How It Works

A life settlement is the sale of an existing life insurance policy to a licensed third-party buyer. Here's what makes it different from surrendering your policy:

• More than surrender value - Life settlement buyers typically pay 4-8x more than the insurance company's cash surrender offer.
• Regulated transaction - Life settlements are regulated in 42+ states, with licensed providers and consumer protections.
• No more premiums - Once you sell, you stop paying premiums entirely. The buyer assumes all future premium payments.
• You retain control - You can compare multiple offers and choose the best one, or walk away with no obligation.
• Viatical settlements - If you have a terminal or chronic illness, a viatical settlement may offer even higher payouts.

Here's what the typical process looks like:

1. Application submitted - You provide basic policy and health information through our free form.
2. Policy reviewed - Licensed providers review your policy type, face value, premiums, and health status.
3. Medical underwriting - Providers may request medical records to determine your life expectancy (at their cost).
4. Offers received - You receive competitive offers from multiple licensed buyers.
5. Closing - If you accept, the legal paperwork is completed and ownership transfers to the buyer.
6. Payment received - You receive a lump-sum cash payment, typically within 2-4 weeks of closing.

The entire process from application to payment typically takes 2-4 months. Go Life Settlement connects you with licensed providers at no cost.