Ready to Sell Your Policy?
If you’ve made it this far, you’re sure it’s time to sell your life insurance policy. Whether that be because the premiums are no longer affordable, you’d rather save the premium payment and recoup money from your policy, or you just don’t need the policy any longer – you’re ready to cash in! We’ve read dozens of reviews on Coventry Direct and compiled some invaluable info that can guide you in the right direction when choosing whether to go with Coventry Direct.
But before we get into the nitty-gritty, we think it’s worthwhile to give you a little background on who and what Coventry Direct is. And when you're done, you can follow the button below to see if you qualify.
But before we get into the nitty-gritty, we think it’s worthwhile to give you a little background on who and what Coventry Direct is. And when you're done, you can follow the button below to see if you qualify.
Who is Coventry Direct?
First off, Coventry Direct’s primary goal is to help policy owners by teaching them that their life insurance policy is a valuable asset that can be sold. According to their website, 80% of policy owners don’t even know that they can sell their policy in the first place.
Coventry Direct is also committed to helping policy owners by evaluating their policy for a life settlement free of charge and with no commitment. This is done by entering your policy and health information on their website, or by calling them on the phone. Either method will get you in touch with one of their Policy Specialists.
Coventry Direct is also committed to helping policy owners by evaluating their policy for a life settlement free of charge and with no commitment. This is done by entering your policy and health information on their website, or by calling them on the phone. Either method will get you in touch with one of their Policy Specialists.
Is Coventry Direct Legitimate?
The answer is simply yes as they're the largest company in the life settlement industry. They’ve reviewed tens of thousands of policies and have helped people sell more than $30 Billion in life insurance face value.
According to Coventry Direct, they can help policy owners receive on average 400% more cash for their policy than they’d get from the cash surrender value (if any). And if you own a term policy, you have no cash value built up at all so if you were to cancel it, you’d receive nothing from the insurance company – but you could receive quite a bit of money if you were to sell it.
According to Coventry Direct, they can help policy owners receive on average 400% more cash for their policy than they’d get from the cash surrender value (if any). And if you own a term policy, you have no cash value built up at all so if you were to cancel it, you’d receive nothing from the insurance company – but you could receive quite a bit of money if you were to sell it.
Where to Find Coventry Direct Reviews
There are many review websites out there, but the one we found the most reviews on was Highya.com. Highya is an online community “offering reviews from real users of thousands of products and services.” Unlike many other review sites, it also provides comprehensive descriptions of the various services provided by companies.
...we try to help you cut through all the marketing hype by gathering information from a wide variety of sources, bringing it together in a fun, easy to read format, and answering the ever-present question: Is this product a scam, or is it legit?
-Highya.com
The Highya website is organized into review categories to help consumers find companies that provide the needed product or service. The search function locates companies by name or by category.
Should You Trust Highya.com Reviews?
Highya is a third-party review aggregator focused on providing relevant information that will help consumers make the best possible decision for their individual circumstances. They have a policy about remaining neutral, as well.
Under no circumstances does Highya endorse, sell, promote, or favor any of the products and/or services listed on our website over others. Why? Because if we did, this would be in direct conflict with our stated purpose, which is to help you avoid internet scams and to become a more informed consumer.
-Highya.com
The Highya review website provides three distinct benefits to consumers interested in researching companies:
- Community: A place where consumers can read authentic reviews from people who have actually used a product or service
- Customer reviews: All reviews posted on Highya are verified through a multiple-stage process so readers know the reviews are authentic
- Communication: Companies can talk with current and former customers to understand how to better meet their needs
Read Reviews of Coventry Direct
My husband's life insurance was due to expire, and we paid thousands of dollars to maintain the insurance. My husband mentioned Coventry and that they buy back the life insurance. So I looked into it and met Scott Kalbfleisch, and from start to finish, the whole process went so smooth. I understood it wouldn't be the payout that his life insurance offered, but it would be a nice settlement that would help with his continued in-home nursing and medications.
Yes, as many of you know or will find out, that if you do outlive your insurance, then Coventry is a way to receive some compensation for all the years of monthly payments. Once my husband's insurance expired we were to receive nothing. So again thank you, Coventry, for all the help through this process."
-Judy G., Rancho Cucamonga, CA
"I had the pleasure of working with Tyson Mayer who very quickly reviewed my case and got me a decision right away. I was very satisfied with the offer I got from Coventry. Tyson helped guide me through the process and handled every aspect in a professional way and got me my money even faster than I thought I would get it."
– Don S., Ohio
"Tyson Mayer of Coventry walked me through the process of selling a life insurance policy that I no longer needed. What could have been a very confusing and frustrating process was made uncomplicated with Tyson's help every step of the way.
When I received all the papers to fill out and return, Tyson helped me through what looked to be a very overwhelming process that I didn't think I could even complete. He went through everything, page by page and we got it done.
In addition, whenever I had a question Tyson would actually answer his phone or call me back within minutes. No pushing buttons and being on hold for long periods of time which can be so frustrating.
Coventry and Tyson worked very hard for me and helped me through a very difficult time in my life. They paid more than a fair price for my policy, and I am forever grateful."
-Cindy R., Minneapolis, Minnesota
Our Take on Reviews
Coventry Direct currently has 86 reviews with an average rating of 4.5 stars. That's an outstanding reputation and even more impressive when you compare it to other companies in the industry. However, it’s apparent that some reviewers of Coventry Direct can be polarized – meaning they either had a very positive or very negative experience.
We believe the polarization of the reviews is due to the fact that when it comes to life settlements, not everyone will qualify – and that can lead to very disappointed customers. When faced with financial hardships or missing out on a potential financial windfall, policy owners can be in a very emotional state.
You’ll need to keep that in mind when reading Coventry Direct reviews and understand that the experience of someone who qualifies to sell their policy will probably be very positive. On the other hand, for those who do not qualify due to age, health, or policy type, the experience with Coventry Direct may still be positive, but because their financial problems aren’t resolved, they could potentially be very upset and leave undeserved scathing reviews.
Take for instance this Highya.com review:
We believe the polarization of the reviews is due to the fact that when it comes to life settlements, not everyone will qualify – and that can lead to very disappointed customers. When faced with financial hardships or missing out on a potential financial windfall, policy owners can be in a very emotional state.
You’ll need to keep that in mind when reading Coventry Direct reviews and understand that the experience of someone who qualifies to sell their policy will probably be very positive. On the other hand, for those who do not qualify due to age, health, or policy type, the experience with Coventry Direct may still be positive, but because their financial problems aren’t resolved, they could potentially be very upset and leave undeserved scathing reviews.
Take for instance this Highya.com review:
They say if you no longer can afford your policy, that they would buy it. Fraud advertising. paper workI have a 100,000 policy, and they received all my paperwork. Then I was denied since I Wasn't about to drop dead or meet their requirements. They have all my medical papers and I have requested them back. I have yet to receive them. This is a company seeking your information, false advertisement.
–Lillie S., Lumberton, MS
Lillie admits that she didn’t meet the requirements to qualify, but still claims false advertising. We reviewed the Coventry Direct website and found their minimum requirements to be: you must own a $100,000 or larger life insurance policy, you must be at least 65 years old, and you need to have had a change in health since the policy was purchased. We couldn’t find anywhere on the site that claims everyone meeting these basic requirements is guaranteed to qualify.
When we called, Coventry Direct was very helpful and pleasant to speak with. They also offered additional information and a free review of any life insurance policy we cared to submit. We didn’t feel pressured, and if we declined to answer a specific question the agent moved on to the next question.
When we called, Coventry Direct was very helpful and pleasant to speak with. They also offered additional information and a free review of any life insurance policy we cared to submit. We didn’t feel pressured, and if we declined to answer a specific question the agent moved on to the next question.
Coventry Direct Ranks #1
Selling a term life insurance policy for cash may sound like a risky process. With Coventry Direct, you'll get the educational resources you need to make an informed decision. That’s why we rank Coventry Direct as the top life settlement company here at top10lifesettlements.com.