy's adjusted cost basis may be subject to state taxation in addition to federal income taxes. Georgia residents should consult a qualified tax professional before proceeding.
Tax Disclaimer
The above is general educational information and does not constitute tax advice. Tax laws are complex and subject to change. Please consult a licensed CPA or tax attorney before completing any life settlement transaction to understand the full tax implications of your specific situation.
How the Life Settlement Process Works
Get a Free Estimate
Use LifeSettlementEstimate.com to receive a preliminary valuation of your policy. There's no personal information required beyond the basics, and no obligation to proceed.
Submit Policy Details
If you decide to move forward, you'll submit your policy information and complete a brief medical authorization. Our team gathers records and prepares your file for buyers.
Receive Competitive Offers
Your policy is presented to our network of 50+ licensed buyers in Georgia and across the country. Multiple offers are collected and presented to you for comparison.
Accept or Decline
You are never obligated to accept any offer. If you accept, the closing paperwork is handled, and funds are typically received within 30–60 days of final approval.
See our full How It Works guide for a complete walkthrough of the life settlement process.
Why Use LifeSettlementEstimate.com in Georgia?
LifeSettlementEstimate.com was built around one core principle: policyholders deserve transparent, unbiased information before making a major financial decision. We are an educational-first platform, not a high-pressure sales operation.
For residents of Georgia in cities like Atlanta, Savannah, and beyond, our platform offers a compliance-first approach — connecting sellers with licensed, vetted buyers who operate within Georgia's regulatory framework.
Free Estimate
No cost to get your initial policy valuation
No Obligation
You decide if and when to proceed
50+ Vetted Buyers
Competitive offers from licensed GA buyers
Compliance-First
HIPAA-compliant, fully transparent process
A Georgia Resident's Story
Thomas Abernathy, 70
Savannah, Georgia
"Thomas, a retired architect from Savannah, had a $350,000 universal life insurance policy he had carried throughout his career. As he reviewed his retirement finances, he realized he was paying significant premiums for a benefit that had largely been fulfilled through other estate planning vehicles. A local financial advisor recommended looking into life settlements, and Thomas started his research at LifeSettlementEstimate.com."
This is a fictional illustrative scenario. It does not represent an actual client or guaranteed outcome.
Frequently Asked Questions — Georgia
Get a Free Life Settlement Estimate in Georgia
Ready to find out what your policy may be worth? Our free estimate takes just minutes — with no obligation, no pressure, and no cost. Join Atlanta and Augusta residents who have already used LifeSettlementEstimate.com to make informed decisions about their life insurance.
Free estimate · No obligation · Georgia licensed buyers · HIPAA compliant