Does my policy qualify for a cash offer?
Many policyowners 60 and over may qualify for an offer on policies of $100k or more.
Younger policyowners may also qualify after significant health changes
Universal life, index universal life, or convertible term policy
Premiums have become unaffordable, or the policy is no longer needed
Before you cancel, lapse, or surrender a policy, let Appel Financial check whether institutional buyers compete for a much higher offer than your insurance carrier. A policy with little or no surrender value may still have market value.
A Simple 3-Step Review
You do not have to figure this out alone. We review the basics, explain the options, and you stay in control.
Share the Basics
Tell us about the policy, insured age, and whether premiums have become a concern.
We Review It
We check whether the policy may be worth cash now or worth tracking for future opportunities.
Choose Your Next Step
If there may be value, we explain the next step. There is no obligation to move forward.
No pressure. No obligation. Just clarity.
How long it takes depends on your policy, health records, and buyer interest.
Why Consider a Life Settlement
Many seniors let their policies lapse without knowing they could explore other options.
Multiple Buyers Compete
We work with many licensed buyers. Competition drives better offers.
No Cost to You
There is no charge to check your policy. We handle the paperwork if you move forward.
Personal Expert Help
Work directly with Saul Appel. He has over 50 years of experience. No call centers.
Your Options Compared
Understanding what may happen with your policy
Lapse
$0
Receive nothing. Premiums paid are lost.
Surrender
Low
Receive cash surrender value from insurance company.
Life Settlement
More Cash
Qualifying policies receive higher offers than the carrier.
Client Outcome
A real policy review can change the decision
Before surrendering or letting a policy lapse, it can be worth checking whether the policy has market value.
“I have worked with Saul Appel for over 28 years. Years ago, I purchased a $750,000 universal life policy on my mother. When rising costs made the premiums unaffordable, Saul’s firm helped turn that policy into a $328,000 cash offer.”
Dr. Robert Schiffman
Appel Financial client
“Saul sold me a $1,000,000 20-year term policy required for my divorce settlement. When my obligation ended, he suggested selling it instead of dropping it. I received $165,000 in cash for a term policy I planned to let lapse.”
Chris Cummings
Appel Financial client
“I knew Saul Appel because his firm handled our employee benefits. After my wife passed, I no longer needed my $400,000 indexed universal life policy. Instead of surrendering it for $56,000, Saul’s firm helped me obtain a $146,000 cash offer.”
Richard Sederstrom
Appel Financial client
Individual results vary. Not every policy qualifies for a life settlement offer.
Why Saul
Saul L. Appel
CLU, ChFC
Independent guidance. Personal review. No call center.
Saul L. Appel, CLU, ChFC has over 50 years of experience in insurance and financial services, including life insurance, annuities, disability, long-term care, group benefits, and employee benefits. He understands how policies are designed, how they change over time, and when they may have value beyond cash surrender.
As an independent life settlement broker, Saul represents the policyowner — not one buyer. He works with multiple licensed institutional buyers to help clients seek competitive offers before they lapse, surrender, or keep paying for a policy they no longer want, need, or can afford.
Simple rule: before you give up a life insurance policy, let Saul check whether it may be worth cash.
Example Profiles
These examples show the kinds of people who have looked into selling their policy.
- Universal life policy
- Premiums no longer affordable
- Explored settlement value before surrender
- Index Universal Life policy
- Policy no longer needed
- Wanted to explore options beyond lapse
- Convertible term policy
- Significant health changes
- Reviewed policy before conversion privilege expired or policy lapsed
Examples are illustrative. Results vary based on age, health, policy type, and other factors.
Common Questions
What is a life settlement?
A life settlement is the sale of a life insurance policy for cash. You may get more than what the insurance company would pay you.
Will I lose control if I ask for a quote?
No. Asking for a quote is just a check. You do not have to accept any offer. You stay in control of your policy.
Is this confidential?
Yes. Your review is private. We only share your information with licensed buyers. We keep it safe.
Could my policy be worth cash?
Many policyowners 60 and over may qualify for an offer on policies of $100k or more. Younger policyowners may also qualify after significant health changes. Policy type, premiums, and health all matter.
What if I'm not sure my policy has value?
Send the basic information for a free review. There is no cost and no obligation. If your policy is not ready today, Saul can still help you understand whether it may be worth tracking for the future.
What if I was planning to lapse the policy?
Check your options first. Before letting a policy lapse for $0, find out if it may be worth cash. A free check takes just minutes.
How do I know if my policy has value?
The only way to know is to ask. Saul will look at your policy and tell you if it may be worth cash.
Is there any obligation to request an estimate?
No. Asking for an estimate is just a first step. There is no cost and no obligation.
How long does the process usually take?
It depends on your policy and health records. Saul will keep you updated every step of the way.
Will my beneficiaries still receive the death benefit if I sell the policy?
No. If you sell, you get cash now. The buyer becomes the new owner. Your family would not get the death benefit from that policy.
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