Sell Your

Life Insurance Policy For Cash

Free Consultation

No Settlement - No Fee

Can I Get Cash For My

Life Insurance Policy?

Yes. Life insurance is an asset that can be sold just like your home. When you sell your life insurance policy––a process known as a Life Settlement, you receive a lump-sum cash payment. The purchaser takes over future premium obligations and receives the death benefit when the insured passes away.


Policyowners frequently outgrow the usefulness of their life insurance. Unfortunately, many people let their insurance policy lapse and lose the benefit of all you premium paid over the years. Heritage Life Settlements turns your life policy into cash.


A Life Settlement is a more lucrative option than lapsing or surrendering a life insurance policy and provides 4 to 6 times more than the cash surrender value.


The BIG SECRET in the Life Settlements Industry which explains why you get more cash with Heritage:

As investor groups, our competitors purchase your policy with their own money, and can resell it to hedge-funds for a profit. Therefore, they must pay you less cash for your policy.


On the other hand, HERITAGE is supported by an established law firm and works on your behalf to obtain the highest bid from our nationwide network of investors. We simply take a modest contingency fee when you are paid out. Therefore, you receive more cash with Heritage!


See How Much More You Can Get With Heritage:

Just a few real-life examples of past and current differences between the initial lowball offers of our competitors as opposed to our incredibly higher results. The public’s not aware of the structure of our competitors but now you know the differences:

Initial Offer From Competitors vs. Final Settlement With Heritage:

$10,000...............$20,000

$20,000...............$80,000

$20,000............$230,000

$10,000...........$180,000*

It may be hard to believe, but these companies offer so little it in the beginning because the public has no idea what their insurance policies are worth. They're pressured to maximize their profit to pay for their substantial advertising and marketing fees along with investors. At Heritage, don't have investors, all we take is our modest contingency fee. No Settlement, No Fee.

*still negotiating

Why Sell Your Policy? 


  • Receive a quick cash infusion
  • Stop paying expensive premiums
  • Financial Flexibility: Debt consolidation, home improvements, travel, or more.
  • Retain a portion of your policy without paying future premiums.


To Qualify:


  • Policy: Must have a death benefit of at least $100,000.
  • Age: 65 or older. Younger individuals with significant health conditions may also qualify.
  • Policy Type: Permanent life insurance policies like Whole Life, Universal Life or Term.

Heritage Clients are Protected by an Established Law Firm

 Founder, Alan Buckholtz,  Esq.

  • Judge Pro Tem, LA Superior Court
  • Prosecutor, LA County DA's Office
  • Lecturer, USC - Masters' Insur. Course
  • Over 500 Court and Jury Trials
  • LA Superior Court Mediator


  • LA County Small Bus. Commissioner
  • Arbitrator, American Trial Lawyers
  • Apptd. LA County Tax Appeals Board
  • Certified for Calif./Federal Courts
  • Consultant to Major Law Firms


Alan Buckholtz
A black and white icon of a gavel and a piece of paper.

Personalized Attention

A black and white icon of a handshake with a dollar sign.

No Settlement – No Fee

A black and white silhouette of a scale of justice on a white background.

35+ Years Experience

Law

Confidentiality, Transparency

A black and white icon of a piece of paper with a scale of justice on it.

Free Consultation

A black and white icon of a judge 's gavel on a white background.

Constant Status Update

Heritage Life Settlements FAQs

Have a Life Settlements-related question?  Check out these FAQs and give us a call today for more information!

  • What is a life settlement?

    A life settlement is a financial transaction in which a policyowner sells an unneeded life insurance policy for more than its surrender value.

  • How can a life settlement help me?

    Selling your policy can supplement your retirement income, free up cash that was being used to pay premiums, fund a long-term care policy, cover unexpected medical expenses or pay off debt. You can use the money for anything you choose.


    And if you still need insurance, you can retain a portion of your coverage while eliminating your ongoing premium payments.

  • What types of life insurance policies can be sold?

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

  • How much can I expect to receive if I sell my policy

    Those who choose to sell their life insurance policy receive on average more than four times what they would receive from surrendering their policy back to the life insurance company. (London Business School Study, June 2013). However, every case is different. The size of the payment is determined by factors such as your health, the type of insurance policy you have and the policy’s premiums.

  • Why doesn't Heritage Life Settlements use a life settlement calculator?

    Life settlement calculators are commonly misleading to owners of insurance policies. They only provide rough estimates of value that are often incorrect. We refuse to do anything that would mislead our clients.


    The most honest approach is that of Heritage by focusing directly on clients' individual circumstances.

  • Can I use the cash from selling my policy any way I want?

    YES!

  • Do I qualify for a life settlement?

    If your life insurance policy is at least $100,000 and you have had an adverse change in health, you may qualify to sell your policy.

  • Can I sell a portion of my life insurance?

    Yes, you can sell your policy, eliminate premium payments and keep a portion of the death benefit.

  • Is my information kept confidential?

    YES, always. 

  • If life settlements taxed, how and when?

    The Tax Cuts & Job Act of 2017 (TCJA) simplified the tax consequences of selling your policy. Unless an exception is met, proceeds will be taxed as follows:


    1. For insureds who meet the IRS definition of “terminally ill individual” or “chronically ill individual,” the entire amount of the sale proceeds can be received tax-free.


    2. Tax Free – Proceeds you receive up to your tax basis (i.e., the total amount of premiums you paid over time) are not taxable.


    3. Ordinary Income – Proceeds you receive in excess of your tax basis up to the amount of your policy’s cash surrender value are taxed as ordinary income.


    4. Capital Gains – Remaining proceeds are taxed as capital gains.



American Bar Association