When Premium Payments Become Too Much

Life insurance can be a valuable financial tool—but for many seniors, rising premiums can turn that asset into a burden. Over time, premiums can make keeping a policy impractical, especially if the original need for coverage has changed.

The good news? You don’t have to simply cancel or let it lapse. In many cases, you can sell your life insurance policy through a life settlement—eliminating the cost of future premiums and unlocking the policy’s value in cash.

Why Life Insurance Premiums Increase In Later Years

Many policies, especially universal life or term policies nearing the end of the guarantee period, have premiums that rise as you age. These increases can be significant and unexpected, and they often lead policyholders to drop their coverage entirely.

Common scenarios include:

• Fixed income in retirement making premiums unaffordable
• Policy no longer serving its original purpose (e.g., mortgage protection or dependent care)
• The need for funds to cover other priorities, like healthcare or debt reduction
• Improve your lifestyle

How Selling Your Life Insurance Policy Works

Through a life settlement, you can sell your life insurance policy to a licensed provider in exchange for a lump-sum cash payment. The funderer takes over premium payments and becomes the new beneficiary.

The process typically involves:

1. Policy Appraisal – Determining if your policy qualifies and estimating potential value

2. Offer Review – Receiving one or more offers from a licensed provider

3. Closing – Finalizing the sale, eliminating your premium obligation, and receiving your payment

Benefits of Selling Your Life Insurance Policy Due To High Premiums

Selling your policy when premiums are too high can offer multiple advantages:

• Eliminate all future premium payments

• Access immediate cash for retirement, lifestyle, healthcare, debt payoff, or family support

• Avoid walking away with nothing by lapsing or surrendering the policy

• Redirect the money you were spending on premiums toward current priorities

Who Qualifies to Sell Their Life Insurance?

While each case is unique, you may qualify for a life settlement if:

• You are 65 or older

• Your policy has a face value of $100,000 or more

• You have experienced a change in health since the policy was issued
  

Why Policyholders Choose LifeRoc For Life 

When premiums are no longer desired, choosing the right life settlement partner matters. LifeRoc has a proven track record with:

• Over $20 billion in life insurance face value settled in our careers

• A large, leading network of funders to help secure offers

• No third-party broker commissions, so 100% of the offer goes directly to you

• A streamlined, supported process from policy appraisal to payment

Our team has extensive experience in both life insurance and life settlements, making the process simple and clear so you can make the best decision for your future.

Take the First Step Toward Financial Relief

If rising premiums are straining your budget, you have options. Selling your life insurance policy through a life settlement could eliminate those costs and put cash in your hands now.

Request a fast, free policy appraisal today to learn:

• If your policy qualifies for a life settlement

• How much it may be worth

• What next steps look like—with no obligation to sell

Start your confidential policy review now.

Because the policy you’ve been paying into for years may be worth more than you think.

Contact us today to learn more about your options. Fill out the form below or give us a call at (833)678-7355 — our team is here to help you every step of the way.

Have more questions? Visit our Frequently Asked Questions Page