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Sell your life insurance policy for cash

Don’t sell or lapse your policy before checking with us to find out what it’s worth.

Find Out If Your Policy Qualifies

 

600,000+

Policies Reviewed

A+

BBB Rating

$6 BILLION+

Delivered to Policyowners1

Turn your life insurance policy into an immediate cash payment.

See What Your Policy Could Be Worth

Life insurance needs change over time. Policies originaly purchased for estate planning, income protection, or business needs may no longer fit your financial goals.

Many policyowners believe that their only options are to let the policy lapse or surrender it to the insurance company. The truth is that life insurance is an asset that can be sold for cash through a transaction known as a life settlement.

If you own a life insurance policy of $100,000 or more, you may be able to sell it for an immediate cash payment.

How selling your policy works

1

Call Coventry Direct

Tell us a little about your policy and the insured’s health

2

Get an evaluation

We’ll let you know if your policy qualifies for a life settlement.

3

Receive an offer

If your policy qualifies, you can receive a cash offer from Coventry.

Get Started >>

Flexible options for selling your policy

Coventry offers two convenient options for selling your life insurance policy.

Enhanced Cash ValueSM

Traditional Life Settlement
Policy Type Universal Life policies including GUL, IUL, VUL, and in certain situations, even term Any policy type, including term life
Minimum Death Benefit $100,000 $100,000
Minimum Age 60 or older 60 or older

Exceptions for those with a significant health impairment
Information Required Insured's age and policy details only Full medical records and policy details
Underwriting No underwriting required Full medical and financial underwriting

No medical exams required
Timeline 1 week or less Timing varies
Best For Policyowners who are healthy or who want a fast, frictionless process Policyowners who have experienced a significant change in health since purchasing the policy

See What Your Policy Could Be Worth

Why sell my life insurance?

Life insurance is most often purchased to protect family, businesses, or investments. As circumstances change, however, so does the need for coverage.

Rather than lapsing or surrendering a policy back to the carrier, life settlements can provide substantially more cash than you would get from any accrued cash surrender value.

For those who don’t want their current policy but still need coverage, there are even options to sell a portion of your policy for cash while maintaining some reduced coverage with no future premiums. It’s called a Retained Death Benefit and is just one of the many options Coventry provides policyowners with underperforming policies.

Get A Free Evaluation

Coverage is no longer needed

Life settlements provide on average 4X more than the carrier would provide if you were to surrender your policy2.

It is too expensive to maintain

Consider a life settlement if the policy is no longer affordable due to increased premium requirements.

Your term policy is expiring soon

Avoid a lapse and make the most of your life insurance before your term policy expires.

You want to increase your retirement funds

Achieve peace of mind by selling your policy to boost your savings and supplement your income.

It’s more life insurance than you need

Retain a portion of your coverage and eliminate future premium payments with a Retained Death Benefit

Request a Brochure