Selling Your Life Insurance Policy in Louisiana Through a Life Settlement
Louisiana policyowners thinking about selling a life insurance policy can count on Trust Life Settlements. As an independent Flat-Fee life settlement broker, we bring eligible policies to institutional buyers who vie to provide competitive offers, helping Louisiana sellers hold onto more of their settlement proceeds.
Can I Sell My Life Insurance Policy in Louisiana?
Louisiana's growing retiree population — particularly along the Gulf Coast and in the Baton Rouge and New Orleans metro areas — increasingly holds universal life and whole life policies purchased during peak earning years that are now costly to maintain on fixed incomes. The Louisiana Department of Insurance actively oversees viatical and life settlement activity through Regulation 58, requiring annual reporting and comprehensive disclosure even when no transactions occur during the year.
Louisiana's framework requires brokers to provide written disclosure of all compensation and alternatives before taking an application. The 15-day rescission period is unconditional. Licensed life insurance producers can act as viatical settlement brokers by filing written notice with the Department — no separate license fee is required under that route.
Louisiana Life Settlement Regulations
Life settlements in Louisiana are regulated by the Louisiana Department of Insurance, providing consumer protections at every step.
State Regulated
Yes
Licensing Required
Yes
Disclosure Required
Yes
Rescission Period
15 days
What Louisiana Policyholders Should Know
Louisiana regulates life settlements under the Viatical Settlements Act (La. R.S. 22:1791–1805) and Regulation 58.
Brokers must hold a viatical settlement broker license or a life insurance producer license with written notice filed with the Department.
Full written disclosure of compensation, offers, and alternatives is mandatory before any transaction.
Sellers have a 15-day rescission period to cancel after signing the settlement agreement.
Annual reports must be filed by March 1 each year, even if no transactions occurred.
Average Settlement in Louisiana
19% of face value
Compared to 2–5% cash surrender value from your insurer
How the Process Works in Louisiana
Free Review
Contact us for a no-obligation policy review. We confirm your Louisiana policy meets basic eligibility criteria.
Medical Records
With your authorization, we gather medical records to help buyers evaluate your policy's value.
Competitive Bidding
Your case is submitted to 20+ licensed institutional buyers. All offers are presented to you in writing.
Close & Get Paid
Review, accept, and close. You have a full rescission period under Louisiana law to change your mind.
Louisiana Life Settlement FAQ
Is a life settlement legal in Louisiana?
Yes. Louisiana regulates life settlements under its Viatical Settlements Act (La. R.S. 22:1791–1805). Both brokers and providers must be licensed by the Louisiana Department of Insurance.
Does Louisiana use the term 'life settlement' or 'viatical settlement'?
Louisiana uses the term 'viatical settlement' broadly to encompass both traditional viatical and life settlement transactions. The same licensing and consumer protection rules apply regardless of the insured's health status.
What protections do Louisiana sellers have?
Louisiana requires full written disclosure of all compensation, offers, and alternatives before a transaction. Sellers also have a 15-day rescission period to cancel after signing with no penalty.
Ready to Explore Your Options in Louisiana?
Get a free, no-obligation policy review from a licensed life settlement broker. We disclose everything in writing before you commit.