Text Size:


If you, as an individual, decide that you no longer want your policy or can no longer afford to pay the premiums on your policy, your options are no longer just surrendering or lapsing the policy for little or no value.  The vibrant secondary market for life insurance now provides you with the option of cashing in your policy before you die, enabling you to enjoy the proceeds of the sale while you’re still alive.

A “Life Settlement” is when a policy owner sells a life insurance policy to an institutional purchaser, for a value greater than the cash surrender value. 

When should a Life Settlement be considered?

  • You no longer want your policy, and are considering surrendering your policy for the cash surrender value, or allowing your policy to lapse
  • Selling your policy may provide money to purchase annuities, a better life insurance product,  long-term care, or provide supplemental retirement income
  • The policy may have been purchased during a time of higher interest rates and lower premium assumptions, and is not performing as expected
  • You may need cash to reduce debt or medical bills
  • You may be going through a divorce and the policy may be subject to equitable distribution
  • You may have outlived your beneficiary under the policy, and the coverage is no longer needed

What can you do with the cash you receive in a life settlement of your policy?

  • Fund a new paid-up life insurance policy
  • Pay for medical care
  • Pay for assisted living or a nursing home
  • Fund your grandchildren's education
  • Reduce your debt
  • Buy long-term care insurance
  • Fund your retirement
  • Take a vacation
  • Purchase other investments
  • Live out your dreams!

It's your money, spend it however you choose!

A photo of a retired gentleman standing by his plane

Submit a Case
Purchase Parameters - Does My Policy Qualify?
Download Forms
Live Chat
Toll Free: 888-877-5686    Fax: 717-435-1851
48-50 W Chestnut Street; Lancaster, PA 17603
Milestone recognizes the importance of maintaining the privacy of its clients? personal information. Milestone has electronic, physical and procedural safe guards in place and abides by all H.I.P.A.A. and state statute regulations to ensure that each clients? health information is properly protected.