FAQs
Heritage Life Settlements
Have a question about our life insurance services? We have the answer. Check out these FAQs and give us a call today for more information!
-
What is a life insurance buyout?
A transaction where a policyholder sells their life insurance policy to a third party for a lump sum cash payment.
-
Who is eligible for a life insurance buyout?
Individuals who are over 65 and have a permanent life insurance policy such as whole life or universal life are eligible for a buyout. Specific eligibility criteria may vary depending on the life settlement company.
-
Can I still receive a death benefit after selling my life insurance policy?
No. If you sell your life insurance policy, the death benefit becomes void. The new owner of the life insurance policy will be entitled to the death benefit if the insured person passes away.
Learn More About Heritage Life Settlements
Serving clients across the US, Heritage Life Settlements specializes in life insurance and disability policy cash buyouts and settlements. No fee if no settlement is won. Over 35 years of experience. Free virtual consultations. Call today.
Share On: