Sell Your Life Insurance Policy.

Turn your life insurance policy into an immediate cash payout.

How Does Selling My Life Insurance Work?

Submit your policy and get an instant estimate. Get your FREE instant estimate online or call us for a free policy evaluation.

Complete the authorization. Ovid does all the heavy lifting for you, and the authorization enables us to do it.

Receive your settlement! If your policy qualifies, choose from cash, coverage with no more premiums, cash for life, or a combination of any!

Benefits of Selling Your Life Insurance Policy.

More than $700 Billion of life insurance is permitted to lapse every year - about $160 Billion of which could have been sold for cash.¹ At Ovid, our mission is to equip policyowners with the information needed to make an informed decision about their life insurance. Whether that means keeping it or selling it for cash, we’re here to give you the information you need to make the best decision about your policy.

Unlock Policy Value

Tap into the market value of your life insurance policy.

Cut Your Expenses

Let someone else take over your premium payments! You can even keep some coverage with no future premiums.

Cover Medical Bills

Don’t let increasing medical costs derail your retirement plans. Let your policy cover the costs of medical bills or simply growing older.

Fund Your Retirement

Get an upfront cash payment to live a more fulfilling retirement, pay off debt, or just sock away for a rainy day.

Get an Instant Estimate

Insured: Female, Age 79

Insured Health: Good

Policy Type: Universal Life

Policy Size: $2,400,000

Settlement: $205,000 CASH

The policyowner was using the cash value to cover her premiums for many years and was quickly running out of money to keep the policy in force. After a disappointing experience with a life settlement broker, the policyowner approached Ovid. She was able to get a significantly higher offer for her policy, the proceeds of which she used to invest in real estate.

Insured: Female, Age 63

Insured Health: Terminal

Policy Type: Term

Policy Size: $250,000

Settlement: $90,000 CASH + $60,000 COVERAGE

Faced with his wife’s rapidly declining health, the policyowner was looking for immediate liquidity to help cover medical costs. Ovid enabled him to sell the policy while maintaining $60,000 in coverage on his wife with no future premium obligations.

Insured: Male, Age 64

Insured Health: Fair

Policy Type: Term

Policy Size: $600,000

Settlement: $63,000 CASH

After a health scare, the policyowner was looking to generate cash to increase his quality of life. He sold his policies and used the cash to help meet his goals.

Insured: Male, Age 71

Insured Health: Poor

Policy Type: Term

Policy Size: $300,000

Settlement: $35,000 CASH

The policy was approaching the end of the level term period and premiums would be jumping from $869 per year to over $28,000 per year, which the policyowner could not afford. Rather than lapsing the policy for nothing, he received a lump-sum cash payment of $35,000.

Who Qualifies to Sell Their Life Insurance?

If you own a life insurance policy of $100,000 or more, it may qualify to be sold. That doesn’t mean that every policy of this size will qualify, but it’s a good starting point to know if your policy has a chance. The easiest way to see if your policy has any potential market value is to use our instant life settlement calculator. There is no cost or obligation to sell, and it won’t affect your coverage. Getting started is easy; just click the button below, and you’re on your way!

See If My Policy Qualifies

FAQs

Here are some of the most frequently asked questions we encounter. If you have a question that isn’t answered here, please contact us and we’ll be happy to answer it for you.

No, our services are totally FREE.

Submit your policy information online or call (800) 888-4660 to find out if your policy qualifies. If you wish to potentially receive an offer for your policy, you will need to sign an authorization allowing Ovid and its licensed affiliate(s) to gather medical and policy information to determine an offer.

To receive an instant estimate of what your policy may be worth, use our FREE online life settlement calculator.

Ovid values your privacy and takes precautions to secure your data.

Any life insurance policy type can be sold, including Universal Life, Whole Life, and even Term Life.

We recommend speaking with a tax professional to understand any tax implications which may affect your tax liability. For general informational purposes, you can read our blog on life settlement taxation here.