Selling Your Life Insurance Policy in Florida Through a Life Settlement
Considering selling your life insurance policy in Florida? Trust Life Settlements is an independent Flat-Fee life settlement broker that markets eligible policies to multiple institutional buyers to seek competitive offers while helping Florida policyowners keep more of their settlement proceeds.
Florida Agency License #L138500
Can I Sell My Life Insurance Policy in Florida?
Florida was among the first states to regulate life settlements, with the viatical settlement industry emerging here in the early 1990s. Today, Florida's large senior population — estimated at over 4.8 million residents aged 65 and older according to U.S. Census Bureau data — contributes to one of the most active life settlement markets in the country. Many of these residents relocated from northern states with existing life insurance policies that no longer align with their retirement needs in Florida.
Many Florida retirees carry universal or whole life policies purchased decades ago for income replacement, estate planning, or business needs. As premiums rise with age, those policies can become hard to keep. Before surrendering or lapsing a policy, a Florida policyowner can sell it through a life settlement to a licensed institutional buyer for a lump-sum cash payment that is often greater than the cash surrender value, though less than the full death benefit. The buyer then pays all future premiums and becomes the policy's beneficiary.
Florida's established regulatory infrastructure and the familiarity of institutional buyers with the Florida market may contribute to an efficient transaction process. No statutory minimum face value exists, so policies with face values as low as $50,000 may potentially be eligible depending on the insured's age, health, and premium costs. As with any life settlement, actual timelines and offers vary based on individual circumstances.
Florida Life Settlement Regulations
Life settlements in Florida are regulated by the Florida Office of Insurance Regulation under the Florida Life Settlement Act (Florida Statutes Chapter 626, Part X), providing consumer protections at every step of the transaction.
State Regulated
Yes
Licensing Required
Yes
Disclosure Required
Yes
Rescission Period
15 days
What Florida Policyholders Should Know
Florida was among the first states to regulate life settlements, establishing the Florida Life Settlement Act (F.S. Chapter 626, Part X).
Life settlement providers (buyers) are licensed by the Florida Office of Insurance Regulation (FLOIR), and brokers must be licensed through the Florida Department of Financial Services.
Sellers receive written disclosure of all offers and competing bids before accepting.
A 15-day right to rescind allows sellers to cancel any signed settlement agreement without penalty.
No statutory minimum face value exists, so policies as low as $50,000 may be eligible depending on other factors.
Florida's large retiree population contributes to one of the most active life settlement markets in the country.
Typical Settlement Range in Florida
Offers often exceed the policy's cash surrender value
Actual amounts depend on age, health, policy type, and premiums. Request a free policy review for a personalized assessment.
Florida Life Settlement Broker Fees: Flat-Fee vs. Percentage Commission
Traditional brokerage compensation may be percentage-based and varies by broker, transaction, and applicable law. With a percentage-based model, the higher your settlement offer, the more you pay in broker fees.
Trust Life Settlements uses a different approach. Your settlement amount determines which of Trust's five Flat-Fee tiers applies. The broker fee is the fixed dollar amount assigned to that tier rather than a percentage of the settlement proceeds. This structure is disclosed in writing before you commit and paid from settlement proceeds at closing — never out of pocket.
Trust Life Settlements Five-Tier Flat-Fee Schedule
| Settlement Offer / Proceeds | Flat-Fee |
|---|---|
| $0 – $100,000 | $6,000 |
| $100,001 – $250,000 | $15,000 |
| $250,001 – $500,000 | $30,000 |
| $500,001 – $750,000 | $45,000 |
| $750,001+ | $60,000 |
Maximum fee: $60,000. Fees are paid from settlement proceeds at closing — never out of pocket. View full pricing details
Illustrative Florida Example: How the Flat-Fee Model Works
This is a hypothetical illustration only — not a guarantee of any specific settlement amount, fee, or net proceeds.
Settlement Offer
$185,000
Trust Flat-Fee
$15,000
Net Before Other Costs/Taxes
$170,000
By comparison, a hypothetical percentage-based broker charging 25% of the same $185,000 settlement would deduct $46,250 — leaving $138,750 before other applicable costs and taxes. Learn more about true Flat-Fee brokerage
Florida Life Settlement Broker vs. Provider: What's the Difference?
Life Settlement Broker
A life settlement broker represents the policyowner and seeks offers from multiple licensed providers (buyers) in the secondary market. The broker's role is to advocate for the seller by generating competitive offers and providing transparent disclosure of all bids received.
Life Settlement Provider
A life settlement provider (also called a buyer or funder) is on the purchasing side of the transaction. Providers evaluate policies and submit offers to acquire them. When a policyowner works directly with a single provider, they may not see competing offers.
Trust Life Settlements acts as the policyowner's broker and does not purchase policies for its own account. By representing the seller — rather than the buyer — Trust seeks competitive offers from a network of institutional providers, presents all bids in writing, and charges a transparent Flat-Fee rather than a percentage commission.
A Florida Life Settlement Broker Serving Policyowners Statewide
Trust Life Settlements, LLC is headquartered in the Orlando, Florida area and serves policyowners throughout the state. As a Florida-based, independent life settlement broker, Trust is positioned within one of the nation's most active life settlement markets and maintains relationships with institutional buyers who actively seek Florida policies.
Trust operates under Florida's life settlement laws overseen by the Florida Office of Insurance Regulation, and provides every Florida client with full written disclosure of fees, offers, and alternatives before any commitment is made.
Florida Licensing
Trust Life Settlements, LLC is a Florida licensed insurance agency, License #L138500, issued September 24, 2026, by the Florida Department of Financial Services.
Florida licensing information can be independently verified through the Florida Department of Financial Services Licensee Search.
Trust Life Settlements, LLC1500 Park Center Drive #140
Orlando, FL 32835
(800) 216-2513
Reviewed by the Trust Life Settlements licensing team · Last updated
How the Life Settlement Process Works in Florida
Free Review
Contact us for a no-obligation policy review. We confirm your Florida policy meets basic eligibility criteria and explain the process.
Medical Records
With your authorization, we gather medical records to help institutional buyers evaluate your policy's value.
Competitive Bidding
Your case is submitted to multiple licensed institutional buyers. All offers are presented to you in writing.
Close & Get Paid
Review, accept, and close. Florida law provides a 15-day rescission period to change your mind after signing.
Serving Policyowners Throughout Florida
Trust Life Settlements works with policyowners across the entire state of Florida. Whether you live in a major metro area or a smaller community, our process is conducted remotely and does not require in-person meetings. We serve policyowners in communities including:
Don't see your area? Contact us — we serve policyowners in all 67 Florida counties.
Florida Life Settlement FAQ
Can I sell my life insurance policy in Florida?
Yes. If you own a life insurance policy and meet basic eligibility criteria — typically age 65 or older or with a qualifying health change — you may be able to sell your policy through a life settlement in Florida. The transaction is fully regulated under the Florida Life Settlement Act.
Are life settlements legal in Florida?
Yes. Florida has comprehensive life settlement regulations under Florida Statutes Chapter 626, Part X. Providers are licensed by the Florida Office of Insurance Regulation, brokers are licensed through the Florida Department of Financial Services, and full disclosure of all offers is required by law.
Who qualifies for a life settlement in Florida?
Eligibility depends on several factors including the insured's age, health status, policy type, and face value. Most successful settlements involve policyholders aged 65 or older with permanent life insurance (whole life or universal life). Younger individuals with significant health changes may also qualify. Convertible term policies may be eligible if they can be converted to permanent coverage.
How much is my life insurance policy worth in Florida?
Life settlement values vary based on age, health, policy type, face value, and annual premium costs. Settlement amounts typically range from 10% to 35% of the policy's face value — significantly more than the cash surrender value offered by most insurance carriers. Request a free policy review for a personalized assessment, or use our online estimator for a preliminary indication.
What types of life insurance policies can be sold in Florida?
Whole life, universal life (including indexed and variable universal life), and convertible term life insurance policies can all potentially qualify for a life settlement in Florida. Pure term policies without a conversion option generally do not qualify. Group policies converted to individual coverage may also be eligible.
Can a term life insurance policy be sold in Florida?
A term life insurance policy can qualify for a life settlement in Florida if it includes a conversion option that allows conversion to permanent coverage. The conversion privilege is what gives the policy value to institutional buyers. Pure term policies without conversion options generally do not qualify.
How long does a Florida life settlement take?
Most Florida life settlement transactions close within 60 to 120 days from the initial policy review. The timeline depends on how quickly medical records can be obtained, the complexity of the policy, and buyer underwriting timelines. Trust Life Settlements keeps clients informed at every stage.
How much does a Florida life settlement broker charge?
Trust Life Settlements uses a five-tier Flat-Fee structure based on the settlement offer amount rather than a percentage commission. Fees range from $6,000 to a maximum of $60,000, depending on which tier the settlement amount falls into. This structure is disclosed in writing before you commit and paid from settlement proceeds at closing — never out of pocket.
Can I reject a life settlement offer?
Absolutely. You are under no obligation to accept any offer. All offers are presented to you in writing, and you decide whether to proceed. Even after signing a settlement agreement, Florida law provides a 15-day rescission period during which you can cancel for any reason.
What is the difference between a Florida life settlement broker and a provider?
A life settlement provider (or buyer) is on the purchasing side of the transaction — they buy the policy. A life settlement broker represents the policyowner and seeks offers from multiple providers to find competitive pricing. Trust Life Settlements acts as the policyowner's broker and does not purchase policies for its own account.
What happens to my policy after I sell it?
After a life settlement closes, ownership and beneficiary designations transfer to the buyer. The buyer becomes responsible for paying all future premiums. You receive the agreed-upon settlement amount, which is typically paid via wire transfer. You no longer have any obligations related to the policy.
Are life settlement proceeds taxable?
Life settlement proceeds may be subject to federal income tax. The tax treatment depends on your cost basis (total premiums paid) relative to the settlement amount and the policy's cash surrender value. Florida does not impose a state income tax, so Florida residents are not subject to state-level taxation on settlement proceeds. We recommend consulting a qualified tax advisor for guidance specific to your situation.
Have more questions? View our full FAQ or get in touch.
Before You Surrender or Lapse Your Policy, Find Out What It May Be Worth
Request a confidential policy review. We can evaluate whether your policy may qualify for the secondary market and, if appropriate, seek competitive institutional offers.