What is a Life Insurance Policy Worth? Understanding Life Settlements

If you’re asking, “What’s my policy worth?”, you’re not alone. Many seniors and policyholders considering a Life Settlement want to know how much cash their policy could generate.

The value of a life settlement depends on key factors:

  • Age and health of the insured

  • Type of policy (e.g., term, universal, whole life)

  • Death benefit and premiums

  • Market demand and current investor interest

  • Life expectancy estimates

  • Policy riders (e.g., long-term care)

Generally, older individuals with declining health and larger policies receive higher offers. However, values vary widely—so accurate policy evaluation is essential.

That’s where Summit Life Settlements comes in. As a trusted life settlement broker, we connect you with licensed buyers, driving up competition and maximizing your offer. We manage every step of the process—so you can focus on your financial future.

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Why Use a Life Settlement Broker?

What's My Policy Worth? - life Settlement - Man on a Summit. Why Use a Life Settlement Broker

When you’re wondering, “What’s my policy worth?”life settlement broker can help you understand your eligibility and estimate the potential value of your life insurance policy.

Life Settlement Brokers have the expertise to guide you through the complex life settlement process. They help you at every step, offering advice on market trends and potential offers. Because they work with many life settlement providers, brokers can access a larger pool of buyers meaning you’re more likely to get competitive offers.

Brokers act as the middleman between you and buyers. They keep you informed and empowered, making the experience easier and more transparent.They use their negotiation skills and market knowledge to get the highest price for your policy. Plus, they handle all the paperwork and negotiations, so you don’t have to worry about the details.

Brokers earn a commission only after the sale is complete, so there are no upfront fees for you. This means you get expert help with no obligation to sell and no financial risk.

With their knowledge and focus on customer satisfaction, brokers help you get the best outcome when selling your policy. If you’re thinking about a life settlement, working with a trusted broker like Summit Life Settlements is a smart choice. Our team provides personalized service to understand your unique situation and will work hard to get you the best deal.

We help unlock the hidden value of your life insurance policy and support you in making smart financial decisions. Contact Us today to learn how we can assist you through the process, answer your questions, and help you get the most from your policy.

Why Choose Summit Life Settlements to Represent Your Case?

A life settlement can be a smart financial option if you no longer need or can’t afford your life insurance policy. To get the best value, it’s important to work with a trusted life settlement broker. A good broker understands the market, connects you with serious buyers, and helps you get strong offers for your policy.

At Summit Life Settlements, we make the process simple and stress-free.Our free life settlement calculator is a simple tool that gives you a preliminary estimate to help answer the question, “What’s my policy worth?”

Our Summit Life Marketplace connects policyholders directly with licensed buyers, helping you get the highest value for your policy. We take care of the details so you can focus on what matters most.

Our team carefully reviews your policy, including its cash surrender value and market value, so you can make informed decisions. From your first consultation to the final sale, we guide you every step of the way with expert advice and personal support.

You’ll always know what to expect, thanks to our clear communication and commitment to excellent service. Whether you want to fund retirement, pay for medical costs, or improve your financial situation, a life settlement could be the right move.

Let Summit Life Settlements help you unlock your policy’s full value. Contact Us today to get started!

Five key factors include the type of policy, premium costs, policyholder’s life expectancy, insurance carrier, and policyholder’s location.

Premium costs influence the life settlement value as buyers take over payments to keep the policy active. The premium schedule helps buyers decide how much they’ll pay for the policy.

A permanent life insurance policy with at least a $100,000 face value is needed for a life settlement. Term policies must be converted to permanent plans unless the policyowner is terminally ill with less than two years to live. Generally, higher face values and older policyowners increase value in the secondary market.

Life expectancy is based on the policyowner’s age and health. Typically, older age and poorer health increase the policy’s value. To qualify, the policyowner should be at least 65 years old.

Buyers consider the insurance company’s reliability to ensure it can pay the claim. Policies from higher-rated companies usually fetch higher prices.

Yes, and you should. Working with a life settlement broker ensures your policy is shopped to multiple qualified buyers, creating competition that helps you receive the highest possible offer.

The value of your policy depends on several factors including your age, health status, policy type, death benefit amount, and premium costs. To get an accurate estimate, you can try our free life settlement calculator or our Life Settlement Evaluation Report whihc serve as great preliminary evaluation tools.

Buyers base their offer on your life expectancy—the shorter it is, the higher the policy’s value. That’s because the buyer continues paying premiums until the policy pays out. If you’re in declining or impaired health, your policy is typically more valuable.

Your policy’s cash surrender value is what your insurance company will pay if you cancel the policy. This amount is often much lower than what you could get through a life settlement, especially if your health has changed or premiums are rising.

The first step is a no-cost evaluation from a licensed life settlement broker like Summit Life Settlements. We’ll review your policy, health history, and market conditions to give you a clear idea of your policy’s potential value.

In some cases, a retained death benefit or hybrid option may be available. This allows you to keep a portion of your death benefit while still selling the rest for cash. It can be a great solution if you want both liquidity and future coverage.

Policyholders must be U.S. citizens and residents to qualify. This requirement exists because buyers rely on regular health updates, which are challenging to obtain across international borders due to differences in laws and tracking limitations. U.S. residency ensures smooth compliance and consistent updates throughout the life settlement process.