Questions to Ask Before Selling Your Life Insurance Policy

Selling your life insurance policy for cash—known as a life settlement—can be a significant financial decision. While it can unlock hidden value in your policy, it’s crucial to approach the process with the right questions to ensure you achieve a positive outcome. Here are some of the most important questions to ask before selling your life insurance policy, along with how LifeRoc Direct can help you every step of the way.

1. How Much Is My Policy Worth?

Understanding the value of your policy is key. The payout depends on factors like your age, health, policy type, and coverage amount.
● A life settlement can offer substantially much more than the cash surrender value of your policy.
● A policy appraisal can help you learn if you qualify for a life settlement and what your policy may be worth if you decide to sell.

How LifeRoc Direct Helps:
We provide a free, no-obligation policy evaluation to determine the market value of your policy and what it might sell for.

2. Who Will Buy My Policy?

The life settlement market consists of life settlement providers who specialize in purchasing and life insurance policies and place those policies with the right funder (i.e. the end buyer). Finding the right settlement company can make a significant difference in the offer you receive.

● Working with a company that has access to a large network of funders (like LifeRoc) increases the likelihood of achieving a positive outcome.

How LifeRoc Direct Helps:
We have a large, industry-leading network of funders, where your policy can be offered to numerous funders. This extensive network allows us to secure great offers and ensure a smooth process of selling your policy.

3. Are There Any Transaction Fees or Other Expenses?

When considering selling your life insurance policy, understanding the 3rd party fees involved is crucial. Not all life settlement companies operate the same way, and unnecessary broker fees can significantly impact how much money ends up in your pocket.

How LifeRoc Direct Helps:
At LifeRoc Direct, we prioritize creating value and being a resource for you. Unlike many life settlement companies that operate on a broker commission-based model, we are a direct life settlement provider that has eliminated broker commissions entirely. Instead, we pass 100% of our offer directly to you, the policyholder.

This approach can result in you saving 20.00% – 30.00% in third party broker fees paid to some traditional life settlement companies. Our goal is to help you retain the value for your policy without unnecessary broker fees, giving you clarity, confidence, and more of the money in your pocket.

4. What Will Happen After I Sell My Policy?

Once your policy is sold, the funder/investor becomes the beneficiary and takes over the premium payments. You will receive a lump sum payout that you can use as you see fit.

5. Is Selling My Policy the Right Choice for Me?

A life settlement may not be the best fit for everyone. Deciding whether to sell your policy depends on your financial needs, current health, and future plans. The first step to making an informed decision is understanding the value of your policy through a professional appraisal.

How LifeRoc Direct Helps:
At LifeRoc Direct, we offer free, no-obligation policy appraisals to help you assess your policy’s value. By understanding what your policy could sell for, you can confidently evaluate whether keeping it or selling it better aligns with your financial goals.

Ready to explore your options? Contact LifeRoc Direct today for a free appraisal to find out what your life insurance policy is worth. With our extensive network of funders and commitment to helping you achieve a positive outcome, we’ll help you turn your life insurance policy into a valuable financial resource

By asking the right questions and working with LifeRoc Direct, you can confidently take control of your financial options. Let us help you make the most of your life insurance policy today!