What Is A Life Settlement

A life settlement is a transaction in which a policy owner sells a life insurance policy that is no longer wanted, no longer needed, or no longer affordable. In exchange the policy owner receives a cash payment that exceeds the policy’s surrender value provided by the insurance carrier and has no on-going responsibility to pay any future premiums.

How Policy Fast Cash Works

• 

  Apply Online or By Paper

• 

  Conduct Your Phone Interview

• 

  Offer is Made or Policy is Declined

• 

  Accept Offer, Close, & Get Paid

*These are the basic steps, the timing and duration of which will differ from transaction to transaction.

A Life Settlement Could Benefit You

Whether the proceeds are used to pay medical bills, make daily retired life easier to handle economically, or help a grandchild through college, the positive stories of how a life settlement can be helpful are as unique as the policyowners and families who benefit.

• 

  Unlock Policy Value

  Your policy may be worth significantly more than your policy's surrender value (if any). A life settlement can unlock this additional value.

• 

  Fund Your Retirement

  You can use the proceeds from a life settlement to supplement your retirement plan and make your golden years, and your retirement, more comfortable and easier to handle financially.

• 

  Cut Your Expenses

  Selling your policy also means the related premium obligation, which might be creeping up each year, isn’t yours to continue to shoulder. That means more disposable income remains yours to use as you want and need.

• 

  Cover Medical Bills

  Chronic and/or severe medical conditions can lead to mounting medical expenses. A life settlement may be able to help, by providing you with resources you need to help ensure you can get the treatment you need and deserve.

Ideal Candidates

Individual qualification will vary based on circumstances. However, below we have provided some general guidance on the case parameters we have found fit best. Are you curious whether you might qualify? Do not hesitate to discuss your unique situation with us.

• 

  Policy Types

  Universal Life, Term Life, Whole Life, and Joint Survivorship

• 

  INSUREDs

  70+ (some younger
  ages can qualify)

• 

  Face Amounts

  $150,000 - 100,000,000+

• 

  Health Status

  The insured has experienced a moderate or major change in health since policy issue

Clients Testimonials

"The team at LifeRoc helped when no one else would. They were professional and fast to respond"

-Lauri M.

"The guys at LifeRoc helped explain my policy and my liquidity options. In the end I got the cash I needed from my old policy, obtained a new policy, and saved money on mh premiums."

-Will W.

"I shopped around but found my rep at LifeRoc to be the most helpful and supportive in my decision making process."

-Steven M.

Sample Cases

*The below samples were generated, drawing from actual case data one or more memebers of our team has seen, so you can see what a life settlement can mean for individuals having different circumstances.

Sample 1: Male age 86, Recieved:
$950,000.00 on a $2M Whole Life policy, which
had a cash surrender value of only $475,000.00

Sample 2: Female age 70, Recieved:
$48,000.00 on a a $250k Universal Life policy, which
had a cash surrender value of only $3,000.00

Sample 3: Male age 78, Recieved:
$385,000.00 on a $2M Universal Life policy, which
had a cash surrender value of only $77,000.00

Sample 4: Male age 65, Recieved:
$175,000.00 on a $5M Term Life policy, with
$0.00 cash surrender value.