At Settle, we're transforming the process of selling a life insurance policy into an accessible, transparent, and empowering financial solution. Our marketplace enables policy owners to unlock the full value of their life insurance, provides investors with opportunities to make meaningful impacts on our aging population while diversifying their portfolios, and equips agents with the tools to confidently guide their clients through life settlement opportunities.
$233 Billion
Estimated total face value of life insurance policies that lapse annually in the U.S., many of which could qualify for a life settlement.
10% to 25%
The average percentage of the policy's death benefit that gets paid out in a life settlement.
90%
The percentage of seniors who would have considered a life settlement if they were aware it was an option instead of surrendering their policy.
$10 Million +
The amount we've helped people secure from selling their life insurance policies on the secondary market.
Boost your agency's revenue by helping clients secure competitive bids and maximize offers from leading life settlement providers.
FAQ
Frequently asked questions
For Policy Owners
What is a life settlement?
A life settlement is the sale of your life insurance policy to a third party for a lump sum payment. The buyer becomes the new owner of the policy, pays the premiums, and receives the death benefit when the policy matures.
How do I know if I qualify for a life settlement?
Most life settlements are for individuals aged 65 or older with a life insurance policy of $100,000 or more. Policies that are no longer needed, affordable, or wanted are ideal candidates.
How is the value of my policy determined?
The value of your policy depends on factors like your age, health, the type and size of the policy, and the cost of premiums. Our platform connects you with multiple buyers to maximize your policy's value.
Are there any costs involved in selling my policy?
Our platform charges no upfront fees. Any fees are transparently disclosed and typically deducted from the final settlement amount if your policy sells.
What happens after I sell my policy?
After selling your policy, you’ll receive the agreed-upon lump sum. The buyer assumes all future premium payments and receives the death benefit when the policy matures.
Will my personal information remain confidential?
Yes, our platform uses advanced encryption to protect your data. Information is shared only with authorized parties involved in the transaction.
For Agents & Brokers
How does the marketplace benefit me as a broker?
Our platform simplifies the process of matching policy owners with investors, giving you access to a larger network of buyers and competitive offers for your clients.
What types of policies can I list on the platform?
You can list universal, whole, and convertible term policies that meet the marketplace’s eligibility criteria, typically policies with face values of $100,000 or more.
How are fees structured for brokers?
Brokers are compensated through commission splits that are transparently agreed upon before the transaction. Our platform ensures fair and competitive payouts.
What support does the marketplace provide?
We offer tools for pricing analysis, document management, and client education, streamlining the entire life settlement process for you and your clients.
Is there training available to help me use the platform?
Yes, we provide training materials, webinars, and live support to ensure you can fully leverage our platform’s features and benefits.
How do I track the progress of a transaction?
Our dashboard provides real-time updates, ensuring you stay informed about your client’s policy listing, offers, and final settlement.
For Investors
What is the ROI potential for life settlements?
Life settlements can offer attractive returns compared to traditional investments. Returns vary based on the insured's life expectancy and policy details.
How do I evaluate a policy's investment potential?
Our platform provides detailed analytics, including life expectancy reports, policy summaries, and premium payment projections to aid your evaluation.
Are life settlements a secure investment?
Life settlements are backed by legally enforceable insurance policies issued by reputable carriers. However, like any investment, they carry risks, such as changes in life expectancy or insurance carrier stability.
What types of policies are available for investment?
Policies include universal life, whole life, and convertible term policies. All listings undergo a thorough vetting process to ensure quality and compliance.
How does the bidding process work?
Investors can review listed policies and place bids through our secure platform. The process is competitive, ensuring transparency and fair market pricing.
What support does the marketplace provide to investors?
We offer access to policy documentation, actuarial data, and expert insights. Our team is available to assist with due diligence and transaction support.
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