FAQS

Frequently Asked Questions
What is a life settlement?

A life settlement is a financial transaction in which a policy owner sells an unneeded life insurance policy for more than its surrender value.

Does it cost anything to find out if I qualify?

No — our policy value check is completely free and carries no obligation.
We’ll simply review your policy details and tell you what offers you might qualify for.

How long does the process take?

Most life settlements close within 4 to 6 weeks, depending on how quickly your insurance company provides policy details and medical records.
Our advisors handle all paperwork and updates along the way.

How do I get started?

It’s easy: Call 954-317-9716

    A licensed EverLife Financial advisor will review your information and help you understand every option before you make any decisions.

    Will I still have life insurance after selling my policy?

    If you sell the full policy, the new owner becomes the beneficiary.
    However, some seniors choose a retained death benefit option, which lets you keep a portion of the coverage with no future premiums.

    Is selling my life insurance legal and safe?

    Yes. Life settlements are regulated by state law and overseen by insurance departments.
    EverLife Financial works only with licensed life settlement providers and trusted industry partners like Coventry First — the top-ranked life settlement company in the U.S.

    How much money could I receive from a life settlement?

    Every policy is different, but many seniors receive four to ten times more than the surrender value from their insurance company.
    We’ll provide a personalized estimate with no fees or obligations so you can see your options clearly.

    What happens if I let my life insurance policy lapse?

    If you stop paying premiums and let your policy lapse, it usually expires with no payout.
    That means all the money you invested over the years is gone.
    A life settlement gives you a way to recover that value before it disappears.

    Why would someone sell their life insurance policy?

    Life changes. Premiums become harder to afford, or the original reason for the policy (like protecting family or covering a mortgage) may no longer apply.
    By selling your policy, you can unlock the cash value you’ve built and use it for what matters most — medical bills, retirement income, or simply enjoying life.

    Who qualifies for a life settlement?

    Most people who are 65 or older with a life insurance policy of $100,000 or more may qualify.
    Eligibility depends on factors like your age, health, policy type, and coverage amount.
    We offer a free, no-obligation policy value check to help you find out quickly.

    How much can I expect to receive if I sell my policy?

    Policyowners who choose to sell their life insurance policy receive on average more than four times what they would receive from surrendering their policy back to the life insurance company (London Business School Study, June 2013). Every case is different, however, and the size of the payment is determined by variables such as your health, the type of insurance policy you have and the policy’s premiums.