Connect with us
Apply Now

Executive Voice

How To Sell Your Life Insurance Policy For Cash

Have a life insurance policy you no longer need? Most people don’t realize that selling your life insurance policy is a possibility through what’s called a life settlement. A Life Settlement is defined as “the sale of any existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.” 

I sat down with the Ardan Group to get a better understanding of how exactly this works.

What Exactly is a Life Settlement:

A Life Settlement is a transaction in which a life insurance policy is sold to a third party and it’s a way of converting your life insurance policy, while you’re still alive, into money you can use now. The sale of your life insurance policy will also relieve you of all future premium expenses.

Here are some frequently asked questions regarding Life Settlements provided by the Ardan Group:

Who is Eligible For a Life Settlement: 

Each case is unique and circumstances vary, but in general people aged 62 and older are eligible. Contact us to speak with a settlement expert who will provide a recommendation specific to your situation.

What Types of Policies Can Be Sold in a Settlement?

Term, Whole Life, Universal Life, Key Person, Joint Life insurance.

What Can I Use the Settlement Funds for?

Paying medical bills, maintaining your independence, augmenting your retirement lifestyle, taking a trip, making a charitable donation…..there are no restrictions as to how you may use the funds.

Does My Insurance Company Have to Agree to a Settlement?

No. The insurance policy is your asset, legally and contractually and you have the legal

right to sell or assign this benefit for exchange of value (Life/Viatical Settlement).

Does My Current Beneficiary Have to Agree to the Settlement?

Your current beneficiary will sign off on your Settlement and having the cash from the transaction might benefit them as well. In some cases, you may be able to leave your beneficiaries a portion of your policy’s benefit too.

How Do I Select a Reputable Settlement Broker to Sell My Policy?

Look for a company that is an innovative leader, is licensed, knowledgeable and experienced. Ardan has been highly regarded in the industry since 1990 and is known for offering innovative Best Value Settlement ℠ .


Are you interested in selling your life insurance policy? The professionals at the Ardan Group will help you and your family obtain the Best Value Settlement℠ and optimize this important financial benefit! Give them a call today to see if you qualify 1-800-699-3522.

Continue Reading

Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.

Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.