Frequently asked questions

Yes. In 1911, the U.S. Supreme Court (Grigsby v. Russell) recognized that a life insurance policy is personal property its owner has the legal right to sell, assign, or transfer.

Most candidates are 70 or older and have re-evaluated whether they still need their policy — often because premiums have become unaffordable or the original reason for the coverage no longer applies.

Yes — that's called a viatical settlement, and it follows a similar process. See our Viatical Settlements page for details.

Universal life, whole life, variable universal life, term, and convertible term policies qualify, including joint and second-to-die policies issued by U.S. insurers.

Most qualifying policies have a face value of $50,000 or higher, though every policy is reviewed individually.

That's entirely up to you. Some people who sell a policy choose to apply for new coverage afterward; a licensed insurance professional can walk you through what that would look like for your situation.

It's not recommended. Life settlements are complex legal and financial transactions, with compliance requirements and a buyer marketplace that's difficult to navigate without experience.

No. Shopping your policy to multiple brokers at the same time can work against you — buyers often decline to bid on a policy they know is being shopped elsewhere, which tends to mean lower offers and slower timelines, not better ones.

We work with an established network of licensed investors who purchase policies as part of diversified portfolios.

Once your buyer confirms the change of ownership with your insurance carrier, funds are typically released from escrow within 72 hours.

It depends on your age, health, policy type, face value, and premium cost — but a life settlement typically returns a significant percentage of the policy's face value, well above its cash surrender value.

No upfront fees. Any fees involved in a sale are fully disclosed early in the process, before you commit to anything.

No. Once the sale closes, the buyer takes over all future premium payments.

Proceeds are generally tax-free up to your policy's original cost basis; amounts above that may be taxable. Speak with a tax professional about your specific situation.

It's simpler, but it typically returns far less than a life settlement, and a settlement provider handles most of the paperwork on your behalf either way.

No. Once you receive your proceeds, there are no restrictions on how you use them.

There's no cost to get an estimate, every offer is non-binding until you sign, and funds move through a third-party escrow service rather than directly between you and the buyer.

Yes. Personal and medical information is handled under detailed privacy and confidentiality procedures — see our Privacy Policy for details.

Most states provide a reconsideration period of 15 to 30 days after you receive your funds, during which you can rescind the transaction. This varies by state — see our Compliance & Disclosures page.