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Sell Your Life Insurance Policy to...
- Pay for senior living
- Pay off debt
- Pay out the beneficiaries now
- Free Price Discovery & No Obligation
AS SEEN ON
Sell Your Life Insurance Policy to...
- Pay for senior living
- Pay off debt
- Pay out the beneficiaries now
- Free Price Discovery & No Obligation
AS SEEN ON
What is a life settlement?
A creative way to pay for senior living.
How can Harbor Life help?
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Free Policy Valuation to Understand What A Policy May be Worth
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No Obligation to Sell so families can understand their options
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We work to get families the most money possible using our auction with the world's largest buyers competing against each other.
How can Harbor Life help?
-
Free Policy Valuation to Understand What A Policy May be Worth
-
No Obligation to Sell so families can understand their options
-
We work to get families the most money possible using our auction with the world's largest buyers competing against each other.
Use Harbor to protect Mom or Dad’s life savings.
Defend your family’s financial future.
Use Harbor to protect Mom or Dad’s life savings.
Defend your family’s financial future.
A creative way to pay for senior living
What is a life settlement?
Many families who have a loved one in senior living have no idea that they can sell the senior's policy to help pay for care, pay off debt, upgrade facilities, pay out the beneficiaries, or anything else they may want to use the money for.
A majority of families are overwhelmed by the cost of assisted living and medical expenses.
Additionally, when they receive Mom or Dad’s life insurance policy premium notice, they think “We can’t afford to pay it anymore.” or they struggle for years to pay for the policy, subsidize their loved one's medical care, and maintain financial stability.
Some seniors sell off their retirement savings and homes which can have negative financial and tax consequences without realizing that they could have sold a life insurance policy to take care of the financial burden.
Customer Stories
MATTIE GOT $242k
ON A $500k POLICY
Mattie was struggling to pay for her long-term care. Her life insurance premiums were high, and she was weeks away from being evicted from her care facility. Harbor Life helped Mattie get $242,000 for her policy in time for her to avoid putting any financial strain on her family. Now Mattie can afford the retirement she deserves and she gave her kids some of the money.
CHRIS GOT $40k
ON A $250k POLICY
Harbor Life acts as a helpful guide for families: No obligation and a free estimate.
A majority of families are overwhelmed by the cost of assisted living and medical expenses.
Additionally, when they receive Mom or Dad’s life insurance policy premium notice, they think “We can’t afford to pay it anymore.” or they struggle for years to pay for the policy, subsidize their loved one's medical care, and maintain financial stability.
Some seniors sell off their retirement savings and homes which can have negative financial and tax consequences without realizing that they could have sold a life insurance policy to take care of the financial burden.
How do I know if we are getting the right price?
Harbor Life has built the world's only live auction with the largest buyers of life insurance. This auction benefits families because it allows buyers to bid against each other so that you get the highest price. At the end of every auction, families receive a report highlighting all the bids on the policy so they have full transparency into the process. On average, the Harbor Life Exchange gets 55% higher bids than industry average.
Are there restrictions with what we can do with the payout?
There are no restrictions for what a family chooses to do with the life settlement payout. Some of the most common things that families choose are: Funding senior living, covering medical costs, gifting money to their beneficiaries, investing, paying for their grandchildren's college and more.
How long does it take?
The typical life settlement takes 2-6 months to complete, but Harbor Life also has an expediting program if the family needs the money faster.
What is the process?
Once you submit your information:
1) The Harbor Life team will call and email you if you are eligible. Keep in mind that we will need to know policy death benefit, policy type, life insurance company and overall health condition of the insured.
2) If qualified, we will send you a short 3 page form that allows us to begin underwriting the policy.
3) Once underwriting is completed, we will lay out the family's options and if you decide to move forward, we will list the policy on our secure exchange to get your family bids on the policy.
4) After the auction is complete, you will get a full breakdown of the high bids and decide if you want to accept the offer.
5) Once an offer is accepted, you will receive contracts from us in the mail and when they are completed, the fund will review the documents before releasing your payout.
Is this regulated?
Life settlements are regulated by the Department of Insurance to ensure that families and buyers are protected.
Why have I not heard about this before?
Many life insurance companies do not want families to know that they can sell their policy. The sad reality is that 85% of life insurance policies get lapsed or surrendered so when a loved one passes the family gets nothing. When a family chooses to lapse or surrender a policy, it hurts the family and helps the insurance company. Our goal is to make sure that every family knows the value of their policy so they can make the right financial decision.
Discover The Value Of Your Family's Life Insurance:
You may qualify if:
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Your policy’s death benefit is over $50,000
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You are age 75+
- OR you are terminally ill
Policy Type
Health Status
Free Price Discovery: No Obligation