85% of Term Life Policies Lapse Without a PayoutMost 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 ValuePolicyholders can often receive four times more by selling their life insurance policy rather than surrendering it.
$200 Billion in Life Insurance Goes Unclaimed Every YearEach 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 SettlementsOver 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 Life Settlement Market is Growing at 34% AnnuallyThe 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 SoldA significant number of policies eligible for life settlements remain unsold, often due to lack of awareness or understanding of the option.
75% of Seniors Use Life Settlements to Pay for HealthcareA 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.
Millions of Life Insurance Policies Have Potential for Life SettlementsApproximately 5 million life insurance policies are eligible for life settlements in the U.S., yet many policyholders remain unaware of this option.
Life Settlements Are an Alternative to Selling AssetsInstead of selling assets like your home or car, you can sell your life insurance policy for immediate cash, providing a viable financial solution.
The Industry Paid Over $800 Million to U.S. Consumers in 2023In 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.