What documents are required to sell my life insurance policy?
On this page
Selling a life insurance policy requires some documentation, but the process is usually simpler than most people expect. In most cases, the main document needed is a copy of your policy or a recent policy statement showing details such as the coverage amount, policy number, and premium schedule.
What to know
Selling a life insurance policy requires some documentation, but the process is usually simpler than most people expect. In most cases, the main document needed is a copy of your policy or a recent policy statement showing details such as the coverage amount, policy number, and premium schedule. If you don’t have these documents, Settle can often request them directly from your insurance company with your permission.
Buyers also review recent medical records to better understand overall health and estimate life expectancy. This does not require new medical exams or tests. Instead, records are typically obtained from your doctors through a simple medical authorization form.
What this means for you
Additional documents may include proof of identity, ownership verification, beneficiary information, and details about any outstanding policy loans. These documents help buyers understand the full structure of the policy, what it costs to maintain, and how to properly evaluate its value.
Throughout the process, Settle guides you step-by-step, helping gather the necessary information and making sure nothing is missing. Most of the paperwork is handled behind the scenes so the process remains as simple and efficient as possible for the policyholder.