Wondering if you can sell your life insurance policy for cash? Use this simple life settlement checklist to learn more about life settlements — and how LifeRoc’s large, leading network of funders, fast process, and no third-party broker commissions may help you get more value.

Millions of seniors let life insurance policies lapse or surrender them for far less than they could have received through a life settlement. This checklist helps you quickly see whether you may qualify — and how working with the right provider can impact your results.

1. Do You Have a Life Insurance Policy You No Longer Want, Need, Or Can Afford?

Life settlements may be an option if:

• Premiums are rising or hard to maintain
• Coverage needs have changed
• The policy is underperforming
• You’re considering surrendering or lapsing it

Eligible policy types include:

• Universal life
• Whole life
• Guaranteed life
• Term policies 
• Indexed or variable universal life

   

2. Are You 65+ Or Have a Serious Health Condition?

You may qualify for a life settlement if:

• You are age 65 or older, or
• You have a serious health condition of any age
• Your policy’s death benefit is $100,000 or higher

Health changes often increase the policy’s market value — something many policy owners may not realize.

3. Have You Ever Had Your Life Insurance Appraised?

Most policy owners don’t realize that a life insurance policy is an asset, just like a home, investment, or vehicle — and it can be professionally valued.

Because of this, people may not know what their policy may be worth on the secondary market.
In fact, many walk away with only a small cash surrender value when a life settlement could offer substantially more.

LifeRoc provides a fast, free, no-obligation policy appraisal so you can learn what your life insurance may be worth today. There is no pressure to sell — just clear, detailed information so you can make the best decision for yourself and your family.

4. Do You Want To Stop Paying Life Insurance Premiums?

If premiums are becoming a financial burden a life settlement might help.

After selling your life insurance policy:

• All future premiums stop
• You receive a lump sum of cash
• You can use the money however you choose

   

5. Do You Know About Partial Policy Or Retained Death Benefit Life Settlements?

You don’t have to sell the entire policy.
Some policy owners choose to:

• Sell part of the death benefit for cash today
• Keep some coverage in place for their beneficiaries
• Reduce or eliminate premium payments

   

6. What To Look For In Choosing The Right Life Settlement Company 

When selling your life insurance policy, the provider you choose directly affects your experience and your payout. Here’s what matters most — and how LifeRoc delivers:

• Large Network of Funders
  More funders can mean strong offers. LifeRoc’s large, leading network of funders is well known for delivering strong offers.
• Exceptional Service & Expertise
  LifeRoc brings decades of insurance and life settlement experience and handles every detail from your first call to closing and payment.
• No Third-Party Broker Commissions
  Keep more of your policy’s value by eliminating unnecessary third-party commissions.
  LifeRoc removes third-party broker commissions so more money stays in your pocket.
• Trusted Team With Real Results
  The LifeRoc Team has settled over $20 billion in policies in our careers and has supported countless families with expertise and care.

7. Want To Explore Whether A Life Settlement Is Right for You?

LifeRoc offers a fast, free policy valuation to help you see your options clearly and decide what’s best for your financial goals. There’s no cost, no pressure, and no obligation to find out what your policy may be worth.

Get started today with a Free Life Insurance Policy Appraisal with LifeRoc

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