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.
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.