Your Life Insurance Policy
Has Hidden Value — Unlock It Today
Every Year, Seniors Lose Billions by Letting Policies Lapse for Nothing
You've paid decades of premiums. But when a policy becomes unaffordable — or simply no longer needed — most people have only two choices: let it lapse, or surrender it for pennies.
"The insurance company is counting on you not knowing there's a third option."
A Life Settlement: Get 4–8× More Than the Insurance Company Would Offer
A life settlement is the legal sale of your existing life insurance policy to an institutional buyer — for a lump sum far greater than its cash surrender value.
- ✓ 100% legal and regulated — monitored by state insurance departments
- ✓ No medical exam required — typically age 65+ with $100K+ face value
- ✓ Use proceeds for retirement income, medical expenses, or legacy gifts
- ✓ Free evaluation — no obligation, no cost to find out what your policy is worth
- ✓ We work with multiple buyers to get you the highest offer available
Turn an Unwanted Policy Into Real Retirement Cash
A life settlement is the sale of an existing life insurance policy to a third-party buyer. The buyer pays you a lump sum — more than the cash surrender value but less than the face value — and then takes over premium payments and ultimately receives the death benefit.
It's a regulated, legal transaction that gives policyholders a far better exit option than simply surrendering the policy for its meager cash value or letting it lapse entirely.
Common Reasons People Sell
- 💼Policy no longer neededChildren are grown, mortgage is paid off, or the coverage was for a business that's been sold.
- 💸Premiums have become unaffordableTerm policies near expiration can spike in cost. Rather than let it lapse, sell it instead.
- 🏥Need cash for retirement or medical expensesLiquidate a major asset to fund long-term care or other retirement needs.
- ⏰Policy is about to lapseIf you're about to lose the policy anyway, a life settlement often returns far more than walking away.
- 🛡️Retain a portion of your death benefitIn select cases, you can sell part of your policy, eliminate premium payments, and still leave a portion of the death benefit to your beneficiaries.
Who Typically Qualifies?
Life settlements are most valuable for policyholders who meet these general criteria:
- Age 65 or older
- Life insurance policy with a face value of $100,000 or more
- Health has declined since the policy was originally issued
- Policy type is eligible (see below)
- Premiums are current or policy is still in force
Note: Even if you don't meet all criteria, it's worth a free evaluation. Younger policyowners with significant health decline may also qualify. We've seen cases that surprised everyone.
What Policy Types Qualify?
Most types of life insurance can be sold in a life settlement — including:
How a Life Settlement Works
Our process is transparent, confidential, and puts you in control at every step.
Free Consultation
We review your policy details, health situation, and financial goals to determine if a life settlement makes sense for you. No obligation, no pressure.
Policy Evaluation
No medical exam required. We gather your policy documents and, where needed, medical records — then prepare your case for submission to the buyer marketplace.
Competitive Bidding
Your policy goes to auction with multiple licensed institutional buyers competing for it. More competition means a higher offer for you.
You Decide
You receive every offer with full transparency and zero pressure. Accept, decline, or explore a retained death benefit arrangement — the choice is entirely yours.
Why Competitive Bidding Gets You More Money
Most policyowners don't realize that the offer you receive depends almost entirely on how many buyers see your policy. Rodney's relationships with the nation's leading life settlement platforms mean your policy enters the most competitive marketplace available.
"More buyers competing for your policy = a higher offer. That's not a theory — it's basic auction economics."
Ashar Group's proprietary auction platform brings multiple institutional buyers into direct competition for your policy — driving up offers. Their singular fiduciary duty is to you, the policyowner, not to any buyer.
- ✓ Proprietary auction: multiple buyers compete simultaneously
- ✓ No medical exam required in most cases
- ✓ Featured: Harvard, Columbia Business School, AICPA
- ✓ "Your Best Interest Is Our Only Interest"
5-Step Process: Estimate of Value → Underwriting → Price Discovery Auction → Contracting → Settlement Proceeds
Coventry Direct has delivered over $6 billion to policyowners — more than any other provider. They've reviewed over 600,000 policies and offer two distinct settlement paths to maximize your outcome.
No medical underwriting · As fast as 1 week · Universal Life policies
Full medical underwriting · Any policy type · Maximum payout potential
Retained Death Benefit: You can sell a portion of your policy — eliminating premiums while keeping part of the death benefit for your heirs.
Rodney's working relationships with both platforms mean your policy gets seen by the right buyers — not just one.
Start My Free Policy Evaluation →Real Results. Real People. Real Numbers.
The following are documented life settlement cases from Ashar Group — one of the nation's leading life settlement auction platforms and a Rodney Cummings partner firm. These are not estimates or projections. These are actual outcomes.
Source: Ashar Group documented case studies. These are actual settled transactions, not projections. Individual results depend on age, health, policy type, face value, and prevailing market conditions. Past cases do not guarantee future results — but they do illustrate what's possible when your policy goes through a competitive auction process rather than a single-buyer direct sale.
Rodney Cummings
Life Settlement Specialist
Rodney helps policyholders across Oregon and the nation navigate the life settlement process — from initial evaluation to final settlement. With access to a competitive marketplace of licensed institutional buyers, he works to maximize the value you receive for your policy.
- Free, no-obligation policy evaluation
- Competitive bids from multiple licensed buyers
- Confidential process from start to finish
- 30+ years of financial advisory experience
Frequently Asked Questions
Is a life settlement legal?
Yes. Life settlements are legal and regulated in most U.S. states. They're a well-established financial option that has been available since the 1990s. All transactions must be disclosed and are handled through licensed providers.
How much will I receive for my policy?
The settlement amount depends on factors including your age, health status, policy size, type, and the current market for buyers. On average, policyholders receive 20–40% of the policy's face value — and 4 to 8 times more than the cash surrender value. We'll get you real bids so you'll know exactly what your policy is worth.
Will the sale of my policy be taxable?
Life settlement proceeds may be partially taxable. Generally, the amount above your cost basis (premiums paid) may be subject to income or capital gains tax. We strongly recommend consulting with your tax advisor. We can help connect you with resources as needed.
How long does the life settlement process take?
The typical life settlement process takes 2–4 months from initial application to receiving funds. This includes gathering policy and medical information, submitting to buyers, receiving bids, completing legal paperwork, and funding the transaction.
What if my policy is about to lapse?
Time is critical if your policy is at risk of lapsing. Contact us immediately — even a policy that hasn't lapsed yet may qualify. Once a policy lapses, you lose all rights to any value. A life settlement can turn that impending loss into meaningful cash.
What is a viatical settlement — and how is it different?
A viatical settlement is similar to a life settlement but applies specifically to policyholders who are terminally ill (typically with a life expectancy of 24 months or less). Viatical settlements often yield higher proceeds because the buyer receives the death benefit sooner. They are also frequently tax-free for the seller. If you or a loved one is facing a terminal diagnosis, contact us for a confidential evaluation.
Need New Coverage?
Replacing your old policy? We can build a better one.
After your life settlement, you may want a new policy that works harder for you. IUL and Fixed Index Annuities offer tax-free growth, living benefits, and protection from market loss — with no premiums to worry about.
Request Your Free Policy Evaluation
Takes less than 2 minutes. Rodney will review your policy details and reach out within one business day — no cost, no obligation.
Free evaluation · No obligation · Confidential
Have questions about selling your life insurance policy?
Read Our Complete Life Settlement FAQ →Also From Legacy Wealth Services
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