➤ 85% of Term Life Policies Lapse Without a Payout
Most term policies don’t pay out because they lapse or are surrendered before the death benefit is triggered.
➤ Life Settlements Can Yield 4x – 12x More Than Cash Surrender Value
Policyholders can often receive four to twelve times more by selling their life insurance policy rather than surrendering it.
➤ $200 Billion in Life Insurance Goes Unclaimed Every Year
Each year, Americans leave behind over $200 billion in life insurance premiums, which could have been used to unlock cash through life settlements.
➤ 55% of Americans Are Unaware of Life Settlements
Over half of U.S. adults (55%) are unaware of life settlements, and 68% are unfamiliar with viatical settlements, leaving many policyholders unaware of their options.
➤ The Industry Paid Over $800 Million to U.S. Consumers in 2023
In 2023, the life settlement market paid out over $800 million to U.S. policyholders, providing much-needed cash for those who chose to sell their life insurance policies rather than let them lapse or surrender.
➤ The Life Settlement Market is Growing at 34% Annually
The life settlement industry is experiencing significant growth, expanding at an average rate of 34% per year, reflecting increasing awareness and acceptance of life settlements as a viable financial option.
➤ More Than 80% of Policies Eligible for a Life Settlement Aren’t Sold
A significant number of policies eligible for life settlements remain unsold, often due to lack of awareness or understanding of the option.
➤ Millions of Life Insurance Policies Have Potential for Life Settlements
Approximately 5 million life insurance policies are eligible for life settlements in the U.S., yet many policyholders remain unaware of this option.
➤ 75% of Seniors Use Life Settlements to Pay for Healthcare
A substantial majority of seniors who sell their life insurance policies use the proceeds to cover immediate healthcare costs, finance long-term care services, or supplement retirement income.
➤ Life Settlements Are an Alternative to Selling Assets
Instead of selling assets like your home or car, you can sell your life insurance policy for immediate cash, providing a viable financial solution.
