What Is a Life Settlement & Why Don't Most Seniors Know About It?

A life settlement is the sale of an existing life insurance policy by the policyholder to a third-party buyer for a lump sum cash payment greater than the policy's cash surrender value.

The concept is simple: your life insurance policy is an asset. Like other assets, it can be sold. The buyer pays you cash today, assumes responsibility for future premium payments, and collects the death benefit when the time comes.

Why don't most seniors know about life settlements? Because the life insurance industry has little incentive to promote them. Insurance companies prefer that policyholders either keep paying premiums or surrender the policy for a fraction of its value.

Who qualifies for a life settlement? Generally, policyholders who are age 62 or older with a life insurance policy of $100,000 or more in death benefit. Health history, policy type, and current premium costs are all factors in the evaluation.

The process at Eagles Soar Enterprises is straightforward: Jack Davis reviews your policy at no cost, presents any qualifying cash offers from over 50 third-party funders, and you decide whether to proceed. No pressure, no obligation.

To find out what your policy may be worth, call or text Jack at 727.735.3200, or email [email protected]. The appraisal is completely free.