LIFE SETTLEMENT CALCULATOR
LIFE SETTLEMENTS FEATURED ON
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.
About USOur 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 you avoid letting your policy lapse due to financial challenges or changes in health. They provide an opportunity to maintain the value of your policy while gaining immediate financial benefits.
Cover Medical Bills
Life settlements offer a valuable financial solution for covering medical bills, funding surgery expenses, or securing resources for long-term care.
Financial Freedom
After years of paying life insurance premiums, a life settlement offers a way to unlock extra cash, enhancing your financial freedom. This payout not only boosts your current financial stability but also provides a safety net for future financial challenges.
Fund Your Retirement
Many seniors are unaware that they can sell their life insurance policy. With a life settlement, you can unlock a significant one-time cash payment, empowering you to retire on your own terms and enjoy financial freedom.
Lower Monthly Expenses
Why keep paying for coverage you no longer need? Selling your life insurance policy provides financial relief and frees up extra cash flow, giving you more flexibility and peace of mind each month.
Optimize Your Life Policy’s Value
A life settlement gives you the opportunity to transform your financial liabilities into valuable assets. By selling your policy, you can receive a one-time cash payout that is typically 4 to 10 times higher than the cash surrender value.
FROM BURDEN TO OPPORTUNITY: JIM’S LIFE SETTLEMENT STORY
Meet Jim, a retiree overwhelmed by rising insurance premium payments. On the brink of letting his coverage lapse, he discovered Summit Life Settlements. With a simple online application, Jim accessed our Life Settlement Marketplace. Through a transparent, auction-style process, he received multiple competitive offers, ultimately securing a settlement worth 10 times more than his policy’s cash surrender value. Fast, secure, and hassle-free, Summit’s technology-driven platform transformed his life insurance policy into a financial lifeline, relieving his burdens and restoring peace of mind.
Life Settlement ExamplesWhat 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
Transparent Evaluation Process
Curious if your policy qualifies? Our straightforward evaluation process breaks down the criteria, offering clear insights into eligibility. We make it easy for you to understand your options and unlock the potential value of your life insurance policy.
Settlements Serviced
DIFFERENT TYPES OF LIFE SETTLEMENTS
Life Settlements
A life settlement provides a solution for those who no longer need their life insurance. This option is for those aged 65 or older, as well as those facing health conditions affecting their life expectancy. With a life settlement, the policyowner transfers ownership of the policy to receive a cash payout that can be used to address immediate financial needs, pay debt, or fund retirement.
Viatical Settlements
Viatical settlements offer a financial solution for those facing severe health challenges. Designed for life insurance policyholders with a terminal or chronic illness and a life expectancy of less than two years, viatical settlements provide a cash payment that is higher than a traditional life settlement in exchange for transfer of ownership allowing individuals to focus on their care.
Retained Death Benefit
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.
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
The Best 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.
Frank
Questions Usually Asked
FREQUENTLY ASKED QUESTIONS
What is Summit Life Settlements?
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.
What is a life settlement?
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.
Who qualifies for a life settlement?
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You are age 65 or older (or younger with a serious health condition)
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You own a life insurance policy with a death benefit of $100,000 or more
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The policy is no longer needed, wanted, or affordable
Is Summit Life Settlements licensed?
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.
Can businesses sell life insurance policies too?
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.
Does it cost anything to get a life settlement evaluation?
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.
How does Summit maximize life settlement value?
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.
Is the process secure and swift?
Yes, Summit leverages advanced technology for secure online transactions. Our streamlined process expedites the sale, providing a swift and hassle-free experience.
Can I still benefit with a term policy?
Absolutely. Summit considers various policy types, including term life. Our goal is to optimize the value of your policy, regardless of its structure.
How long does the process take?
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.
What sets Summit apart from other brokers?
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.
How can I get started with Summit?
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.
