Selling Your Life Insurance Policy in Massachusetts Through a Life Settlement
Curious about selling your life insurance policy in Massachusetts? Trust Life Settlements functions as an independent Flat-Fee life settlement broker, placing eligible policies before institutional buyers to attract competitive offers and help Massachusetts policyowners hold onto more of their settlement proceeds.
Can I Sell My Life Insurance Policy in Massachusetts?
Massachusetts has one of the most educated and affluent senior populations in the country, with many retirees from the biotech, finance, and higher education sectors. The state's requirement to disclose all alternatives — including accelerated death benefits and policy loans — ensures sellers make fully informed decisions. Boston's concentration of financial advisors means many referrals come through professional channels.
Massachusetts explicitly allows trust-owned policies to be settled, provided the trustee has transfer authority. This is significant because many MA policyholders placed coverage into irrevocable life insurance trusts (ILITs) for estate planning. The state also requires disclosure of reduced paid-up options, which some sellers find preferable to a full settlement.
Massachusetts Life Settlement Regulations
Life settlements in Massachusetts are regulated by the Massachusetts Division of Insurance, providing consumer protections at every step.
State Regulated
Yes
Licensing Required
Yes
Disclosure Required
Yes
Rescission Period
15 days
What Massachusetts Policyholders Should Know
Massachusetts regulates life settlements under M.G.L. Chapter 175M.
Both brokers and providers must be licensed by the Division of Insurance.
Full disclosure of compensation, offers, and buyer identity is required.
A 15-day rescission right protects sellers after contract execution.
Average Settlement in Massachusetts
21% of face value
Compared to 2–5% cash surrender value from your insurer
How the Process Works in Massachusetts
Free Review
Contact us for a no-obligation policy review. We confirm your Massachusetts 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 Massachusetts law to change your mind.
Massachusetts Life Settlement FAQ
Is a life settlement legal in Massachusetts?
Yes. Massachusetts has a comprehensive life settlement statute that requires licensing and full disclosure protections for policy sellers.
What makes Massachusetts regulations unique?
Massachusetts requires brokers to provide disclosure of all reasonable alternatives to a life settlement, including accelerated death benefits, policy loans, and reduced paid-up options.
Can I sell a policy held in a trust in Massachusetts?
Yes, if the trust is the policy owner and the trustee has authority to transfer the policy. The settlement proceeds would go to the trust rather than to the insured individual directly.
Ready to Explore Your Options in Massachusetts?
Get a free, no-obligation policy review from a licensed life settlement broker. We disclose everything in writing before you commit.