Author Archives: Thomas Dsouza

What Is a Viatical Settlement? A viatical settlement is a financial arrangement where someone with a life-threatening or chronic illness sells their life insurance policy to a third party in exchange for a lump sum cash payment. The buyer becomes the beneficiary and assumes future premium payments. This allows individuals to unlock immediate funds rather […]

What Is a Life Settlement? For many seniors and policyholders, life insurance was purchased decades ago with a clear purpose—providing financial support to loved ones in case of death. But life changes. And so do financial needs. If you’re holding a life insurance policy you no longer want, need, or can afford, a life settlement […]

What Is a Life Settlement? For many seniors and policyholders, life insurance was purchased decades ago with a clear purpose—providing financial support to loved ones in case of death. But life changes. And so do financial needs. If you’re holding a life insurance policy you no longer want, need, or can afford, a life settlement […]

Choosing the Best Life Settlement Companies If you’re considering selling your life insurance policy, the most important decision you’ll make is which life settlement company to work with. Choosing the right partner can mean the difference between a lowball offer and maximizing your policy’s true market value. This guide will help you understand what life […]

Can I Sell My Life Insurance Policy? If you’ve been paying premiums on a life insurance policy you no longer need—or can no longer afford—you’re not alone. Every year, thousands of Americans ask the same question: Can I sell my life insurance policy? And more importantly, how do I sell my insurance policy for real […]

Turn Your Life Insurance Into Cash If you no longer need your life insurance coverage—or the premiums have become unaffordable—you may be sitting on an untapped financial resource. Selling life insurance through a life settlement can help you turn your policy into a valuable lump sum payout. At Summit Life Settlements, we specialize in guiding […]

Can You Sell a Term Life Insurance Policy? If you have a term life insurance policy that you no longer need or can’t afford to maintain, you may be wondering: Can you sell a term life insurance policy? The short answer is yes—in many cases, a term policy can be sold for cash, especially if […]

Understanding the Life Settlement Market The market where life insurance policies are bought and sold is called the life settlement market. In this secondary market, policyholders sell their existing policies to a third party—usually for a lump sum that is more than the cash surrender value, but less than the death benefit. Once sold, the […]

What Is Cash Surrender Value in Life Insurance? The cash surrender value of a life insurance policy is the amount of money you receive if you decide to terminate, or “surrender,” your policy before it matures or before the insured person passes away. This value is available only in permanent life insurance policies, such as: […]