What Is a Life Settlement?

What Is a Life Settlement?

What Is a Life Settlement?

Similar to your car or savings account, your life insurance policy is an asset that has financial value. That means you can sell your policy now if you no longer need it or if your financial circumstances have changed. The sale of your policy is called a Life Settlement and has grown in popularity as policyholders become more informed about their options.


The Life Settlement concept was born in the 1980s and is now a mature and highly regulated industry, subject to the oversight of government agencies. In the decades since Life Settlements became commonplace, many thousands of people have realized the benefits of selling their life insurance policies in exchange for an immediate influx of cash.

Financial Asset-1


Why do people sell their life insurance policies?

Common reasons for selling include:

  • Tired of expensive premiums
  • Beneficiaries now financially secure
  • Need money for new priorities such as retirement or healthcare

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