Sell My Life Insurance Policy for Cash
Your life insurance policy may be worth significantly more than its cash surrender value. We help you sell it to licensed institutional buyers — with a flat fee you know upfront.
What Does It Mean to Sell a Life Insurance Policy?
A life settlement is the sale of an existing life insurance policy to a third-party buyer for a lump-sum cash payment. The buyer assumes future premium payments and receives the death benefit when the policy matures. You receive cash today — typically 4x to 10x more than what the insurance company would pay in cash surrender value.
Life settlements are legal, regulated in most states, and have been available since a 1911 Supreme Court ruling. Today, the secondary life insurance market exceeds $5.8 billion in annual transactions.
At Trust Life Settlements, we broker your policy to multiple institutional buyers and charge a predetermined capped fee based on the amount of the offer — not a percentage of your life settlement offer or the face amount. That means more money stays with you.
Who Can Sell Their Life Insurance Policy?
Most sellers share a few common characteristics. You may qualify if you meet one or more of the following:
Not sure if you qualify? Take our quick eligibility check or use our calculator to estimate your policy's value.
How to Sell Your Life Insurance Policy
Submit Your Policy Details
Share basic information about your policy — face value, type, and premiums. We'll review it at no cost and with no obligation.
Start with our calculatorReceive Competitive Offers
We market your policy to a network of licensed institutional buyers. You receive multiple offers to compare — transparently.
See how the process worksAccept and Get Paid
Choose the best offer. Once the paperwork is complete, funds are deposited directly. Our flat fee is paid from the proceeds at closing — you never pay out of pocket.
View our fee structureSelling vs. Surrendering Your Policy
Many policyholders don't realize they have a choice. Here's how selling compares to surrendering back to the insurance company:
| Factor | Selling (Life Settlement) | Surrendering |
|---|---|---|
| What you receive | 4x–10x more than cash surrender value | Only the cash surrender value |
| Who pays | Institutional buyer pays a lump sum | Insurance company returns minimal value |
| Broker fee | Predetermined capped fee — transparent, known upfront, paid from proceeds at closing | No broker, but far less money overall |
| Premiums | No more premium payments after closing | No more premium payments |
| Timeline | Typically 60–90 days | Days to weeks |
Why Our Flat-Fee Model Puts More Cash in Your Pocket
Many traditional life settlement brokers charge percentage-based fees that may equal approximately 20%–30% of settlement proceeds. On a $300,000 settlement, that could mean $60,000–$90,000 in brokerage fees — significantly reducing what you receive.
We charge a predetermined capped fee based on the amount of the offer. For the same $300,000 offer (Tier 3), our fee is $30,000 — and for larger offers, our maximum fee is capped at $60,000 regardless of the policy or offer size.
Fee Known Upfront
No surprises at closing
No Percentage
Our incentive is your best offer
$60K Maximum
Capped regardless of policy size
See real examples: Case Studies | Flat Fee vs. Broker Commission
Common Questions About Selling Your Policy
Is selling my life insurance policy legal?
Yes. Life settlements are legal and regulated in most U.S. states. The right to sell a policy has been upheld since the Supreme Court's 1911 Grigsby v. Russell decision.
Check your state's regulationsHow much is my policy worth?
Settlement offers typically range from 20%–60% of the policy's face value, depending on age, health, policy type, and premiums. Most sellers receive 4x–10x more than the cash surrender value.
Estimate your policy valueWhat types of policies can I sell?
Universal life, whole life, variable life, and convertible term policies are all eligible. The policy should have a face value of at least $100,000.
Learn about qualificationAre there tax implications?
Yes, proceeds from a life settlement may be subject to taxes. The treatment depends on your cost basis and the amount received. We recommend consulting a tax advisor.
Read about tax implicationsHow long does the process take?
Most life settlements close within 60–90 days from start to finish. The timeline depends on medical record retrieval and buyer review.
See the full processHave more questions? Visit our full FAQ or browse the glossary.
Related Resources
Ready to Find Out What Your Policy Is Worth?
There's no cost, no obligation, and no percentage surprises. Get a transparent valuation from a flat-fee broker who works for you.