Turning Life Insurance Into Cash During Retirement
By Pamela Harris
October 12th, 2025, from Madison, Wisconsin
Retirement is meant to be a season of life where you enjoy the rewards of decades of hard work.
But for many retirees, unexpected costs and lifestyle changes can put pressure on their finances.
Healthcare expenses, supporting children or grandchildren, and the desire to travel or enjoy new experiences often stretch budgets further than planned.
At the same time, many seniors are still paying premiums on universal or whole life insurance policies they purchased decades ago.
Those policies may no longer serve their original purpose — protecting young families, covering mortgages, or ensuring children’s education.
Instead, they can become an unnecessary burden.
What most retirees don’t realize is that they have options beyond simply surrendering the policy for pennies on the dollar or letting it lapse altogether.
One increasingly popular solution is the life settlement.
What is a Life Settlement?
A life settlement allows seniors to sell their life insurance policies to an institutional buyer, often for 2–5x more than the cash surrender value.
In exchange, the policyholder receives a lump sum cash payout and is no longer responsible for making premium payments.
This option is particularly attractive for those over 65 who own universal or whole life insurance policies with a face value of $100,000 or more.
Why Retirees Choose Life Settlements
For many, the benefits are clear:
✔ Immediate Cash Payout
✔ Relief from Premium Payments
✔ Higher Returns Than Surrendering
💡 Curious what your policy might be worth? *Click below to get a free policy evaluation.*
Real-Life Example
Consider Susan, age 70, who owned a universal life insurance policy worth $250,000.
Her children were grown, her home was paid off, and she no longer needed the coverage.
She considered surrendering it for $12,000.
Instead, through a life settlement, she received $45,000 — nearly four times the amount.
Instead, through a life settlement, she received $45,000 — nearly four times the amount.
That money allowed her to pay off lingering medical bills and take a family vacation she’d been dreaming of for years.
Real People, Real Reviews
Mary B. :
Thank you for your caring and compassion in working with me on selling my life insurance. You handled all of the complex details with such professional caring.
Bruce V. :
6 years ago my wife was diagnosed with stage 4 cancer. You guys helped us to cash in her life insurance policy. Ana has been doing great ever since.
Kelly D. :
From the first time I called, I felt confident in the company. She was very genuine... and she took the time to walk me through things step-by-step.
Is a Life Settlement Right for You?
Life settlements aren’t right for everyone, but for many seniors over 65, they can be a powerful tool for financial freedom.
If you no longer need your policy, or if the premiums are weighing you down, it’s worth exploring.
Before you surrender or let your policy lapse, see what it’s really worth.
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Life Bridge Settlements, LLC is not a licensed broker or buyer of life insurance policies. We are an advertising service that connects qualified policyowners with licensed policy purchasers.
