Your policy, your choice – know your options
PolicyBank® was created by life insurance experts with more than 100 years of combined industry experience who recognized a troubling reality: billions of dollars in life insurance value disappear needlessly every year.
The Problem We’re Solving
More than $600 billion in life insurance vanishes into thin air annually, with approximately $100 billion lost by seniors whose policies could have been sold for cash instead. The statistics are staggering—about 98% of Term Life policies and more than 85% of Universal Life policies never result in a death claim. (ACLI Fact Book, 2021) Yet most policyowners don’t realize they have alternatives beyond letting their coverage lapse or surrendering it for minimal cash value.
Our Mission
We exist to bridge the gap between policyowners and opportunity. PolicyBank® serves as an educational resource, connecting consumers who may benefit from a life settlement with licensed professionals who can explain their options. Our goal is simple: ensure policyowners make informed decisions about their life insurance, armed with complete information about all available alternatives.
How We Help
When you work with PolicyBank®, you’re accessing a network of licensed professionals who understand the complexities of life settlements. On average, policyowners who sell their life insurance receive 8x more than they would from surrendering the policy for its cash value. (Annual Market Data Collection Survey by Life Insurance Settlement Association, 2021)
Your Trusted Resource
As an informational platform, we’re committed to transparency and education first. We believe every policyowner deserves to understand their full range of options before making decisions about their life insurance coverage.