Caring for aging parents often brings both emotional and financial challenges. Between rising healthcare costs, assisted living expenses, and the desire to provide the best possible care, families are searching for ways to ease the strain — without depleting savings or sacrificing long-term security.

One option many beneficiaries and adult children don’t realize exists is a Partial Policy Life Settlement, also known as a Retained Death Benefit (RDB). This powerful financial solution allows policyholders to access cash now — often to help with care or medical costs — while still leaving a portion of the policy’s death benefit for loved ones later.

How A Partial Policy Life Settlement Works

A partial policy life settlement, also known as Retained Death Benefit (RDB) is when you sell a portion of your life insurance policy benefit to a licensed provider. In exchange, you receive a lump-sum cash payment, and the funder assumes responsibility for future premiums.

The part of the beneficiary interest that you don’t sell is structured to provide a retained death benefit—meaning your beneficiaries will still receive a payout when you pass away during the retained death benefit period, even though you accessed part of the policy’s value during your lifetime.

Families often use proceeds from a partial life settlement to help with:

• Assisted living or in-home care expenses

• Medical bills, medications, and treatment costs not covered by insurance

• Home modifications to improve accessibility or comfort

• Respite care or professional caregiving support for family members

• Everyday living expenses that come with aging or health challenges

This approach helps beneficiaries provide meaningful financial and emotional support to parents now — while preserving part of the policy for future needs or inheritance.

The Benefits Of A Partial Policy Life Settlement

A partial life settlement with a retained death benefit can offer families:

• Immediate access to cash without taking on new debt

• Elimination of premium payments, reducing financial burden for seniors or their caregivers

• Flexibility, since funds can be used however the family chooses

• Continued protection, ensuring loved ones still receive a death benefit later

• A living legacy, allowing parents to see the impact of their care while alive

Why Families Choose LifeRoc

Families and advisors nationwide trust LifeRoc to help navigate these options with care and expertise. Here’s why:

• Our large, leading network of funders,which allows us to deliver great offers for policies.

• There are no third-party broker commissions, meaning 100% of the gross offer goes directly to you.

• Our team has settled over $20 billion in policies over our careers, including many Partial Policy Life Settlements

• We make the process fast and easy, helping families make informed, compassionate decisions.

• Exceptional service — LifeRoc is known for handling every case with integrity and efficiency,

Take The First Step With LifeRoc

If you’re caring for an aging parent or exploring ways to support healthcare or assisted living costs, a Partial Policy Life Settlement — or Retained Death Benefit (RDB) — could be the solution. It’s a smart, compassionate way to ease today’s financial pressures while ensuring loved ones are still cared for in the future.

Request a free, no-obligation policy appraisal today to see if your policy qualifies — and discover how you can use a portion of it now while keeping benefits in place for tomorrow.

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