A life settlement for medical expenses allows policyholders facing significant healthcare costs to sell their life insurance policy for immediate cash, which can be used for medical bills, treatments, or care.
Medical Expenses
A health crisis shouldn't mean a financial crisis. If you're facing major medical expenses, your life insurance policy may be able to help — now, while you're alive.
A life settlement or viatical settlement converts your policy into immediate cash. No loans. No liens. No strings.
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If you're navigating any of these, your policy may be worth significantly more than you realize.
Oncology costs can reach hundreds of thousands of dollars. A settlement can fund treatment without depleting savings or retirement accounts.
Extended care needs — nursing homes, assisted living, memory care — are among the most significant financial exposures in retirement.
Clinical trials and cutting-edge treatments often aren't covered by insurance. Settlement proceeds can open doors that would otherwise be closed.
Staying home longer requires resources. A settlement can fund in-home aides, modifications, and support services.
Recovery from surgery, stroke, or injury can be a long process. Settlement funds cover what insurance doesn't.
The type of settlement you qualify for depends on your situation. Both convert your policy to cash — but there are meaningful differences.
For policyholders who are not terminally ill but no longer need or can afford their coverage. Pays market value — typically a significant multiple of the cash surrender value.
If you have a terminal diagnosis with a life expectancy under 24 months, you may qualify for a viatical settlement — often with favorable tax treatment that can make the proceeds entirely tax-free.
Consult your tax advisor. Results vary by individual circumstances.
We handle every review with discretion. No pressure, no obligation — just honest information about what your policy is worth and what your options are.
Key Takeaway
If you're facing medical expenses and have a life insurance policy you no longer need, a life settlement provides immediate cash — often 4–7 times what the insurance company would give you.
Yes. If you need cash for medical expenses and have a life insurance policy you no longer need for its death benefit, a life settlement provides a lump-sum payment typically worth 4–7x the surrender value.
A viatical settlement is specifically for people who are terminally or chronically ill. It typically pays a higher percentage of face value and proceeds may be tax-free. A standard life settlement is for anyone 65+ who qualifies.