Sell Your Life Insurance Policy in Illinois
Illinois policyholders can sell their life insurance for more than the surrender value. Licensed life settlement providers, free policy appraisal.
Free Policy Appraisal
Find out what your policy is really worth.
Completely Free • No Obligation
If you own a life insurance policy in Illinois that you no longer need, you may be able to sell it for significantly more than the insurance company's cash surrender value. Go Life Settlement connects Illinois policyholders with licensed life settlement providers who typically pay 4-8x more.
We serve 226 cities across Illinois, including Chicago, Rockford, Round Lake Beach, Peoria, Aurora.
Illinois regulates life settlement transactions through the Illinois Department of Insurance. All providers in our network are licensed to conduct life settlement transactions in Illinois.
Illinois requires a 2-year waiting period after policy issuance before the policy can be sold as a life settlement.
Life Settlement Regulations in Illinois
Understanding Illinois's life settlement regulations can help you make informed decisions about selling your life insurance policy. Here are the key facts:
Regulation Status
Illinois regulates life settlement transactions, providing consumer protections for policyholders who sell their policies.
Provider Licensing
Illinois requires life settlement providers and brokers to be licensed before purchasing policies from residents.
Waiting Period
Illinois requires a 2-year waiting period after policy issuance before it can be sold as a life settlement.
Insurance Department
Life settlement transactions in Illinois are overseen by the Illinois Department of Insurance.
Governing Statute
215 ILCS 158/ (Life Settlements Act)
Go Life Settlement connects you with licensed life settlement providers who understand Illinois's regulations and can provide a free, no-obligation policy appraisal.
How It Works
Tell Us About Your Policy
Share your policy type, face value, and basic health information. It takes less than 2 minutes.
Get Matched with Illinois Providers
Licensed life settlement providers serving Illinois review your policy and provide competitive offers.
Receive Your Cash
Accept the best offer and receive a lump-sum payment - typically 4-8x more than the surrender value.
Why Choose Go Life Settlement
More Than Surrender Value
Life settlement buyers typically pay 4-8x more than the insurance company's cash surrender value.
Licensed Providers
Our network consists of licensed life settlement providers regulated by your state's insurance department.
Free Policy Appraisal
Get a free, no-obligation appraisal of your policy's life settlement value. No cost to you.
Confidential & Secure
Your health and policy information is protected and shared only with licensed buyers.
Serving Nationwide
We connect policyholders with licensed providers across all regulated states.
No Pressure
Compare offers at your own pace. No obligation to accept any offer.
Serving Your Area
Go Life Settlement connects policyholders across Illinois with licensed life settlement providers. Free, no-obligation policy appraisal.
Sell Life Insurance Policy in Illinois
Life Settlement
- Chicago (8,609,571)
- Rockford (271,411)
- Round Lake Beach (264,501)
- Peoria (255,063)
- Aurora (179,898)
- Springfield (157,178)
- Champaign (153,687)
- Naperville (150,692)
- Joliet (150,445)
- Bloomington (135,296)
- Elgin (114,934)
- Waukegan (89,076)
- Cicero (82,797)
- Alton (80,162)
- Decatur (80,124)
- Schaumburg (76,868)
- Evanston (76,340)
- Arlington Heights (76,005)
- Bolingbrook (74,096)
- DeKalb (66,570)
- Palatine (66,293)
- Skokie (66,219)
- Kankakee (65,635)
- Des Plaines (59,156)
- Orland Park (57,916)
- Oak Lawn (56,861)
- Berwyn (55,595)
- Mount Prospect (55,472)
- Tinley Park (54,842)
- Normal (53,569)
- Wheaton (53,557)
- Oak Park (53,292)
- Hoffman Estates (51,175)
- Downers Grove (50,054)
- Glenview (47,752)
- Plainfield (46,708)
- Elmhurst (45,671)
- Lombard (43,619)
- Buffalo Grove (42,891)
- Moline (42,197)
- Belleville (41,370)
- Romeoville (41,152)
- Crystal Lake (40,579)
- Bartlett (40,501)
- Carol Stream (39,460)
- Urbana (39,341)
- Quincy (39,109)
- Streamwood (39,001)
- Park Ridge (38,667)
- Wheeling (38,433)
- Carpentersville (37,346)
- Hanover Park (36,732)
- Oswego (36,375)
- Rock Island (36,151)
- Addison (35,489)
- Calumet City (35,100)
- Northbrook (34,585)
- Woodridge (33,941)
- St. Charles (32,854)
- Glendale Heights (32,808)
- O'Fallon (32,262)
- Elk Grove Village (31,987)
- Mundelein (31,915)
- Pekin (31,781)
- North Chicago (30,643)
- Gurnee (30,510)
- Highland Park (30,398)
- Algonquin (30,067)
- Niles (30,064)
- Galesburg (29,481)
- Lake in the Hills (28,800)
- Burbank (28,739)
- Danville (28,595)
- Glen Ellyn (28,390)
- Lansing (28,284)
- McHenry (28,074)
Sell Life Insurance Policy
- New Lenox (28,006)
- Huntley (28,005)
- Wilmette (27,503)
- Batavia (27,151)
- Vernon Hills (26,876)
- Oak Forest (26,805)
- Chicago Heights (26,736)
- Granite City (26,549)
- Edwardsville (26,474)
- Lockport (26,409)
- Woodstock (26,147)
- West Chicago (25,395)
- Belvidere (24,752)
- Morton Grove (24,619)
- Zion (24,600)
- Melrose Park (24,549)
- Homer Glen (24,529)
- South Elgin (24,217)
- Collinsville (24,031)
- Rolling Meadows (24,027)
- Elmwood Park (23,868)
- Westmont (23,724)
- Yorkville (23,617)
- Freeport (23,505)
- Loves Park (23,502)
- Lisle (23,407)
- Maywood (23,201)
- Roselle (22,752)
- Machesney Park (22,630)
- Bloomingdale (22,457)
- Villa Park (22,345)
- East Peoria (22,324)
- Carbondale (22,158)
- Darien (21,879)
- Blue Island (21,741)
- Montgomery (21,515)
- Geneva (21,258)
- Park Forest (21,156)
- Grayslake (20,929)
- South Holland (20,911)
- East Moline (20,904)
- Dolton (20,825)
- Frankfort (20,651)
- Crest Hill (20,628)
- Libertyville (20,525)
- Harvey (20,230)
- Mokena (20,021)
- Lake Zurich (19,832)
- Deerfield (19,518)
- Evergreen Park (19,420)
- Lake Forest (19,416)
- Brookfield (19,331)
- Homewood (19,294)
- North Aurora (18,696)
- Matteson (18,645)
- Round Lake (18,628)
- Bensenville (18,603)
- Alsip (18,583)
- Sycamore (18,559)
- Ottawa (18,447)
- Shorewood (18,343)
- Bellwood (18,256)
- Franklin Park (18,197)
- Palos Hills (18,081)
- Bourbonnais (18,078)
- Jacksonville (18,014)
- East St. Louis (17,999)
- Cary (17,923)
- Lemont (17,820)
- Godfrey (17,712)
- Hinsdale (17,175)
- Cahokia Heights (17,106)
- Charleston (17,062)
- Bridgeview (16,849)
- Marion (16,836)
- Fairview Heights (16,745)
Viatical Settlement
- Morton (16,595)
- Mattoon (16,586)
- Westchester (16,436)
- Country Club Hills (16,324)
- La Grange (15,998)
- Washington (15,919)
- Prospect Heights (15,618)
- Norridge (15,439)
- Bradley (15,325)
- Dixon (14,910)
- Morris (14,898)
- Macomb (14,894)
- Antioch (14,859)
- Warrenville (14,718)
- Sterling (14,717)
- Swansea (14,710)
- Chatham (14,639)
- Shiloh (14,572)
- Hickory Hills (14,526)
- Lindenhurst (14,417)
- Beach Park (14,115)
- Chicago Ridge (14,099)
- Mount Vernon (14,090)
- Wauconda (14,027)
- Glen Carbon (13,977)
- Midlothian (13,948)
- Forest Park (13,943)
- Wood Dale (13,933)
- Channahon (13,927)
- Hazel Crest (13,792)
- La Grange Park (13,447)
- Western Springs (13,446)
- Lincoln (13,281)
- Canton (13,144)
- Lincolnwood (13,112)
- Minooka (12,891)
- Richton Park (12,521)
- Northlake (12,513)
- Winnetka (12,484)
- Rantoul (12,421)
- Effingham (12,342)
- Streator (12,330)
- Justice (12,324)
- Herrin (12,226)
- Plano (12,203)
- Palos Heights (12,152)
- River Forest (11,992)
- Kewanee (11,913)
- Centralia (11,856)
- Troy (11,647)
- Schiller Park (11,393)
- Markham (11,355)
- Pontiac (11,294)
- Burr Ridge (11,141)
- Fox Lake (11,131)
- Waterloo (11,129)
- Columbia (11,127)
- Barrington (11,077)
- Manhattan (11,026)
- Pingree Grove (10,914)
- Campton Hills (10,877)
- Summit (10,846)
- Gages Lake (10,819)
- Roscoe (10,706)
- Worth (10,700)
- Taylorville (10,646)
- Crestwood (10,579)
- River Grove (10,451)
- Riverdale (10,340)
- Lyons (10,339)
- Wood River (10,279)
- Highland (10,262)
- Winfield (10,095)
- Mahomet (10,049)
Illinois Life Settlement Guides
What Our Clients Say
“I was about to surrender my policy for almost nothing. They connected me with a licensed buyer who paid far more than the insurance company offered. I could not believe the difference. So glad I found them.”
“At 74, I didn't need the coverage anymore. The life settlement gave me cash to enjoy retirement. The process was straightforward and the providers were all licensed and professional.”
“My wife's policy premiums were getting too expensive. Instead of letting it lapse, we sold it for a significant lump sum. The appraisal was free and there was no pressure at all.”
Sell Your Life Insurance Policy in Illinois
Illinois policyholders: find out what your policy is really worth. Free appraisal from licensed providers.
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