Our process is designed to make selling your life insurance policy simple, fast, and secure:
Use our secure online form to request a free, no-obligation policy review.
We’ll determine if your policy qualifies based on age, health, and value.
We present your policy to licensed buyers and bring you the highest bids.
Once you accept an offer, receive your payout quickly and safely.
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.”
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:
Fill out our secure form to provide basic policy and health info.
Our experts evaluate whether your policy qualifies based on key factors.
We connect you with multiple verified buyers and negotiate the best deal.
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.”
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.
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.
If you’ve been asking:
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.”
Our trusted process ensures a seamless, transparent experience from start to finish—empowering you to make confident, informed decisions about your financial future.
“Choosing the best company to sell your life insurance policy to means trusting experience, integrity, and proven results.”
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:
Submit your policy for review
Determine eligibility
Receive and compare offers from verified buyers
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.