As premiums skyrocket, your loved one may struggle with monthly payments.

Don’t let your loved one’s policy lapse and miss out on the return they deserve after years of payments. Let ElderLife understand your situation and help quantify your policy, so you can feel confident selling it to receive a lump sum payment — often tens of thousands of dollars — that can be used to cover various senior living expenses.

Why sell a life insurance policy?


Help pay for senior living care


Receive a
lump sum


Stop paying


Avoid letting a policy lapse

How much is my life Insurance policy worth?

Older adults with a life insurance policy with a face value of $50,000 or greater can use the policy to pay for care, whether their policy type is term, whole life, or hybrid.

If your loved one meets the eligibility criteria, you may be able to sell their policy for a percentage of its death benefit value. While the exact amount of the payout depends on various factors, including age and health condition, you may be able to receive up to 60% of its value.

Should I continue paying or sell my life insurance policy?

While the decision to retain or sell a life insurance policy is a deeply personal one, there are a few reasons why your loved one might decide that selling their policy is the best choice.

  • Monthly premiums have become too costly

  • They want a return on their investment

  • They need help with the cost of senior living

  • They need help with the cost of healthcare or long-term care

  • They want to take a dream vacation

  • They want to help a grandchild pay for college or their first car

Whatever the reason may be, ElderLife can help you understand the value of a loved one’s policy, and make sure you get the most of it.

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