Are you eligible to sell your life insurance policy?

You're age 65 or older.

Younger policyowners may qualify if other factors are met.

You've had a change in health.

You may qualify if you’ve experienced a decline in health since you first purchased your policy.

You own a life insurance policy of $100,000 or more.

Most types of life insurance qualify, including universal life, whole life, variable life, survivorship, group life, and even term life.

Reasons to sell your life insurance policy.

Like many Americans, you purchased life insurance to protect your family or business. As circumstances change, however, so does your need for coverage, and considering a company to buy back your policy might be a great option. You may want to consider selling your life insurance policy if:

It is too expensive to maintain.

Consider a life settlement if your policy is no longer affordable due to increased premium payments.

Your term policy is expiring soon.

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

You need help to pay for medical care.

Use a life settlement to help cover your immediate needs and alleviate the stress of medical expenses.

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.

See if I qualify

What Does Selling Your Life Insurance Policy Mean?

Life insurance is an asset that can be sold just like your home or automobile. When you sell your life insurance policy––a process known as a life settlement––you receive a lump-sum cash payment or a combination of cash and coverage with no future premium obligations. The purchaser takes over future premium obligations and receives the death benefit when the insured passes away.

A life settlement is a more lucrative option than lapsing or surrendering a life insurance policy and provides, on average, four times more than the cash surrender value.

Check out our customer reviews to learn more about the benefits of working with Coventry Direct.

Request a brochure.

Inside, you’ll find more information about us and the process of selling your policy.


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We’re here to help. Speak with a Policy Specialist today at 1-800-COVENTRY