Your questions answered...

Currently, we are seeking whole life insurance policies from carriers like:

  • MassMutual
  • Northwestern Mutual
  • Ohio National
  • Guardian Life
  • New York Life
  • Penn Mutual
  • Pacific Life
  • Met Life

…and more.

We may be interested in buying other types of life insurance as well. Call us to see if your policy might qualify.

It depends… You and your trusted advisor(s) need to decide if it is your best interest to sell or surrender your policy. Here are some of the considerations:
  • Is the policy no longer needed?
  • Can you afford the premiums?
  • Would the cash values be better utilized paying off debt, etc.?
  • Will the policy lapse anyway?
  • Is there adequate coverage available to you at a lower cost?
  • Will I qualify for a new insurance policy in the future?
  • Have any tax considerations been considered?
  • Would the sale of your policy affect your eligibility for public assistance programs?
We can help you with many of the questions that you might have. Call us at (208) 297-2712 or email us at​ Support@AspenLifeSettlements.com.

In most cases, you will receive whatever the current cash surrender value is and you’ll be able to name the beneficiaries of the death benefit minus any current cash values that the policy had just prior to the death of the insured.

Here are a few fictitious examples describing various possibilities:

Example 1:

Current Death Benefit of Policy: $334,000
Current Cash Value of Policy: $110,000

Aspen would normally pay $110,000 for the policy in as little as 1-2 weeks. If the Insured died a week later, the designated beneficiaries named by you would receive $224,000.

Example 2:

Current Death Benefit of Policy: $334,000
Current Cash Value of Policy: $110,000

Aspen would normally pay $110,000 for the policy in as little as 1-2 weeks. If the Policy is later converted at some future date to a reduced paid up policy with a death benefit of $240,000 and the future cash value grew to be worth $125,000. If Insured died at that point, the designated beneficiaries named by Owner(s) would receive $115,000.

Example 3:

Current Death Benefit of Policy: $334,000
Current Cash Value of Policy: $110,000

Two years later, Provider decides to surrender policy. If the Insured died after that point, the designated beneficiaries named by Owner(s) would receive $0.


The life settlement industry is a highly regulated industry with a ton of regulatory oversight. US courts have declared insurance policies to be personal property of the owner and as such, can be sold, assigned, transferred, used as collateral, etc.

Most states actually require the insurance companies to disclose to anyone attempting to surrender their policies that they may receive more if the policies are sold to a third party.

You are not restricted to give up your policy for only what the insurance company will give you!

All our transactions go through a 3rd party escrow, similar to the process used when closing on a new home. This ensures that all transactions are transparent and performed exactly according to current laws and regulations.

If you are prompt in getting Aspen the needed paperwork, the part of the transaction that takes longest is waiting for the insurance company to get us the needed information.

We will need an Inforce illustration from them which normally only takes a day or two to get you a solid quote.

We can have papers ready to sign in another day upon your acceptance of our offer.

Upon signing all documents, we will need the insurance company to confirm transfer of the policy and funds will transfer to you within 3 business days.

The time it takes the insurance company to recognize the transfer is the biggest variable and will vary from company to company.

Altogether, you could have your money in as little as 1-2 weeks.


We aren’t interested in making more when something happens to you. We want a conservative place to park and grow our money and hope you live a long, long time.

You will be able to name the beneficiaries for the death benefit, minus the last cash values available just prior to death.

We will continue to pay premiums and cash values will increase over time.

Death benefits typically continue to grow as well, which means your beneficiaries or selected charity would be expected to receive a great benefit from your forethought, whether it is sooner or (hopefully) much, much later.

Aspen Life Settlements or an investor that Aspen is buying your policy on behalf of, will be the new owner of your policy.

We (or the new investor) intends on keeping your policy for the rest of your life and will have control over reducing the death benefit and/or reduce/eliminate premium payment requirements or even surrender the policy at some point.

While most of these choices would defeat the main reason why Aspen or another investor would want to purchase your policy in the first place, these are very real possibilities that would reduce the value of the death benefit and in the case of a surrender, would eliminate the death benefit and the policy as well.

No one other than you, however, will ever be able to name any beneficiaries as long as the policy is active.

Because of these possibilities, you will want to make sure to carry adequate amounts of life insurance coverage that you own outside of the policy that you are selling to Aspen.

Again, surrendering the policy would not be our intention and doing so would be counter-productive for us, but is a possibility.


Your rights, however, would continue with any future owner.

Emphatically, Yes!

There are very strict laws regarding your private information.

We and any other investor that may own your policy will always be required to safeguard your private information.

A copy of our privacy policy can be found here.

It depends, but probably.

There is a limit to the amount of life insurance that the insurance companies will issue. It is dependent, among other things, on your income and health status.

Consult with us and your own trusted professionals regarding this matter.

Currently, we are allowed to buy policies in the following states:

  • Alabama
  • Idaho
  • Missouri
  • South Carolina
  • South Dakota
  • Wyoming

If you live in any other state and are interested in selling your policy, let us know and we may register in that state or refer you to another company that is licensed in that state.

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