How much is my life insurance policy worth?
When it comes to valuing your life insurance policy, a buyer will look at the total death benefit, the insured’s health history and ultimately their life expectancy, and the expected premiums that will become due over that time. Additionally, they will evaluate specifics of the policy to understand any scheduled policy modifications, such as a term conversion, and any cash surrender value that may have accrued. Using this information, the buyer will determine an amount that it will pay for the policy that hopefully meets your expectations but also enables the buyer to benefit as well.
On average, providers in the life settlement industry pay approximately 21% of the total death benefit. However, this can vary greatly depending on the specifics of your policy and the insured’s health. To receive an estimate for your policy, call (800) 296-5775.