How Selling Your Life Insurance Policy Works
There are three steps to the process.
Step 1: Qualify
First, we will need to know some basic policy and health information. You can provide this information by completing our online form or by calling us at 1.800.COVENTRY or 1.800.268.3687 to speak directly with a policy specialist.
Step 2: Document Submission & Review
This portion of the process consists of signing an authorization that allows us to gather copies of your medical records and life insurance policy information.
Step 3: Offer & Acceptance
Once the value of your policy is determined, you may receive an offer from Coventry First, our licensed life settlement provider. You can choose between selling your entire policy for cash or keeping part of your policy’s death benefit while eliminating future premium obligations.
Timing varies and depends on how long it takes to receive and evaluate your medical records, how soon you are able to sign and return documents and how quickly your life insurance company transfers ownership.