Yes — and it can be a smart way to create retirement income from an asset you already own.

If you’re like many retirees exploring creative ways to generate income, your life insurance policy might hold untapped value. Instead of letting a policy lapse or surrendering it for minimal cash, you may be able to sell your life insurance policy through a life settlement and receive a lump sum of money you can use now.

What Is a Life Settlement — and How Does It Work?

A life settlement is the sale of a life insurance policy to a licensed buyer (called a funder) for more than the cash surrender value, but less than the death benefit. The buyer becomes the new owner and pays the premiums, while you receive a one-time cash payout — with no repayment required.

AARP confirms: “Life settlements let you sell your policy to a third party for an immediate lump sum. The buyer then becomes the policy’s beneficiary and assumes the premium payments.” AARP.org Understanding Life Settlements

Why Sell Your Life Insurance Policy During Retirement?

Selling your policy can unlock financial flexibility at a time when many retirees are adjusting their income strategies.

You might consider a life settlement if:

• Premiums have become unaffordable
• You no longer need the coverage
• You’d rather use the money now than leave a future death benefit
• Your financial priorities have shifted toward living expenses, healthcare, or supporting family

According to LISA’s 2024 Market Data, seniors who completed life settlements in 2024 received an average of $223,000 more than if they had surrendered the same policy — showing the true potential of this overlooked financial tool.
(Source: Life Insurance Settlement Association, 2024 Market Report)

How Retirees Use Life Settlement Funds

There are no restrictions on how you use your payout. Retirees often choose to:

• Eliminate premium payments to reduce monthly costs
• Reinvest in retirement income vehicles with better returns
• Pay off medical bills, mortgages, or debt
• Travel or make meaningful memories with family
• Gift loved ones now, instead of later
• Cover long-term care or assisted living costs

In short, selling your policy can help you live better now — with dignity and choice.

Who Qualifies to Sell a Life Insurance Policy?

You may qualify for a life settlement if:

• You are 65 or older (or younger with certain health conditions)
• Your policy’s face amount is $100,000 or more
• You’ve experienced a change in health since the policy was issued
• The policy is active and in good standing

Many policy types are eligible — including Universal Life, Whole Life, Convertible Term, Variable Life, and Guaranteed Universal Life.

Why Choose LifeRoc When Selling Your Life Insurance?

If you’re considering a life settlement, choosing the right provider makes all the difference. Our affiliate LifeRoc Capital is a trusted direct provider — not a broker — meaning no third-party commissions are taken out of your offer. You keep 100% of the gross offer.

Here’s what sets LifeRoc apart:

• Access to LifeRoc’s large leading network of funders, known for delivering strong offers
• No 3rd party broker commissions — we work directly with funders and that helps you keep more of the payout
• Over $20 billion in life insurance policies settled by our experienced team in our careers
• More than 200 years of combined experience in both life insurance and life settlements
• Supportive, hands-on service from your first call to final payout — with everything handled for you

What Trusted Sources Say About Life Settlements

According to data from the Life Insurance Settlement Association (LISA), licensed members of their organization paid $601 million across 2,699 settlements in 2024… with the data showing that, overall, LISA member settlements total close to $3 billion since 2021. LISA Life Insurance Settlement Association

More than 90 percent of life insurance policies today end without ever paying out a death benefit. As a result, seniors are leaving a staggering $200 billion in life insurance benefits on the table every year.However, older individuals should keep in mind that they can instead opt to sell their life insurance policy through a life settlement transaction.  ElderLawAnswers

If a life insurance policy no longer meets your needs, a life settlement may be worth considering.”— National Association of Insurance Commissioners
(NAIC Consumer Guide)

How to Find Out What Your Life Insurance Policy Is Worth

Every policy is different — and the only way to know your policy’s potential value is to request a free appraisal.

Here’s what you’ll receive from LifeRoc:

• A free, no-obligation policy appraisal (within 24 hours)
• Quickly learn whether your policy qualifies
• A clear explanation of how the process works — with no obligation to sell

Start Exploring Your Life Settlement Options Today

You’ve paid into your life insurance policy for years. Now it may be time to see what it could be worth — and how it could help you today.

Request your free policy appraisal with LifeRoc now and discover how selling your life insurance could bring more cash and financial freedom to your retirement years.

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