Sell Your Policy Securely. Get the Highest Life Insurance Buyout.

If you’re asking, “Who buys life insurance policies?” — you’re in the right place. At Summit Life Settlements, we connect you to a trusted network of licensed life insurance policy buyers across the U.S. to ensure you receive maximum value through a competitive life insurance buyout process.

“The right buyer can turn your unused life insurance policy into a meaningful financial opportunity.”

Who Buys Life Insurance Policies?

Life insurance policy buyers are typically institutional investors or licensed life settlement providers who purchase policies from individuals in exchange for a lump-sum cash payout. These buyers take over the policy, continue paying the premiums, and receive the death benefit when the policyholder passes away.

cash value life insurance

How the Life Insurance Buyout Process Works

Here’s how Summit Life Settlements helps you sell your policy with confidence:

  1. Submit Your Policy Details – Start with a free, no-obligation review.
  2. Get Matched with Buyers – We present your policy to a list of companies that buy life insurance policies.
  3. Receive Top Offers – Multiple licensed buyers compete, driving up your payout.
  4. Accept the Best Offer – Choose the buyer and complete the sale with full transparency.

“You’re not alone in this process—we represent you, not the buyers.”

Why Work With a Broker Instead of Going Direct to Buyers?

While some companies buy life insurance policies directly, going through a life settlement broker like Summit ensures:

  • Access to multiple buyers (not just one offer)
  • Stronger negotiating power
  • Higher average payouts
  • Expert handling of paperwork and compliance
  • No upfront costs

We work with only licensed, vetted life insurance policy buyers to protect your interests and maximize your return.

You may be eligible for a life insurance buyout if:

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You’re age 65 or older

 

Lower Monthly Expenses

You have experienced significant health changes

Age and Health Parameters

Your policy has a face value of $100,000 or more

 

Age and Health Parameters

Your term policy is convertible to permanent insurance

 

 List of Companies That Buy Life Insurance Policies

At Summit, we work with a wide range of reputable life settlement providers, including:

  • Licensed life settlement firms
  • Institutional investors
  • Regulated third-party buyers

Instead of selling to a single buyer, we shop your policy to our full list of buyers, ensuring a competitive bidding process to bring you the highest offer available.“

Why Choose Summit Life Settlements?

Summit Life Settlements is a trusted life settlement brokerage—which means we work for you, not the buyer.

With us, you get:

  • Independent access to top-tier buyers
  • A hands-on team that handles everything
  • No fees unless your policy sells
  • A fast, secure, and confidential process
  • Decades of combined industry experience

“More offers. More control. More money in your pocket.”

Schedule a free consultation
Sell Your Life Insurance Policy for Cash: a man and woman holding hands on a beach

Ready to Sell Your Life Insurance Policy?

If you’re thinking: “Can someone buy my life insurance policy?”—we have the answer. And the buyers.

Take the first step today!

“Selling your life insurance policy could be one of the smartest financial moves you’ll ever make.”

Licensed life settlement providers, institutional investors, and specialty financial firms buy life insurance policies from qualifying individuals in exchange for a lump-sum payout.

A life insurance buyout refers to selling your existing policy to a third-party buyer in return for cash. The buyer becomes the new owner and beneficiary.

Yes, there are direct buyers—but going through a brokerage like Summit Life Settlements ensures access to multiple offers, not just one.

Brokers help you maximize your payout by connecting you to several buyers and creating a competitive bidding process—rather than settling for a single offer.

Yes. Life settlements are legal, regulated financial transactions available in most U.S. states. Summit only works with licensed buyers.

You may qualify if you’re 65+, have a policy worth $100,000+, or are facing health challenges. Our advisors will help determine your eligibility.

Whole life, universal life, variable universal, and convertible term policies may be eligible for sale.

The payout varies based on age, health, and policy value—but it’s often 4–10 times more than the cash surrender value.

No. After the sale, the buyer becomes responsible for all future premium payments.

On average, the process takes 6–12 weeks from application to payment.