Why would someone sell their life insurance policy?

Why Should I Sell My Life Insurance Policy?

Individuals or entities (such as companies or trusts) sell life insurance policies when the policy is no longer needed and when maintaining the premium payments is not cost effective. Selling the policy is a way to eliminate the premium expense and receive compensation for an unneeded asset.  Policyholders have a wide range of reasons for selling a life insurance policy.  In fact, the life settlement market is growing year over year.  Reasons for selling a life insurance policy for cash include:

  • Overinsured
  • A policy is no longer needed
  • Premiums too expensive
  • Retirement planning
  • Estate planning
  • Need cash for medical bills
  • Qualifying for Medicaid

Why let your life insurance policy lapse?

Most often the alternative to selling the policy is to simply let the insurance lapse for no value or for only the cash value that the policy has accrued.


“A life settlement, in our view, is a legitimate transaction made in the financial interest of the policyholder,” says Michael McRaith, the commissioner of insurance in Illinois and an active regulator in national life settlements issues. There can be valid estate considerations or a change in family circumstances that support the need to sell a life insurance policy, he notes. For example, he said, parents who have had life insurance policies for decades may no longer need or desire to leave death benefits to their grown children. “It might be better for the parents to have access to a cash settlement for that policy,” he said.


“The most important concern for a consumer in any insurance transaction is that the consumer make an informed and educated decision,” McRaith says. And that decision, he emphasizes, “should be in the best interests of their families and not necessarily in the best interest of the person [or firm] who is involved in the commercial aspect of a life insurance transaction.”

“For example, parents who’ve had life insurance policies for decades may no longer need or desire to leave death benefits to their grown children. “It might be better for the parents to have access to a cash settlement for that policy.” -Michael McRaith, Commissioner of Insurance in Illinois

Consider The Alternatives

Do not throw your life insurance away by letting it expire. There may be better options than letting your policy expire or taking the surrender value from the insurance companies.  A life settlement broker can help you get the most out of it by selling your life insurance policy for cash.


Whether medical bills and hospice care are getting too costly or you simply want to maximize the value of your policy for other personal expenses, life settlement brokers make the process of selling your life insurance policy quick and easy.

Sell My Insurance Policy

Who is Windsor Life Settlements?

We are a life settlement broker who has relationships with some of the oldest investors in the life settlement industry. Our knowledge and experience will be put to work for you to generate the maximum value for your life insurance policy.

What are People Saying About Life Settlements?

Life settlements are an excellent way to generate cash from unwanted life insurance policies. Read more to find out if a life settlement is right for you. Read about how much are people getting for their life insurance policies by viewing our recent life settlement cases


See how much people have made selling their life insurance policies for cash. These people have received quick lump-sum payments for unwanted life insurance policies. How does your policy compare? Contact us now!


The Process of Selling Your Life Insurance

How does the process of selling my life insurance policy work? We are here to make the process simple and stress-free. Learn more about how the process works and then let us do all the work for you.


Types of Life Insurance You Can Cash In

Below is a list of types of life insurance policies we can find buyers for. If your policy type is not listed, do not worry, we can surely still find a buyer. Please contact us for more details!

Do you have more questions about life settlements?

We are here to answer all of your questions and to guide you through the process of selling your life insurance policy. If you would like more information regarding life settlements or to speak to one of our agents contact us here or give us a call at 1-888-994-6376.

Sell Your Life Insurance Policy For Cash!

Windsor Life Settlements is a group of life insurance brokers who want to help you sell your life insurance policy. Life settlements and viatical settlements are the best way to achieve maximum value from your life insurance policy.