Selling Your Life Insurance Policy in Texas Through a Life Settlement
Thinking about selling your life insurance policy in Texas? Trust Life Settlements works as an independent Flat-Fee life settlement broker, presenting eligible policies to institutional buyers across the market to secure competitive offers and help Texas policyowners keep more of their settlement proceeds.
Can I Sell My Life Insurance Policy in Texas?
Texas adopted life settlement regulation relatively recently in 2011, but the state's massive insurance market — second only to California — quickly made it a top destination for institutional buyers. The state's large energy-sector retirees and ranchers often hold significant whole life and universal life policies. Texas's business-friendly environment attracts settlement providers, increasing competition for sellers.
Texas strictly enforces the 2-year contestability waiting period, meaning policies must have been in force for at least 24 months. The state also requires that all written offers remain open for a minimum period, giving sellers time to compare.
Texas Life Settlement Regulations
Life settlements in Texas are regulated by the Texas Department of Insurance, providing consumer protections at every step.
State Regulated
Yes
Licensing Required
Yes
Disclosure Required
Yes
Rescission Period
15 days
What Texas Policyholders Should Know
Texas regulates life settlements under Chapter 1111A of the Texas Insurance Code.
Brokers must hold a life settlement broker license from the Texas Department of Insurance.
Sellers must receive disclosure of all offers, fees, and alternatives in writing.
A 15-day rescission period applies after signing a life settlement contract.
Average Settlement in Texas
20% of face value
Compared to 2–5% cash surrender value from your insurer
How the Process Works in Texas
Free Review
Contact us for a no-obligation policy review. We confirm your Texas 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 Texas law to change your mind.
Texas Life Settlement FAQ
Is a life settlement legal in Texas?
Yes. Texas has regulated life settlements since 2011. Both brokers and providers must be licensed by the Texas Department of Insurance.
How much can I get for my policy in Texas?
Settlement amounts typically range from 10% to 35% of face value, depending on age, health, policy type, and premium obligations. The average in Texas is around 20% of face value.
Does Texas have a waiting period after policy purchase?
Texas requires policies to be in force for at least 2 years before they can be settled, consistent with the standard contestability period.
Ready to Explore Your Options in Texas?
Get a free, no-obligation policy review from a licensed life settlement broker. We disclose everything in writing before you commit.