Life Settlements Blog
You are here: / Life Settlements Blog

Selling Life Insurance After Mesothelioma Diagnosis

, , ,
Infographic explaining how selling life insurance after mesothelioma diagnosis can help cover medical bills, care expenses, and financial needs.

Following a mesothelioma diagnosis, many patients and their families are confronted with not only complex treatment decisions but also the financial burden that often comes with serious illness. Selling life insurance after mesothelioma diagnosis can offer a practical solution by turning an existing policy into immediate funds to help manage medical costs, household expenses, or other financial priorities during this difficult time.

Understanding Mesothelioma and Life Expectancy

Mesothelioma is a rare and aggressive cancer, most commonly caused by exposure to asbestos. It primarily affects the lining of the lungs (pleural mesothelioma) but can also develop in the lining of the abdomen (peritoneal mesothelioma) or other areas. Because mesothelioma is often diagnosed in later stages, it carries a limited life expectancy. Many patients face survival periods of 12 to 24 months after diagnosis, though some may live longer depending on the type of mesothelioma, age, overall health, and available treatment options.

The serious nature of this illness is one reason why selling life insurance after mesothelioma diagnosis may be an option for many policyholders. Life settlement providers often consider the reduced life expectancy when evaluating a policy, which can result in higher offers compared to individuals with chronic but less severe conditions.

Who May Qualify to Sell Life Insurance After Mesothelioma Diagnosis

Eligibility for selling a life insurance policy after mesothelioma diagnosis depends on several factors, including:

  • The stage and type of mesothelioma
  • The insured’s age and overall health
  • Life expectancy projections based on medical records
  • The face amount of the policy
  • The type of policy (universal, whole life, or convertible term)

Because mesothelioma is classified as a terminal or life-limiting condition in most cases, many individuals meet the qualifying criteria for a life settlement or viatical settlement.

Common Treatments for Mesothelioma

While there is no cure for mesothelioma, advances in treatment have provided options to help slow progression and manage symptoms. Some of the common therapies include:

  • Chemotherapy (such as cisplatin and pemetrexed)
  • Immunotherapy (including nivolumab and ipilimumab)
  • Surgery (pleurectomy/decortication or extrapleural pneumonectomy)
  • Radiation therapy
  • Clinical trials offering experimental treatments

Even with treatment, many patients experience significant financial strain from medical costs, travel for specialized care, loss of income, and ongoing living expenses.

How Selling Life Insurance After Mesothelioma Diagnosis Can Help

Selling a life insurance policy allows the policyholder to receive a lump sum cash payment that can be used immediately. Common uses for the funds include:

  • Paying for ongoing medical treatments
  • Covering in-home care or hospice expenses
  • Managing household bills and debts
  • Providing financial stability for loved ones
  • Funding travel, personal goals, or creating lasting memories

Unlike loans or borrowing against a policy, a life settlement provides funds without the obligation to repay, offering much-needed relief during a challenging time.

Next Steps

If you or a loved one is exploring options for selling life insurance after mesothelioma diagnosis, it’s important to work with experienced professionals who understand both the life settlement process and the sensitive nature of this illness. An evaluation can help determine eligibility and provide a clear understanding of the potential value your policy may offer.  Learn if you qualify in a short 5-10 minute phone call.  800-727-7654

Selling a Life Insurance Policy After a Cancer Recurrence

, , , ,
Infographic explaining how selling a life insurance policy after a cancer recurrence can help cover medical treatments, caregiving costs, and living expenses, with key eligibility criteria and required documents.

If you’re dealing with a second cancer diagnosis, you’re likely facing not only a new wave of medical decisions but also mounting financial concerns. Selling a life insurance policy after a cancer recurrence is one option that many people are unaware of, but it can offer substantial relief during a difficult time. A life settlement allows you to access the hidden value in your life insurance policy and receive a cash payout, which can be used for treatment, caregiving expenses, or simply to maintain your quality of life.

Unlike a policy loan or surrender, a life settlement can result in a significantly higher payout, especially for individuals whose health has changed. A recurrence of cancer often signals a more serious prognosis, which is a major consideration for life settlement purchasers.

Why a Cancer Recurrence May Qualify You

Many policyholders are surprised to learn that they didn’t qualify for a life settlement during their initial cancer treatment, but may now be eligible after a recurrence. Life expectancy is one of the primary factors evaluated in the settlement process. If your cancer has returned, spread to new areas, or stopped responding to standard treatments, your eligibility for a life settlement may have increased.

Life settlement providers typically consider:

  • The type and stage of cancer at recurrence
  • Whether the cancer is localized or metastatic
  • Current and past treatment history
  • Your age and overall health status
  • The size, type, and premiums of your policy

Cancers Commonly Considered for Life Settlements After Recurrence

While nearly any cancer type may qualify in advanced stages, some are particularly likely to be eligible when recurrence is involved:

Breast Cancer

Those facing recurrent estrogen receptor-positive breast cancer, especially with spread to the bones, liver, or brain, may be undergoing advanced treatment regimens such as Ibrance (palbociclib), Kisqali (ribociclib), or capecitabine. These patients often meet life settlement criteria due to reduced long-term survival rates.

Lung Cancer

Recurrent non-small cell lung cancer (NSCLC) or small cell lung cancer (SCLC) with limited treatment response or progression despite targeted therapy (e.g., Tagrisso, Alecensa) or immunotherapy (e.g., Keytruda, Opdivo) is typically eligible, particularly in cases with metastasis to the brain or adrenal glands.

Colorectal Cancer

If colorectal cancer returns after surgery or chemotherapy, especially with metastasis to the liver or peritoneum, and treatment includes drugs like Avastin, Lonsurf, or second-line chemotherapy, eligibility for a life settlement is likely.

Prostate Cancer

Men with recurrent or metastatic prostate cancer that has progressed despite hormone therapy (often requiring Xtandi, Zytiga, or chemotherapy) may meet the medical criteria for a life settlement, particularly when bone metastases are present.

Ovarian Cancer

Patients with platinum-resistant ovarian cancer undergoing treatment with Doxil, Lynparza, or bevacizumab are often facing a challenging prognosis and may benefit from unlocking the value of a life insurance policy.

What You’ll Need to Get Started

The process begins with an evaluation. You’ll need to provide:

  • A copy of your life insurance policy
  • An in-force illustration (provided by your insurance company)
  • Recent medical records showing your diagnosis and current condition
  • A list of current medications and treatment plans

These details help providers assess your eligibility and determine a fair market value for your policy.

How the Funds Can Be Used

There are no restrictions on how you use the proceeds from a life settlement. Many individuals use the funds for:

  • Specialized or out-of-network cancer treatments
  • Clinical trial expenses
  • In-home caregiving or hospice services
  • Travel to top cancer centers
  • Everyday living expenses
  • Reducing debt or supporting loved ones

A cancer recurrence is difficult enough without the added weight of financial uncertainty. A life settlement can give you back some control and allow you to focus on what matters most.

Selling a life insurance policy after a cancer recurrence is a path worth considering for those who need access to cash during a time of escalating medical costs and personal stress. If you or someone you care for is facing a second cancer diagnosis, it’s worth exploring whether your policy can offer more than peace of mind. It could provide meaningful financial relief when it’s needed most.

To learn if you qualify and for a no-obligation policy appraisal, please give us a call today.  800-727-7654

How Liver Disease May Qualify You for a Life Settlement

, ,
Infographic explaining how liver disease may qualify you for a life settlement, including eligible conditions, treatment costs, and ways funds can be used

For many seniors facing progressive health issues, a life insurance policy can be more than just a safety net for beneficiaries – it can become a valuable financial resource. If you’re living with a serious liver condition, knowing how liver disease may qualify you for a life settlement could open the door to much-needed financial relief. In many cases, individuals with moderate to advanced liver disease may be eligible to sell their life insurance policy for a lump sum, providing funds for treatment, caregiving, or other pressing expenses.

Understanding Life Settlements and Liver Disease

A life settlement involves selling an existing life insurance policy to a buyer in exchange for a cash payment that is more than the policy’s surrender value, but less than the full death benefit. This option is most commonly available to individuals over age 65 or those with significant health conditions that reduce life expectancy. Liver disease, especially when it progresses or becomes life-limiting, can often qualify.

Types and Stages of Liver Disease That May Qualify

Several types and stages of liver disease may impact life expectancy enough to qualify for a life settlement:

  • Cirrhosis – Particularly decompensated cirrhosis, which significantly impairs liver function and often leads to hospitalization or complications.
  • Chronic Hepatitis C – Especially if it has progressed to cause fibrosis or cirrhosis.
  • Nonalcoholic Steatohepatitis (NASH) – Advanced cases with liver scarring (fibrosis or cirrhosis) may qualify.
  • Liver Cancer (Hepatocellular Carcinoma) – Often qualifies when not treatable by surgery or transplant.
  • End-Stage Liver Disease (ESLD) – Patients with high MELD scores may be eligible for higher life settlement offers or for a viatical settlement.

Common Treatments and Financial Challenges

Managing liver disease often involves expensive treatments and long-term care. Depending on the stage and complications, patients may require:

  • Antiviral medications for hepatitis
  • Immunosuppressive drugs for autoimmune liver conditions
  • Lactulose or rifaximin to manage encephalopathy
  • Frequent procedures like paracentesis for fluid buildup
  • Cancer treatments, including immunotherapy, ablation, or targeted drugs

Even with insurance, out-of-pocket costs for medications, transportation, caregivers, or assisted living can be overwhelming.

Why Consider a Life Settlement?

A life settlement provides immediate access to cash that can be used to:

  • Pay for medical treatment and caregiving
  • Offset in-home care or assisted living expenses
  • Eliminate debt or relieve financial stress for loved ones
  • Explore alternative or advanced treatments not covered by insurance
  • Travel or just enjoy time with loved ones

For those dealing with liver disease, a life settlement can offer both financial and emotional relief at a difficult time.

If your health has slipped since taking out your life insurance policy, you may be reassessing your financial options. Learning how liver disease may qualify you for a life settlement could help you unlock the value of your policy when you need it most.  Your policy may hold a hidden value that can be converted into immediate funds to support your care and expenses.

To find out if you qualify, please give us a call at 800-727-7654 for a no-obligation policy review and appraisal.

Understanding Life Settlements for Neurodegenerative Diseases

, ,
Infographic illustrating the key concepts of understanding life settlements for neurodegenerative diseases, including how policyholders can sell their life insurance to access funds for care and support during illness

Understanding life settlements for neurodegenerative diseases is crucial for patients and families facing the emotional and financial burden of these progressive conditions. Neurodegenerative diseases such as Amyotrophic Lateral Sclerosis (ALS), Parkinson’s disease, Huntington’s disease, Alzheimer’s disease, and multiple system atrophy are marked by the gradual loss of nerve cell function, leading to cognitive and physical decline over time. These diseases often require long-term care, specialized medical equipment, and assistance with daily living, creating financial stress for families.

A life settlement offers a potential solution. It involves selling an existing life insurance policy to a third-party buyer for a lump-sum payment that is higher than the policy’s cash surrender value but less than the death benefit. Life settlements can provide immediate funds to cover mounting medical and care-related expenses, helping ease the financial strain.

How Neurodegenerative Diseases Affect Life Settlement Eligibility

Life settlements are generally available to individuals who meet certain criteria:

  • Age 65 or older, or younger with a significant qualifying health condition.
  • A life insurance policy with a face value of $100,000 or more.
  • A life expectancy typically between 2 to 10 years, which can result from a progressive disease like ALS or Huntingtons disease.  Shorter life expectancies can qualify for a viatical settlement which also provides a lump sum cash payment but is designed for terminally ill patients.

Neurodegenerative diseases often lead to functional decline, including loss of mobility, cognitive impairment, and progressive health deterioration. As the disease advances and life expectancy shortens, individuals may become eligible for higher life settlement offers.

For example:

  • ALS (Lou Gehrig’s disease) has an average life expectancy of 2 to 5 years post-diagnosis, often qualifying patients for significant offers.
  • Huntington’s disease, with a gradual progression but inevitable decline, may lead to eligibility in the mid to later stages.
  • Advanced Parkinsons disease can reduce life expectancy, particularly with complications like pneumonia or falls.

Case Study: ALS Patient Funding Home Care

Consider the case of John, a 58-year-old diagnosed with ALS. As his mobility declined, his wife could no longer care for him alone. John owned a $250,000 universal life insurance policy. After consulting a life settlement company, he sold the policy for $85,000. These funds were used to modify their home for wheelchair access and hire professional caregivers, dramatically improving his quality of life during his remaining years.

Key Considerations for Patients and Families

When considering a life settlement, patients with neurodegenerative diseases should:

  • Review the policy type: Term policies nearing expiration may still be eligible, especially if convertible; permanent policies (whole or universal life) are often more valuable.
  • Get a professional appraisal: An experienced life settlement company can assist you with learning the market value of a policy and estimate potential settlement offers.
  • Understand the timing: Early-stage neurodegenerative diseases may not qualify, but advancing symptoms and medical documentation can support eligibility.
  • Weigh financial implications: Selling a policy provides immediate funds but forfeits the death benefit for beneficiaries as the new owner takes over ownership and beneficiary rights to the policy.

Using Life Settlement Funds for Neurodegenerative Diseases

The proceeds from a life settlement can be used for:

  • In-home or residential care: Covering the cost of caregivers, nurses, and assisted living.
  • Medical treatments and equipment: Funding medications, therapies, mobility aids, and specialized technology.
  • Home modifications: Installing ramps, lifts, and accessible bathroom facilities.
  • Caregiver support: Providing financial stability for family members assisting with care.
  • Quality of life improvements: Enabling travel, counseling, or other supportive services.

Understanding life settlements for neurodegenerative diseases empowers patients and families to make informed financial decisions during a difficult time. By unlocking the hidden value of a life insurance policy, a life settlement can provide essential funds to support care, improve quality of life, and ease financial burdens. As neurodegenerative diseases progress, exploring a life settlement may offer a critical financial lifeline when it’s needed most.

To learn if you qualify and obtain a no-obligation policy appraisal, please give us a call today at 800-727-7654.

How Do I Get My Life Insurance Policy Appraised

, , ,
Infographic titled “How Do I Get My Life Insurance Policy Appraised” showing reasons to get an appraisal, steps in the process, and what happens next

If you’re asking yourself How do I get my life insurance policy appraised?, you’re starting at the right point. Never sell your life insurance policy without first getting it appraised yourself.   Many policyholders reach a point where they want to understand the true value of their life insurance – not just the surrender value, but what it could actually be worth in the secondary market. Whether you’re facing rising premium costs, unexpected medical expenses, or simply reevaluating your financial plans, a life insurance appraisal can help you make an informed decision.

What Is a Life Insurance Policy Appraisal?

A life insurance appraisal estimates what your policy could sell for in a life settlement, a legal, regulated transaction where you sell your life insurance to a third-party buyer for a lump sum cash payment. Unlike cash value or surrender value, an appraisal reflects the fair market value, which can be significantly higher depending on your situation.

When Should You Consider an Appraisal?

There are several situations where an appraisal makes sense:

  • Your policy premiums are becoming unaffordable
  • You no longer need the coverage (e.g., your children are financially independent)
  • You’re planning for retirement, long-term care, or assisted living
  • You’re considering lapsing or surrendering your policy and want to explore alternatives

Even policies with no cash value, such as term life insurance, may be eligible — especially if you’re over age 65 or have a serious health condition.

What Factors Affect Your Policy’s Value?

Buyers consider several key factors when appraising a policy:

  • Your age and health status: Older age or certain medical conditions can increase value
  • Policy type: Universal and whole life are most commonly sold, but convertible term policies can qualify too
  • Death benefit amount: Typically, policies valued at $100,000 or more are considered.  Some lower face amount policies may qualify if someone has a serious medical condition.
  • Premium costs: Lower premiums relative to the policy face value make policies more attractive to buyers
  • Insurance carrier rating: Highly rated carriers are preferred by investors

How to Get a Life Insurance Policy Appraised

Getting an appraisal is simpler than you might think. Here’s how it works:

  1. Submit basic information – This usually includes your age, policy type, face amount, and premium costs.
  2. Provide policy documents – A copy of the policy and an in-force illustration are often requested.
  3. Share health details – You will need to authorize release of medical records and in some cases complete a health questionnaire.  No new medical exams are required.
  4. Wait for evaluation – Policy and health information will be reviewed in order to give you an idea of a potential range of value.  If value is found and there is interest, a direct offer will be presented to you.

You’re under no obligation to sell just for requesting an appraisal. 

What Happens After the Appraisal?

If your policy qualifies and there is interest from a buyer, you’ll receive a no-obligation offer. From there, you can decide whether to move forward, keep the policy, or explore other financial options. In some cases, you may even be able to retain a portion of the benefit while still receiving a cash payout.

Knowing how do I get my life insurance policy appraised gives you more control over your financial future. Rather than letting a policy lapse or accepting a low surrender value, you may be able to convert it into a lump sum of cash  with no repayment required. If you’re unsure whether your policy qualifies, an appraisal is the first step toward unlocking its hidden value.

Learn if you qualify in a 5-10 minute phone call.  800-727-7654

Do You Have to Be Sick to Sell Your Life Insurance Policy?

,
Infographic titled "Do You Have to Be Sick to Sell Your Life Insurance Policy" with eligibility info and settlement type comparison.

If you’re exploring your financial options and wondering, do you have to be sick to sell your life insurance policy, the answer is no—but your health does play a role in how much your policy might be worth. While terminal illness is a factor in some types of life insurance sales, it’s not required to qualify for what’s known as a life settlement. In fact, many people in average health or even relatively good health can still sell their policy for cash under the right circumstances.

Understanding the Difference: Life Settlement vs. Viatical Settlement

The idea that you must be seriously ill to sell your policy often comes from confusion between two distinct financial transactions:

  • A viatical settlement involves selling a life insurance policy when the insured has a terminal illness, typically with a life expectancy of two years or less.
  • A life settlement, on the other hand, is for people who are not terminally ill but meet certain age and policy requirements—most commonly, age 65 or older with a policy valued at $100,000 or more.

Both options allow you to receive a lump-sum payment by selling your policy to a licensed buyer, but only viatical settlements require a qualifying illness.

You Don’t Need to Be Sick—But Health Affects Value

You can absolutely qualify to sell your life insurance policy without being sick. However, your age and overall health do impact how much a buyer is willing to pay. That’s because the buyer assumes responsibility for paying future premiums and ultimately collects the death benefit when the insured passes away.

If you are in excellent health and expected to live many more years, the buyer will likely need to pay premiums for a long time, reducing the immediate value of the policy to them. On the other hand, if you have chronic conditions or a shorter life expectancy, the investor might make a higher offer because their return is expected sooner.

Still, many people in average health receive substantial offers.  While lower premiums typically result in stronger offers since buyers take on the cost of future premium payments, policyholders don’t need to be terminally ill to qualify. If you’re considering surrendering your policy or letting it lapse, it’s worth checking to see what a buyer might offer instead.

Who Is a Good Candidate for a Life Settlement?

Even without a serious illness, you may be eligible to sell your life insurance policy if:

  • You’re over the age of 65
  • You own a convertible term, universal, or whole life policy with a death benefit of at least $100,000
  • Your premiums have become too expensive
  • Your beneficiaries no longer rely on the death benefit
  • You no longer need the coverage due to life changes, estate planning, or retirement

Many seniors consider a life settlement when they’re thinking about letting a policy lapse or surrendering it to the insurer for a small cash value. In those cases, a life settlement can provide a significantly larger return and allow you to turn life insurance into cash.

What Buyers Look For

Buyers in the life settlement market evaluate several factors when deciding how much to offer, including:

  • Your age and health profile
  • Type of policy
  • Premium cost and payment history
  • Face value or death benefit of the policy
  • Whether the policy is in-force and has been active long enough to pass the contestability period

They use actuarial data and life expectancy estimates to determine how long they may be paying premiums before receiving a return on their investment.

Why People Sell Their Policies

People sell life insurance policies for many reasons. Some need cash for medical bills, debt repayment, or long-term care. Others want to supplement retirement income, fund a move to assisted living, or simply reduce monthly expenses. Selling a policy can free up cash that would otherwise go unused, especially if the policy was destined to lapse or be surrendered for little value.

So, do you have to be sick to sell your life insurance policy? No, you don’t. While health status affects the size of the offer, it’s not a barrier to qualifying. If you’re over 65 and have a qualifying policy, you may be eligible for a life settlement—no terminal diagnosis required. Before cancelling or surrendering your policy, it’s worth seeing what it could be worth on the secondary market.  Call us today to learn if you qualify.  800-727-7654

How to Access Enhanced Cash Value from Universal Life

, ,
Infographic showing how to access enhanced cash value from universal life with key steps and additional insights on how policies can qualify without cash value

If you’re wondering how to access enhanced cash value from universal life, you’re not alone. Many policyholders don’t realize that their universal life insurance policy might be worth more than its surrender value—especially if they explore their options in the secondary market. This blog post will break down what enhanced cash value means, how it differs from the traditional surrender value, and what steps you can take to access more value from your policy.

What Is Enhanced Cash Value?

Enhanced cash value refers to the potential of receiving more money from your universal life insurance policy than what your insurance company would pay if you surrendered the policy. This often occurs through a life settlement, where you sell your policy to a third-party buyer for an amount higher than the surrender value but less than the death benefit.

Why Your Surrender Value Isn’t the Whole Story

When you surrender your universal life insurance policy, your insurer typically offers the cash surrender value—a figure based on the policy’s accumulated cash value minus any fees and outstanding loans. For many seniors or individuals with changing financial priorities, this can be a disappointing amount.

However, in the secondary market, life settlement buyers assess your policy differently. They consider your age, health status, premium costs, and policy size to determine how much they’re willing to pay. Often, the amount they offer significantly exceeds the surrender value—this is what we refer to as enhanced cash value.

How to Access Enhanced Cash Value from Your Policy

To explore your policy’s enhanced cash value potential, follow these steps:

  1. Review Your Policy Details
    Gather your policy specifics, including the face amount, premium history, and current cash surrender value. Confirm the policy type.  While Universal Life policies most often qualify for enhanced cash value, other types may also be eligible. 
  2. Evaluate Your Eligibility
    Life settlement buyers typically look for insureds who are age 65 or older or who have a serious health condition. The policy should also have a death benefit of $100,000 or more in most cases. 
  3. Request a Policy Appraisal
    You can request a no-obligation policy appraisal to find out what your policy might be worth on the secondary market. This enhanced cash value quote will give you a better idea of the potential amount available to you.
  4. Receive a Direct Offer
    If your policy qualifies and there is interest, you’ll receive a direct offer from a buyer who would like to purchase it. This offer may be substantially higher than the surrender value, providing you with immediate funds you can use for any purpose.  When you receive a direct offer through our platform, you always receive the full amount presented to you without the need to subtract a broker fee.
  5. Complete the Sale
    Once you accept an offer and sign contracts, ownership and beneficiary rights transfer to the buyer.  They take over responsibility for paying the premiums and you receive a lump-sum cash payment. The entire process typically takes a few weeks to complete.

What If My Policy Has No Cash Value?

Even if your policy doesn’t have any cash value, you may still be able to sell it. For example, convertible term life insurance policies may qualify for a term life insurance settlement if they can be converted to permanent coverage. These policies often have hidden value that’s overlooked by policyholders who assume only cash value policies can be sold. If you’re not sure whether your policy qualifies, it’s worth checking—especially if you’re facing high premiums or no longer need the coverage.

When Is It a Good Idea?

Accessing enhanced cash value from your universal life policy might be a good move if:

  • You no longer need the coverage
  • You’re struggling to afford the premiums
  • You want to supplement your retirement income
  • You need funds for medical expenses, long-term care, or debt relief

Before you surrender your policy for a fraction of its worth, take the time to understand how to access enhanced cash value from universal life. In many cases, your policy may have significant hidden value that can be unlocked through a life settlement. Even if your policy doesn’t build cash value, like a convertible term policy, you might still qualify—especially if it’s convertible to the right type of policy. We help policyholders discover these opportunities and guide them through the process.  If you would like to learn if you qualify, please give us a call at 800-727-7654

Best Way to Sell a Life Insurance Policy for Cash

,
Infographic explaining the best way to sell a life insurance policy for cash, featuring key reasons people sell, a simple 3-step process, and how to start an appraisal

If you’re looking for the best way to sell a life insurance policy for cash, you’re not alone. Many seniors and policyholders with changing financial needs are discovering that their life insurance policies may be worth more than they think. Whether you no longer need the coverage, can’t afford the premiums, or simply want to tap into the policy’s value now, selling your policy could be a smart financial move, especially when done through a streamlined, direct process.

What Is a Life Settlement?

A life settlement is when you sell your life insurance policy to a licensed buyer for a lump sum that’s more than the cash surrender value, but less than the policy’s death benefit.  Once sold, the buyer becomes responsible for future premiums and receives the death benefit when the policy matures. For many seniors or individuals facing financial strain, this can be a lifeline.

Why the Traditional Model Isn’t Always Ideal

Historically, life insurance policies were sold through brokers who acted as intermediaries between policyholders and buyers. While brokers can help shop your policy to multiple parties, they also charge significant commissions—sometimes up to 30% of your payout.

That’s where the direct model offers a better alternative.

A Simpler, More Transparent Way to Sell

At Reverse Life Insurance, we use a direct-to-consumer model designed to maximize your payout while simplifying the process. Here’s how it works:

  • Broker Commissions: You keep the full direct offer presented to you with no need to subtract a broker commission.
  • Direct Offers from Licensed Buyers: We present your case to reputable buyers and deliver a transparent offer. The amount we show you is the amount you receive.
  • We Handle the Heavy Lifting: Our team takes care of gathering your medical records, in-force illustrations, and insurance documents. Everything is done electronically, securely, and compliantly.
  • You Stay in Control: There’s no obligation to accept an offer. You can explore your options with zero pressure.

This model has helped thousands of policyholders receive more money, faster—and with less hassle.

How to Get Started

If you’re wondering how to get the best life settlement offer, here are a few steps to follow:

  1. Check Your Eligibility
    Most policies with a face value of $100,000 or more may qualify. Seniors age 65+ or those with a serious health condition can usually qualify.
  2. Request a No-Obligation Appraisal
    Use our secure online platform to submit basic policy information. Our team will retrieve the necessary records and prepare your case for appraisal. 
  3. Evaluate Your Offer
    Once we’ve gathered your documents, we’ll present your policy to direct buyers. If value is found and there is interest, you will receive a direct offer.
  4. Accept the Offer and Close the Sale
    If you accept an offer, we’ll coordinate the closing paperwork with a licensed provider in your state. Funds are typically disbursed within a few weeks.

Why This Matters

Selling your policy can free up cash for:

  • Medical or long-term care expenses
  • Paying off debt
  • Supplementing retirement income
  • Helping family members now, instead of later

The best way to sell a life insurance policy for cash is through a direct, transparent platform that puts more money in your pocket and makes the process easy. At Reverse Life Insurance, we’re proud to have created and introduced the direct model for life settlements.

If you’re ready to find out what your policy is worth, request a free, no-obligation appraisal today. You might be surprised at the hidden value in your policy.  800-727-7654

Life Settlements for Terminal Illness

, , , , ,
Life Settlements for Terminal Illness infographic explaining eligibility, common qualifying conditions, benefits, and how to get started

When faced with a serious medical condition, many people explore life settlements for terminal illness as a way to access immediate cash from their life insurance policy. While viatical settlements are available for those with a life expectancy of two years or less, life settlements are typically an option for individuals with longer life expectancies—more than two years. This financial option can help cover medical treatments, caregiving costs, or other expenses without waiting for the death benefit to be paid out.

For those who no longer need their policy or are struggling with premium payments, a life settlement can provide much-needed financial flexibility during a difficult time.

What Are Life Settlements for Terminal Illness?

A life settlement involves selling an existing life insurance policy to a third-party investor for a lump sum that is greater than the policy’s cash surrender value but less than its full death benefit. The buyer takes over premium payments and eventually receives the death benefit when the insured passes away.

Unlike letting a policy lapse or surrendering it to the insurance company for a small payout, a life settlement allows policyholders to get more value from their policy while they are still alive. The funds received can be used for anything, from covering medical expenses and long-term care to paying off debt or simply improving quality of life.

Who Qualifies for a Life Settlement?

While viatical settlements are specifically for individuals with a life expectancy of two years or less, life settlements for terminal illness may be an option for those who:

  • Have been diagnosed with a serious medical condition but have a life expectancy of more than two years. (Shorter life expectancies may qualify for a viatical settlement.)
  • Own a whole life, universal life, or convertible term life policy with a face value of at least $100,000.
  • No longer need or can no longer afford their policy.
  • Prefer to receive a lump sum payout now.

Common Conditions That May Qualify

While life settlements are often associated with aging individuals, policyholders with serious health conditions may also qualify. Some illnesses that may qualify include:

  • Stage 3 or 4 cancer
  • Congestive heart failure (CHF)
  • Chronic obstructive pulmonary disease (COPD)
  • End-stage renal disease (ESRD)
  • Liver disease
  • Multiple sclerosis (MS)
  • Parkinson’s disease
  • Advanced Alzheimer’s or other forms of dementia

Each case is reviewed individually, and the key factor is life expectancy. Policyholders with progressive illnesses that significantly impact longevity but do not qualify for a viatical settlement may still be eligible for a life settlement.

How Much Can You Get for a Life Settlement?

The amount policyholders receive from a life settlement varies depending on several factors:

  • Life expectancy – Shorter life expectancies typically result in higher offers.
  • Policy type and size – Universal and whole life policies generally receive higher offers than term policies.
  • Premium costs – Lower premiums make a policy more valuable to buyers.
  • Market conditions – Investor demand influences settlement amounts.

While offers can range widely, policyholders typically receive 10% to 60% of the policy’s face value. For example, a $500,000 policy could result in a payout between $50,000 and $300,000, depending on eligibility factors.

How Are the Funds Used?

One of the main advantages of a life settlement is flexibility. Unlike some financial assistance programs that restrict how money is spent, life settlement proceeds can be used however the seller chooses. Common uses include:

  • Medical expenses – Covering treatments, medications, or complementary and alternative therapies.
  • Long-term care – Paying for assisted living, in-home care, or nursing services.
  • Debt repayment – Reducing financial burdens by paying off outstanding loans or credit card debt.
  • Everyday living expenses – Maintaining financial stability for household bills and necessities.
  • Enjoying life – Taking a trip, visiting family, or making meaningful memories.

Benefits of Selling a Life Insurance Policy

✔ Immediate access to cash.
✔ No restrictions on how funds are used.
✔ Eliminates the need to pay future premiums.
✔ Potentially higher payout than surrendering the policy.

Is a Life Settlement Right for You?

If you have a serious illness but do not qualify for a viatical settlement, life settlements for terminal illness may still be an option. Selling your policy can provide financial relief, eliminate costly premium payments, and allow you to use the funds in a way that benefits you the most. To learn if you’re likely to qualify for a life settlement or a viatical settlement, please give us a call at 800-727-7654.

How to Get a Life Settlement When You’re Chronically Ill

,
Infographic outlining how to get a life settlement when you’re chronically ill, showing key benefits, steps to obtaining a life settlement, and eligibility criteria for policyholders with chronic illnesses

A chronic illness can create financial challenges, especially when it affects your ability to work or increases your medical expenses. If you own a life insurance policy, you may be able to sell it for a lump sum of cash through a life settlement, giving you access to funds to cover medical bills, living expenses, or other financial needs.  Understanding how to get a life settlement when you’re chronically ill can help you access the hidden value in an existing life insurance policy. 

What Is a Life Settlement?

A life settlement is the sale of an existing life insurance policy to a third-party investor in exchange for a cash payout. The buyer takes over premium payments and receives the death benefit when the insured passes away. This option allows policyholders to convert their life insurance into immediate funds, which can be especially beneficial for individuals with chronic illnesses who need financial relief.

Can You Qualify for a Life Settlement with a Chronic Illness?

Life settlements are typically available to individuals who:

  • Have a permanent or term life insurance policy with a death benefit of at least $100,000
  • Are generally 65 or older or have a serious health condition
  • Have a chronic illness that significantly impacts life expectancy (even if it’s not considered terminal)

If you have a chronic illness, your life expectancy is a key factor in determining eligibility and offer amounts. Policies owned by individuals with shorter life expectancies tend to receive higher offers since investors will have a shorter waiting period to collect the death benefit.

Chronic Illnesses That May Qualify for a Life Settlement

Many chronic illnesses can make you eligible for a life settlement, including:

  • Heart disease
  • Chronic obstructive pulmonary disease (COPD)
  • Kidney disease
  • Advanced diabetes with complications
  • Neurological disorders (such as Parkinson’s or ALS)
  • Autoimmune diseases (such as lupus or multiple sclerosis, in advanced stages)

Even if your condition isn’t listed, you may still qualify based on your overall health status and policy details.  Every case is unique and it is always best to call. 

Steps to Getting a Life Settlement When Chronically Ill

1. Determine If Your Policy Qualifies

Not all life insurance policies are eligible for a life settlement. Permanent policies (like whole life and universal life) are the most common candidates. Some term policies can also be sold, especially if they are convertible to permanent coverage.

2. Gather Important Documents

Your policy information as well as health and medical records play a crucial role in determining your policy’s value. While our platform gathers these documents securely on your behalf, some life settlement companies may request that you gather these items in advance.

3. Request Life Settlement Offers

You can get offers from life settlement providers or investors who buy policies. Each will assess your policy’s value based on your age, health condition, and the cost of premiums.  When receiving a direct offer on our platform, there is no need to subtract a broker fee from the offer you receive.  Always be sure that you are aware of any fees that may come out of your offer.

4. Evaluate and Accept an Offer

If a direct buyer has interest in your policy and finds value, they will make you an offer.  Decide if you would like to accept this cash offer in exchange for your policy. 

5. Complete the Sale and Receive Funds

Once you accept an offer, legal paperwork is completed by a licensed provider in your state, and ownership of the policy is transferred. You’ll receive a lump-sum cash payment, which you can use for medical expenses, home modifications, caregiving, or any other financial needs.

How Much Can You Get for Your Policy?

The payout amount varies based on several factors:

  • Your age and health condition
  • The death benefit amount
  • Premium costs (lower premiums make a policy more valuable to buyers)
  • Type of policy

On average, life settlements pay between 10% to 30% of the policy’s death benefit, but individuals with chronic illnesses may receive higher offers depending on their life expectancy.

Benefits of a Life Settlement for Chronically Ill Individuals

  • Immediate cash for medical and personal expenses
  • No more premium payments
  • Flexibility to use the funds however you choose
  • An alternative to surrendering your policy for little or no value

Are There Tax Implications?

Life settlements may have tax consequences, depending on how much you receive and how much you’ve paid in premiums. It’s always best to consult with a tax professional to understand how selling your policy may impact your unique tax situation.

Find Out If You Qualify

If you have a chronic illness and need financial support, a life settlement could provide the cash you need without taking on debt or depleting savings. If you’re considering selling your life insurance policy, contact us today for a no-obligation policy appraisal.  800-727-7654

Do You Qualify?