A life settlement for retirement involves selling a life insurance policy you no longer need to fund retirement expenses, supplement income, or reduce the burden of ongoing premium payments.
Retirement Planning
You bought life insurance to protect your family. Now the kids are grown, the mortgage is paid, and you're planning for retirement. The coverage you needed at 40 may not make sense at 70.
Instead of surrendering it for pennies or letting it lapse, you can sell it — and use the proceeds to fund the retirement you've earned.
See What Your Policy Is Worth
A life settlement puts a significant lump sum in your hands. What you do with it is entirely up to you.
Enter retirement debt-free. Use your settlement to clear a mortgage, credit balances, or other financial obligations.
Invest the proceeds to create additional income alongside Social Security, pensions, and other retirement assets.
The retirement you imagined shouldn't wait. Settlement proceeds give you the freedom to live it now.
Medical expenses in retirement can be significant. A settlement creates a meaningful financial cushion.
Fund a 529 plan or make a direct gift. Leave a lasting legacy while you're still here to see it.
"Most people don't know their policy has market value. The ones who find out often wish they'd looked sooner."
— Alex Barba, Life Settlement Specialist
There's no obligation to sell. A confidential policy review costs nothing and takes minutes. Find out your number before making any decisions.
Key Takeaway
A life insurance policy you no longer need is a hidden retirement asset. Selling it through a life settlement unlocks cash that was otherwise going to disappear.
Yes. If you no longer need your life insurance coverage — children are grown, mortgage is paid, or your financial situation has changed — selling through a life settlement can provide a lump sum to supplement retirement.
Almost always. Life settlements typically pay 4–7 times the cash surrender value. Before surrendering a policy to fund retirement, get a life settlement valuation to compare.