LIFE SETTLEMENTS FEATURED ON
“Selling a Life Insurance Policy can pay seniors an average of 4 to 10 times more than what they would receive from an insurer for a surrendered policy.”
– US Government Accountability Office (2010)
Life and Viatical Settlement Services
Licensed Life Settlement Brokerage
Summit Life Settlements is a licensed brokerage dedicated to empowering policyholders with the knowledge, tools, and support they need during the life settlement process. With a client-first approach rooted in integrity and expertise, we’ve earned a reputation as a trusted partner for individuals and advisors nationwide.
Backed by years of industry experience, our team combines deep market insight with innovative technology to simplify and streamline life settlements. Our proprietary Summit Life Settlement Marketplace connects clients to a nationwide network of top-rated institutional buyers in a competitive, auction-style environment—ensuring each policy is positioned for maximum value.
Whether you’re exploring a full cash settlement, retained death benefit, or simply want to understand your options, Summit Life Settlements delivers transparency, efficiency, and results every step of the way.
Our Advantage
The Summit Life Settlement Marketplace
Advantages of the Summit Life Marketplace
- Live Auction-Style Bidding – Licensed buyers compete to drive up offers.
- Extensive Network of Licensed Buyers – More competition = higher payouts.
- Maximum Value for Clients – Policies often sell for significantly more than the cash surrender value or lapse value.
- Fast, Secure Digital Platform – Track cases, upload documents, and communicate easily through our encrypted online portal.
- Transparent & Fair Pricing – Higher payouts due to industry-low commissions
- High Referral Commissions – Professionals earn higher referrals
- Life Settlement Evaluator Tool – Instantly compare the potential payout of a life settlement vs. surrendering or keeping the policy.
- No Cost, No Obligation Evaluations – Policyholders and their advisors can explore their options risk-free.
- Expert Case Management – We handle everything, start to finish.
- All Policy Types – Universal, whole, term, group, and business-owned policies such as buy-sell agreements and key-person coverage.
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.
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.
Cover Medical Bills
Life settlements can provide a valuable way to pay off medical bills, fund surgery costs, or finance long-term care.
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.
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.
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.
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.
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.
What Is The Eligibility Criteria?
Life settlement qualifications
Age and Health Parameters
Typically, individuals aged 65 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
A life settlement is a financial solution for those who no longer need their life insurance policy. With life settlements, individuals aged 65 or older, and those with health impairments impacting life expectancy, can qualify to sell their policies to a third-party for a cash payment in exchange for transferring ownership of their policy.
Life Settlements ❯
Viatical Settlements
A viatical settlement is an option for policyholders with terminal or chronic illness that have a life expectancy of less than two years. In the this option the seller receives a lump sum payment that is higher than traditional life settlements in exchange for transfer of ownership allowing individuals to focus on their care.
Viatical Settlements ❯
Retained Death Benefit
A retained death benefit (RDB) is a settlement option for those who may not be eligible for traditional life or viatical settlements. With RDB, life insurance policyholders relieve themselves of future premium payments by selling their coverage while retaining a portion of their death benefit for their beneficiaries when they pass.
Retained Death Benefits ❯
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 medical records and life insurance documentation, an independent life expectancy report will be ordered to complete an investment package used to generate bids in the secondary market.
Summit Life Marketplace
Utilizing our buyer network in our Summit Life Marketplace and leveraging the expertise of our industry leading policy specialists, your policy will be evaluated by licensed buyers in an auction-like process that maximizes competition enhancing the value of your life settlement.
Closing Services
Summit Life Settlements offers comprehensive closing services aimed at facilitating the transactional process including contract review and assistance with requirements for life and viatical settlement providers as well as the insurance providers to ensure a seamless transactional experience.
Giving Back to Charity
Giving Back – Favorites have been American Heart Association, American Cancer Society, Kiwanis, and St. Jude’s.
Testimonials
Life settlement success stories
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.
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.
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.
Questions Usually Asked
Frequently asked questions
Summit Life Settlements is a licensed, client-focused life settlement brokerage that helps policyholders sell their life insurance policies for maximum value. We connect sellers with a network of top-rated, licensed buyers through our innovative, transparent marketplace.
A life settlement is the sale of a life insurance policy to a third party for a cash payment greater than the surrender value, but less than the death benefit. The buyer takes over premium payments and collects the death benefit when the insured passes away.
You are age 65 or older (or younger with a serious health condition)
You own a life insurance policy with a death benefit of $100,000 or more
The policy is no longer needed, wanted, or affordable
Yes. Summit Life Settlements is licensed as an insurance agnecy, and and all essential personell hold individual licenses, ensuring that all transactions are handled legally and ethically.
Yes. Businesses can sell key-person or corporate-owned life insurance policies through a life settlement if they no longer need the coverage. This can provide valuable liquidity and reduce unnecessary insurance expenses.
No. At Summit Life Settlements, we offer free, no-obligation policy evaluations. You’ll receive a confidential estimate of your policy’s value without any cost or commitment.
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.
Helping seniors maximize the value of their life insurance through trusted guidance, transparent solutions, and personalized service.
Contact Info
Copyright 2026 © Summit Life Settlements (“SLS”). SLS is not licensed in all States and will not accept business from States in which it is not licensed. Please speak to a Summit Life Specialist to confirm licensing requirements. Case studies and examples are estimates used for informational purposes only and results may differ.