According to the Life Insurance Settlement Association (LISA), each year more than $100 billion dollars of life insurance payouts are allowed to lapse simply because policy owners don’t know they can sell their policy. Worse than that, many policy owners decide to surrender their policy for less than it’s worth.
Your life insurance policy is your personal property, it is an asset and you can convert it to cash with a life settlement.
WHY you may be looking to sell your Whole LIfe Policy:

No longer see it as a wise investment

Would like to purchase a different kind of life insurance

Can’t afford to keep paying the premiums

Need immediate cash for medical issues, college tuition, down payment, etc.
Whatever your reason is for looking to cash in, we want to be sure you have the best options available. Read more on what a “typical” life settlement entails and how Aspen Life can help you.
WHat is a Typical Life Settlement?
A typical life settlement involves the sale by the owner of an existing life insurance policy to a third-party investor for an amount that is typically greater than its cash surrender value, but less than the policy’s full benefit.
The seller receives an upfront cash payment and the buyer assumes responsibility for all ongoing premium payments. When the insured passes away, the investor collects the policy’s full benefit and the beneficiaries get nothing.
- 65 or older and/or in poor terminal health
- Have a policy with at least $1,000,000 of death benefit
- Qualification process can take months and requires multiple doctor reports and medical records prior to knowing if there will even be an acceptable offer
- Provide you with cash and let your family retain the coverage
- We’re interested in most Whole Life insurance policies and some IUL policies
- Your age or current health condition is not a contributing factor
- We look to grow our money inside the cash values of your policy, so we want you to live as long as possible.
- We typically pay you the same for your policy as if you just surrendered it to the insurance company
- We can get your money in as little as 1-2 weeks
- You and your beneficiaries get to keep the death benefit (minus last available cash values)
Are You Ready to Get Started?
After filling out our form and answering a few questions, a friendly representative will be in touch shortly.