Do You Qualify for a Life Settlement?
Answer 5 quick questions to find out if your life insurance policy qualifies for a sale — and get a realistic estimate of what you could receive.
How old is the insured?
Life settlements are available to policyholders of any age, but payouts are typically highest for seniors 65 and older.
Complete Life Settlement Eligibility Criteria
Here is a detailed breakdown of every factor that determines whether a life settlement is possible — and how each affects your payout.
Age 65+
The insured must typically be 65 or older. Younger policyholders may qualify with a serious medical condition.
Policy Face Value ≥ $100,000
Most institutional buyers require a minimum death benefit of $100,000. Policies below this threshold are rarely marketable.
Policy In Force 2+ Years
State law typically requires a 2-year contestability period. Policies less than 2 years old cannot be sold in most states.
Qualifying Policy Type
Universal life, whole life, convertible term, and group life policies all qualify. Non-convertible term policies with no cash value rarely qualify unless expiring soon.
Learn more →Insured's Health Status
While good health still allows qualification, policies owned by insureds with serious or chronic illness often generate significantly higher offers.
Learn more →No Current Beneficiary Contest
The policy must not be subject to an active legal dispute or irrevocable beneficiary arrangement that prohibits sale.
Eligibility FAQs
What is the minimum age to sell a life insurance policy?
What is the minimum policy face value for a life settlement?
Can I sell a term life insurance policy?
Does the insured need to be in poor health?
Can a trust-owned policy be sold?
Not Sure? Let Our Team Evaluate Your Policy — Free
Even policies that seem borderline often have real market value. A free, confidential review takes less than 10 minutes and gives you a concrete answer.