Best 10 Life Settlement Companies [The Definitive Guide] [Updated for 2022]
Questions To Ask Every Life Settlement Broker
November 13, 2020
Best Life Settlement Companies For 2023
February 20, 2023
A Life Settlement Company, also known as a life settlement buyer, life settlement provider, or a viatical settlement provider, is a company that purchases life insurance policies. Life Settlement and Viatical Settlement Companies work directly with consumers (policy owners), with licensed life settlement brokers, life insurance agents, and with financial advisors. In exchange for selling a life insurance policy, a seller (policy owner) receives a lump sum cash payment, or a retained death benefit life settlement.
The Best 10 Life Settlement Companies of 2022 was compiled from Life Policy Solutions experience as a leading life settlement broker working with each of these companies over the last 23 years.
As a consumer you have a choice to either sell your policy directly to a life settlement company, or you can chose to work with a life settlement broker such as Life Policy Solutions, who works on the seller’s behalf to represent, or shop, the life insurance policy to all buyers at the same time, which in turn can increase the life settlement offer. We believe it is always in a policy owner’s best interest to work with a life settlement broker, as their experience, industry knowledge, buyer relationships, and ability to negotiate the sale can result in more cash in the seller’s pocket. A life settlement broker works for and in the best interest of only the seller, whereas a direct life settlement company works in their company’s best interest only.
Life Policy Solutions, a licensed life settlement broker since 1999, can help guide and represent you through all options for selling a life insurance policy as a life settlement. We have long established, successful relationships with all life settlement providers, including the 10 best life settlement companies of 2022. We can be reached at 844-440-7355, or www.cashoutlifeinsurance.com.
Top 10 Best Life Settlement Companies [2022 Edition]
- Coventry
- Abacus Life Settlements
- Magna Life Settlements
- Maple Life Financial
- Institutional Life Services
- Life Equity
- GWG Life
- Berkshire Settlements
- Q Capital
- Habersham Funding
To Learn How Much Your Life Insurance Policy Is Worth, or To Qualify For A Life Settlement Click Here
Get the Highest Life Settlement Offer and Viatical Settlement Offer with the services of Life Policy Solutions. We guarantee you the most cash by shopping your policy to All Buyers and negotiating offers to ensure you receive the most cash to Sell Your Life Insurance Policy
Coventry
You may be familiar with Coventry Direct from their Sell Your Life Insurance commercial on tv. Coventry has lead the way for the last 35 years in the life settlement industry. They are often times considered the leader of the pack, and the largest life settlement company. Coventry created the secondary market for life insurance and pioneered the resulting life settlement industry.
Coventry’s efforts have delivered more than $4 billion to policy owners and opened a wealth of opportunities for consumers, financial professionals, and institutional investors alike.
Today, Coventry continues to drive the industry forward. Coventry’s deep experience combined with a fierce commitment to consumer rights makes Coventry the clear market leader, a position we use to continually raise industry standards and expand consumer choice.
Coventry works directly with consumers, with life settlement brokers, and with financial advisors. They answer the important questions such as, Should I Sell My Life Insurance Policy? and When Selling A Life Insurance Policy Makes Sense.
Coventry has been a Charter Member of LISA since 1998.
To learn more about Coventry visit www.coventrydirect.com or call 1-800-268-3687
Abacus Life Settlements
Abacus Life Settlements is one of the largest direct life settlement provider and buyer since it was founded in 2004 . Abacus works with multiple institutional funders to ensure the life settlement offers they make represent real value.
Abacus empowers policy owners with the information they need to decide if selling a life insurance policy is the right decision. They walk policy owners through the life settlement process showing the valuation, the underwriting, cost and returns, so that policy owners understand their options and can make an informed decision.
Abacus was noted as the #2 life settlement buyer in the nation, and continues to grow year over year.
Abacus offers a learning center, blog, and one step qualifier.
Abacus has been a Voting Member of LISA since 2005.
To learn more about Abacus Life Settlements visit www.abacuslifesettlements.com or call 1-800-561-4148.
Magna Life Settlements
Magna wants to change the way you think about life insurance. Magna Life Settlements wants their clients to know that they lead by experience and knowledge to help you make the most informed decision when selling a life insurance policy.
Magna is a leading life settlement provider since 2004 and is licensed to operate in every state. A life settlement transaction with Magna is highly regulated for maximum consumer awareness, transparency, and protection.
Magna’s expert team of life settlement advisors walks policy owners through the entire life settlement process and are available to answer each and every question.
Magna offers a streamlined life settlement calculator that uses a proprietary algorithm to provide an accurate life settlement value.
Magna has been a Voting Member of LISA since 2003.
To learn more about Magna Life Settlements visit www.magnalifesettlements.com or call 1-888-996-2475.
Maple Life Financial
Maple Life is a premier brand in the life settlement market, providing best in class life settlement services direct to consumer, life settlement brokers, and financial advisors. Maple has been a leading life settlement company since the industry first emerged.
With an in house team of life settlement experts, medical underwriters, attorneys, and financial analysts, Maple employs state of the art tools to offer superior service and life settlement guidance.
Maple Life’s senior team offer industry specific leadership and are frequent speakers and presenters at industry events and publications.
To learn more about Maple Life Financial visit www.maplelifefinancial.com or call 1-877-777-0635
Institutional Life Services
Institutional Life Services is dedicated to leading the life settlement industry. The company originated in 2007 as a joint venture between Goldman Sachs, Genworth Financial and National Financial Partners. Now owned by it’s management team, ILS has purchased over $1 billion in life insurance policy benefits on behalf of institutional clients in the secondary market and now bases in Nashville, TN. The success of ILS has been built on ethical practices and transparency in compliance. Known for its credibility across a wide range of life settlement investors, ILS continually raises industry standards and strives to add value to each asset and customer.
To learn more about Institutional Life Services visit www.ils-us.com, or call 212-786-5710
Life Equity
Life Equity is a leader in unlocking a wealth of opportunities to policy owners, financial advisors, and institutional investors through the secondary market for life insurance.
Founded in 2000, Life Equity is one of the most experienced life settlement providers and purchasers of life insurance polices and annuities.
Life Equity has built their relationship by providing outstanding service while adhering to highest ethical, professional, and legal standards.
Life Equity is a member of the Coventry Group Of Companies, as well as a Charter Member of LISA since 2001.
To learn more about Life Equity visit www.LifeEquity.com or call 1-330-655-7500.
GWG Life
GWG helps life insurance owners maximize their investment in life insurance by offering the opportunity to exchange the policy for solutions that meet the common financial challenges faced by seniors and their caregivers.
GWG is a trusted partner and industry leader offering their LifeCareXchange Program. The program offers policy owners four options:
• PROTECTION – Xchange your insurance benefit and retain a portion of the death benefit while relieving all future premium responsibilities.
• INCOME – Xchange your insurance benefit for an annuity and begin receiving income for life.
• LTC BENEFIT – Xchange your insurance benefit for Long Term Care plan to cover healthcare and living expenses
• LUMP SUM – Xchange your insurance benefit for a lump sum cash payout
GWG has been a Voting Member of LISA since 2006.
To learn more about GWG visit www.GWGlife.com or call 1-877-494-2388
Berkshire Settlements
Berkshire can help you exchange your life insurance policy for the financial resources needed to live your life to the fullest when it matters most.
Berkshire Settlements is a dynamic life settlement provider company with a strong focus on the unique objectives of their clients.
Their strength lies in their ability to adapt to policy owner’s needs by offering leading life settlement solutions.
Berkshire works directly with Policy Owners and their families, Life Settlement Brokers, Financial Advisors, and Life Insurance Agents.
Berkshire Settlements has been a Voting Member of LISA since 2011.
To learn more about Berkshire Settlements please visit www.berkshiresettlements.com or call 1-800-233-1745.
Q Capital
Q Capital Strategies has a simple goal, to offer unparalleled life settlement expertise to individuals looking for a new financial opportunity. Q Capital wants to help policy owners and their families cash out their life insurance policy for more than they could get by surrendering their policy to the original issuer of the policy.
Q Capital purchases life insurance policies with face amounts in the range of $100,000 to $10,000,000, and on insureds as young as 60. They purchase various types of insurance products including universal life, variable life, whole life, convertible term, and survivorship policies.
Q Capital Manages all the policies it owns through its own internal servicing department.
Q Capital has been a Voting Member of LISA since 2004.
To learn more about Q Capital Strategies visit www.qcapital.com or call 1-800-554-2145.
Habersham Funding
Habersham Funding is the authority in the life settlement market. With powerful experience in the life settlement industry and as life insurance agents, the principals at Habersham Funding have the know-how to transact the most complex and challenging life settlement transactions. Through solid relationships with multiple leading financing entities, Habersham Funding provides a comprehensive selection of settlements.
Habersham Funding considers themselves the life settlement provider of choice with life insurance agents, brokers, attorneys, financial advisors, and policy owners.
Habersham Funding has the experience and financial capability to buy the widest variety of life insurance policies, including Term, Whole Life, Universal Life, Variable, Group, Survivorship, and Corporate and Trust Owned.
Habersham Funding has been a Voting Member of LISA since 2005.
To learn more about Habersham Funding visit www.habershamfunding.com or call 1-404-233-8275.
How Do I Sell My Life Insurance Policy
Now that you know the Best Life Settlement Companies for 2022, the question may still remain, How Do I sell My Life Insurance Policy?
You have two options available, contact the life settlement companies directly to sell your policy, or you can work with a licensed life settlement broker in your state who will represent and submit your policy to all buyers.
There are advantages to each option above, however as licensed life settlement brokers ourselves, we suggest you work with a broker to ensure your receive maximum life settlement exposure and guidance in the marketplace. A life settlement broker can utilize their network and relationships with life settlement buyers to obtain the best and highest offer for the sale of your life insurance policy. It is important to note that a life settlement broker will ask for a commission for their services.
To learn more about a life settlement broker please visit our informative article “Who Does A Life Settlement Broker Represent”
To contact Life Policy Solutions, a licensed life settlement broker, please visit our website www.CashOutLifeInsurance.com or call us direct at 844-440-7355.
To learn more about life settlements in your state, including life settlement provider and broker information, life settlement guides and advice, and industry news, please visit LISA, the Life Insurance Settlement Association at www.lisa.org or call 1-202-580-6188.
