Seniors tend to find out their life insurance policy is worth more than they realized at the exact moment they’re questioning whether to keep it. That usually happens when premiums have become difficult to pay, when the coverage no longer

Senior life settlements let you sell a life insurance policy you no longer need for a lump sum that exceeds what your insurer would pay if you were to surrender it. If you’re in your mid-70s or older and have

Life insurance is a financial safety net, especially for people with young families. As you age, though, your policy may become unnecessary or stop fitting your goals. If you’re considering selling it, you have two main options: a viatical settlement

How long life insurance takes to pay out depends on the situation. Beneficiaries waiting on a death benefit after a loss can generally expect most insurers to process claims within 14 to 60 days of receiving a complete package. A

More seniors call Florida home than almost anywhere else in the country, which is part of why the state has built one of the most comprehensive regulatory frameworks for policyholders who want to sell. Life settlements in Florida are governed

A serious illness diagnosis changes a lot of things, including how you think about the financial assets you already hold. If you have a life insurance policy you’re paying premiums on, that policy may be worth more than you realize

Seniors who sold their life insurance policies through the secondary market in 2025 received almost nine times what their insurer would have paid on surrender. That’s a fact coming from the LISA Member Data Collection Survey of 2025, the most

Surrendering a life insurance policy means permanently canceling it in exchange for its accumulated cash value, minus any outstanding loans and surrender charges. The death benefit your beneficiaries would have received ends permanently once the insurer processes the request. Most

A life insurance policy that has served you well for decades may perform very differently on the secondary market once you decide to sell. Knowing how term life insurance vs. universal life insurance policies compare in a life settlement context

The cash surrender value of life insurance is taxable only when the amount you receive exceeds the total premiums you paid over the life of the policy. If it does, you owe income tax on the difference. If it does