LIFE SETTLEMENT CALCULATOR
LIFE SETTLEMENTS FEATURED ON





Life and Viatical Settlement Services
A LICENSED LIFE SETTLEMENT BROKERAGE COMPANY
Summit Life Settlements is a licensed-based life settlement brokerage company that provides client-centric services. With years of dedicated expertise, we have evolved into a licensed brokerage that operates nationwide. Our unique approach involves leveraging technology to streamline the sale process. Through our cutting-edge Summit Life Settlement Marketplace, clients gain access to a network of top-rated buyers, facilitating a competitive auction-like environment.
About USOur Advantage
The Summit Life Settlement Marketplace
Our Services
HOW CAN WE HELP?
We’re here to maximize your policy’s value, simplify the process, and ensure you secure the best deal with ease.

Optimize Your Life Policy’s Value
A life settlement offers you the opportunity to turn your financial liabilities into an asset. Receive a one-time cash payout for your policy that averages 4-10 times more than the surrender cash value.

Fund Your Retirement
Most seniors don’t know they can sell their life insurance policy. Use a life settlement to receive a sizable one-time payment and retire on your own terms.

Financial Freedom
After paying your life insurance premiums for years, a life settlement can be used to provide extra cash needed to improve your financial freedom. This money can also provide financial security in case of any future financial difficulties.

Cover Medical Bills
Life settlements can provide a valuable way to pay off medical bills, fund surgery costs, or finance long-term care.

Lower Monthly Expenses
Don’t continue to pay for coverage you no longer need. Selling your life insurance gives you financial relief by freeing up some extra cash flow each month.

Avoid Lapse in Coverage
Life settlement transactions can help prevent lapses due to financial hardship or changes in health conditions. Keep your policy active while gaining immediate monetary benefits.”

SARAH’S LIFE SETTLEMENT JOURNEY
Meet Sarah, a retiree weighed down by rising life insurance premiums. On the verge of letting her policy lapse, she discovered Summit Life Settlements. With a quick and easy online application, Sarah accessed our Summit Life Marketplace. Through a transparent, auction-style process, multiple competitive offers rolled in, ultimately securing her a settlement worth 10 times the cash surrender value. Fast, secure, and hassle-free, Summit’s technology-driven platform not only alleviated Sarah’s financial stress but transformed her life insurance policy into a valuable lifeline.
read moreWhat Is The Eligibility Criteria?
LIFE SETTLEMENT QUALIFICATIONS

Age and Health Parameters
Typically, individuals aged 60 or older qualify, as life expectancy plays a key role in determining eligibility and offer value. However, younger individuals may also qualify if they have severe or chronic health conditions that significantly impact life expectancy.

Policy Types Considered
To qualify, policies must have a face value of at least $100,000. While most permanent plans, such as whole and universal life policies, are eligible, term policies typically only qualify if converted to permanent coverage, or if the insured’s life expectancy is less than the remaining term.

Transparent Evaluation Process
Wondering if your policy qualifies? Our transparent evaluation process simplifies the criteria, providing clarity on eligibility factors, and making it easy for you to understand and explore the possibilities for your life insurance policy.
Settlements Serviced
DIFFERENT TYPES OF LIFE SETTLEMENTS

Life Settlements
Unlock the value of your life insurance policy through a life settlement – an innovative financial solution for those who no longer are in need of their life insurance policy. With life settlements, individuals aged 60 or older, and those with health impairments impacting life expectancy, can typically qualify to sell their policy to a third party for a one -time, lump sum cash transaction, receiving immediate payment in exchange for transferring ownership of their policy.

Viatical Settlements
Our firm extends its expertise to viatical settlements, a compassionate and strategic solution for individuals facing severe health challenges. With viatical settlement solutions, policyholders with terminal or chronic illness with a life expectancy of fewer than two years can access immediate funds by selling their life insurance policies to investors.The seller receives a lump sum payment that is generally higher than in a traditional life settlement, reflecting the reduced life expectancy.

Retained Death Benefit
In a retained death benefit arrangement, the policyholder sells their policy while retaining a portion of their death benefit. This means they receive a lump sum payment for selling a portion of their policy while ensuring the remaining death benefit is paid to their beneficiaries upon their death. In this agreement, the buyer assumes full responsibility for all premium payments, relieving the seller of any further financial obligations, and receives the remaining death benefit upon the insurer’s passing.
What We Offer
WE LEAD YOU THROUGH THE PROCESS
Consultation
One on one with a Summit Policy Specialist who will assist you in reviewing your policy and exploring your available options
Custom Investment Package
After gathering all medical records and life insurance policy illustration, an independent life expectancy report will be procured to construct a tailor-made investment package used to generate bids will be presented in the secondary market.
Summit Marketplace
Utilizing our buyer network in our Summit Life Marketplace and leveraging the expertise of our industry leading policy specialist, your policy will undergo submission to numerous highly rated licensed buyers in an auction-like process, enhancing the potential value of your life settlement.
Closing Services
Summit Life Settlements offers comprehensive closing services aimed at facilitating the transactional process which includes contract review and assistance with contingency requirements for life and viatical settlement providers as well as the insurance providers and industry professionals all to ensure a seamless and expeditious transactional experience.

Testimonials
LIFE SETTLEMENT SUCCESS STORIES
Incredible Service!
When my policy premium kept increasing and I no longer needed my coverage, Summit Life Settlements helped me get the most value for selling my policy. Grateful for their transparency and professionalism.

Mark
Exceeded Expectations!
Summit exceeded my expectations! I didn’t know I could sell my life insurance policy. Summit Life Settlements helped me understand how to get the most for my policy sale while being upfront and informative of the whole process.

Lisa
Best Live Marketplace!
Thanks to Summit Life Settlements, I was able to learn how to get the most value for selling my policy. Their Live Marketplace was very easy to use and made the process a breeze.

Frank
Questions Usually Asked
FREQUENTLY ASKED QUESTIONS
Summit’s Life Marketplace connects policyholders to top-rated buyers, creating a competitive environment. This ensures the highest possible value for your life insurance policy.
Yes, Summit leverages advanced technology for secure online transactions. Our streamlined process expedites the sale, providing a swift and hassle-free experience.
Absolutely. Summit considers various policy types, including term life. Our goal is to optimize the value of your policy, regardless of its structure.
The timeline does vary due to factors out of our control such as the insurer’s response to requested documents, however our technology-driven approach allows us to cut the broker processing time ensuring the process is complete in weeks rather than months.
Summit prioritizes using a technology-driven approach to facilitate the life settlement process. Using our Summit Marketplace along with our expert guidance enables a transparent and streamlined experience ensuring our commitment to maximizing value for our customers.
Start the process by using our free calculator to see what your policy can be worth or creating an account to access our life settlement policy evaluator which displays the benefits of cashing out. Our team will guide you through the rest, ensuring a smooth and personalized experience tailored to your needs.