→ Get Your Free Life Settlement Estimate
Cash surrender value is what the insurance company offers if you give up the policy. A life settlement is different. It means selling the policy to a third-party buyer.
For some policies, a life settlement may pay more than the surrender value. That is why it is important to compare both options before making a final decision.
Not every policy qualifies, but older insureds, larger policies, and policies with health changes may be worth reviewing.
Before you accept the surrender value, check whether the policy may be worth more.
Saul L. Appel, CLU®, ChFC® | President, Appel Financial, Inc. | 50+ years experience