If you're 65 or older and no longer need the coverage, you may be able to sell it for a cash lump sum.
A policy you no longer need — or can no longer afford — may qualify to be sold for a cash lump sum, often more than its surrender value. This guide explains how it works, whether you might qualify, and exactly what to expect. No pressure, no obligation.
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When a life insurance policy no longer fits your life, you're usually told there are just two things you can do.
There's a third option — and most people are never told about it.
A life insurance policy is something you own — and it can be sold. Through a life settlement, an institutional buyer purchases your policy for a cash lump sum, often more than its surrender value, and takes over the premiums from there.
A cash lump sumYour life insurance policy is an asset you own — like a home or a car. And like any asset, it can be sold to someone willing to buy it. That sale is called a life settlement, and it's a straightforward exchange.
Held to term, a policy can be a sound long-term investment — which is why serious institutions buy them.
This isn't new, and it isn't a loophole. Life settlements are a regulated part of the financial market, and the buyers are established institutions — pension funds and investment firms, not individuals. You work with one specialist throughout, and you're never obligated to accept an offer.
There's no way to know for certain without a quick look at your policy — but these are the things that matter most, and why.
Life settlements are generally for policyholders later in life — that's when a policy tends to be worth more to a buyer.
It needs to be active and in your name. Most types of coverage can qualify.
Whole and universal life qualify most easily. Term life can too, as long as it can still be converted to permanent coverage.
Bigger policies draw more interest from buyers. Smaller ones can still qualify — so it's always worth checking.
One more thing that can helpIf your health has changed since you bought the policy, it may be worth more — but that is never required, and you'll only ever share what you're comfortable with.
If a few of these sound like you, it's worth a look. The only way to know for certain is a quick, free check of your policy.
About 60 seconds · Free · No obligationGetting started takes about 60 seconds. From there, a real person at Lifestone handles the work — and you step back in only for the decision that matters.
Answer a few questions about your policy — your age, the type of coverage, and a little about your health. No documents needed to begin.
A real person looks over your details and reaches out to confirm a few things. It's a conversation, not a sales pitch.
We present it to institutional buyers and see what they'll offer. You only ever deal with us — one point of contact, start to finish.
If a buyer makes an offer that fits, we bring it to you and explain it in plain terms — what it means, and what happens next.
Accept it, or walk away — for any reason, at any time. Nothing is ever locked in until you say so.
That's the whole process. The hardest part is the minute it takes to begin.
You're being asked about your life insurance and your money — a little doubt is healthy. So here are honest answers to what people usually wonder.
“This sounds too good to be true.”
It isn't a giveaway — it's a trade. A buyer pays you now because, held over the long term, the policy can be a sound investment for them. You get cash for coverage you no longer need; they get a long-term asset. Both sides come out ahead, which is exactly why the market exists.
“Is this even legal?”
Yes. Life settlements are a regulated part of the financial market, with consumer protections built to look out for the person selling. They've been around for decades.
“What's the catch?”
There's no cost to find out what your policy could be worth, and no obligation to accept anything. If an offer doesn't work for you, you walk away and nothing changes.
“Who am I actually dealing with?”
Lifestone is a family firm. From your first question to your final decision, you work with one real specialist — the same person, not a call center.
It depends on several things — your age, your health, the type and size of your policy, and what buyers are paying for similar policies at the time. There’s no way to know without a real review, and that review is free.
No. Reviewing your policy and finding out whether it qualifies is completely free, and you’re never obligated to accept an offer.
It varies. Getting started takes about 60 seconds; a full review depends on how quickly your policy and health information come together, and on the buyer’s response. Your specialist walks you through the timeline up front, so there are no surprises.
When you sell, the buyer takes the policy over — they pay the premiums from then on and receive the benefit in time. You no longer hold the policy or pay for it, and you receive a cash lump sum instead. If you still need some coverage, that’s worth talking through before you decide.
Not to begin. You can start with just a few basic details. If you decide to move forward, your specialist helps you gather any paperwork — you don’t have to dig it all up on your own.
It depends on your individual situation. Part of what you receive may be taxable and part may not be — your specialist can walk you through what applies, and it’s always worth confirming with your own tax advisor.
You've seen what a life settlement is, who buys these policies, and how the process works. The last step is the easiest one — find out what your policy could be worth. About 60 seconds, free, and no obligation.
See what your policy could be worthPrefer to talk it through first? (954) 933-2412 · Mon–Fri 9am–5pm ET
