Selling a life insurance policy you no longer need can return significantly more than surrendering it to your insurer, but only if it reaches the right buyers. Life settlement providers and institutional investors are the companies that buy policies on

The cash surrender value of life insurance is the amount your insurer will pay you to cancel a permanent policy before death. It’s calculated from your accumulated cash value minus surrender charges and any outstanding loans. For many policyholders, it’s

A serious diagnosis changes the way you look at every financial asset you hold, including your life insurance policy. An accelerated death benefit (ADB) is the mechanism your policy may already include to let you access a portion of that

Comparing cash surrender value vs. cash value could give you two very different numbers, even if they come from the same policy. This guide explains both figures and what to consider before you decide what to do with your policy.

Selling life insurance through a life settlement is not a scam. It is a legal, regulated financial transaction with real consumer protection built into the process. That said, predatory actors do exist in this space, so it’s important to know

Medicaid cannot take life insurance from the beneficiary when the policy names a specific person and the proceeds go directly to them. That lets the lump-sum payment bypass probate entirely. Outside of that, Medicaid can pursue proceeds when no beneficiary

A 1035 exchange is an IRS provision under Section 1035 of the tax code that lets you swap one insurance contract for another without triggering immediate tax on any accumulated gain. It only works if you still want some form

There is no universal age at which life insurance stops making sense. When to stop life insurance depends on whether the people your policy was meant to protect still need it, not a specific birthday. Simply stopping payments and letting

A life insurance policy document can be overwhelming to look at if you haven’t seen one since you first took out your policy. But knowing which sections matter and what they tell a broker puts you in a much stronger

When you’re ready to sell a life insurance policy, the company you choose affects how much you receive and how well you understand all your options. The most trusted life settlement services for seniors all have a fiduciary duty to