Selling Your Life Insurance Policy? Discover Your Options with Confidence

Life can change—and so do your financial needs. If you’re exploring selling your life insurance policy, you’re not alone. Many policyholders across the U.S. are surprised to learn that even if they no longer need or want their coverage, their policy can still have significant value.

At Summit Life Settlements, we specialize in helping individuals unlock that value through a process called a life settlement—a legal and regulated sale of your policy to a licensed buyer for a lump-sum cash payment.

“Why pay for coverage you no longer need? Get paid instead.”

Who Buys Life Insurance Policies? - Couple signing documents at notary public office

Our process is designed to make selling your life insurance policy simple, fast, and secure:

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Submit Your Policy Details

Use our secure online form to request a free, no-obligation policy review.

Lower Monthly Expenses

Check Eligibility

We’ll determine if your policy qualifies based on age, health, and value.

Age and Health Parameters

Receive Competitive Offers

We present your policy to licensed buyers and bring you the highest bids.

Accept the Offer & Get Paid

Once you accept an offer, receive your payout quickly and safely.

Can You Sell Your Life Insurance Policy?

Yes, under the right conditions, you can sell your life insurance policy. Most people are unaware that policies—whether term, whole, or universal—can often be sold if the policyholder meets certain criteria.  

“Your life insurance policy isn’t just a contract—it could be a financial opportunity waiting to be unlocked.” We’ll evaluate your situation confidentially and guide you every step of the way, ensuring you understand your options clearly.

Wondering how to sell your life insurance policy or where to begin? Our process is designed to be simple, transparent, and stress-free:

Step-by-Step Process:

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Request a Free Policy Review

Fill out our secure form to provide basic policy and health info.

Lower Monthly Expenses

Determine Eligibility

Our experts evaluate whether your policy qualifies based on key factors.

Age and Health Parameters

Receive Offers from Licensed Buyers

We connect you with multiple verified buyers and negotiate the best deal.

Accept the Offer & Get Paid

Choose the best offer and receive your cash payout quickly and safely.

“Selling your life insurance policy starts with a conversation—one that could lead to significant financial flexibility.”

Why Summit Is the Best Company to Sell Your Life Insurance Policy To

At Summit Life Settlements, we don’t just connect you with buyers—we put your policy in front of real-time, competitive bidders through the Summit Life Marketplace, the only live auction platform of its kind in the industry.

What makes us the best company to sell your life insurance policy to:

  • Exclusive Access to the Summit Life Marketplace – Your policy is placed in a live bidding environment to drive up the value and get you the highest possible offer.
  • Decades of Industry Experience – Our team brings proven expertise in navigating life settlements for seniors and high-value policies.
  • Licensed and Vetted Buyers Nationwide – We only work with trusted, regulated buyers to ensure a compliant, transparent sale.
  • No Upfront Fees – You never pay anything out-of-pocket. Our compensation is success-based and built into the offer you accept.
  • Confidential, End-to-End Support – You’ll work with a dedicated specialist—no call centers, no confusion, just clarity and results.
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Sell Term Life Insurance Policy
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Estimate What Your Policy Is Worth

Not sure if your policy qualifies? Try our free, no-obligation calculator to find out how much you could receive. You could be just a few clicks away from discovering the hidden value in a policy you no longer need.

Take Control of Your Financial Future

If you’ve been asking:

  • Can you sell your life insurance policy?
  • How do you sell your life insurance policy?
  • What’s the best company to sell your life insurance policy to?

Then you’re in the right place. Summit Life Settlements offers a secure, straightforward way to turn your policy into real financial power. “A policy you no longer need can still support the life you want.”

Policy Calculator

Ready to Sell Your Life Insurance Policy?

Our trusted process ensures a seamless, transparent experience from start to finish—empowering you to make confident, informed decisions about your financial future.

  • Use our Sell your Life Insurance Policy Calculator
  • Book a free, no-obligation consultation
  • Get expert guidance from industry professionals

“Choosing the best company to sell your life insurance policy to means trusting experience, integrity, and proven results.”

Get a free consultation

Yes, you can sell your life insurance policy through a process called a life settlement. If you’re 65 or older—or have significant health changes—and your policy has a face value of $100,000 or more, you may qualify to sell your coverage for a lump-sum cash payment.

A life settlement is the legal sale of your life insurance policy to a licensed buyer. In exchange, you receive a cash payout, and the buyer takes over premium payments and becomes the beneficiary. It’s a popular option for people considering selling their life insurance policy they no longer need.

The process is simple:

  1. Submit your policy for review

  2. Determine eligibility

  3. Receive and compare offers from verified buyers

  4. Accept the best offer and get paid
    Summit Life Settlements handles everything for you securely and transparently.

Most permanent policies (whole, universal, indexed universal) qualify, and term life insurance policies can also be sold if they’re convertible to permanent insurance.

Absolutely. Letting a policy lapse means losing all its value. Selling your life insurance policy can turn it into real cash instead of letting it expire with no return.

Payouts vary based on age, health, policy type, and face value. Typically, you can receive 3 to 8 times more than the cash surrender value. Use our free calculator to estimate your policy’s worth.

Summit offers exclusive access to our live auction platform—the Summit Life Marketplace—where buyers compete in real-time to give you the highest offer. We charge no upfront fees and provide personalized, end-to-end support.

Possibly. Proceeds from a life settlement may be subject to taxation depending on your cost basis and how much you receive. We recommend consulting a tax advisor for personalized guidance.

The process typically takes 3 to 6 weeks from policy review to final payment, depending on documentation and buyer response time.

Licensed institutional investors and third-party companies purchase life insurance policies as part of long-term investment strategies. Summit connects you only with vetted, regulated buyers to ensure a safe and compliant sale.