Looking to sell your life insurance policy? There are countless life settlement providers and brokers, all claiming to be the best. We've taken care of the guess work and have ranked them 1-10. This way you can focus more time on getting the most out of your policy and less on wasting hours of your time weeding through all the companies claiming to be the best.

#1: Coventry Direct

Coventry Direct is a leader in the life settlement industry, having helped thousands of policyowners sell their life insurance for cash to increase retirement income, pay medical expenses and fund long-term care. The Coventry Companies have funded over $30 Billion in life insurance policies to date. We've compiled helpful reviews of Coventry Direct here. 

What we like:

• Coventry Direct has been an industry leader for several years, according to a report by Conning.
• Their process is streamlined to provide you with a fast offer for your life insurance policy.
• They've assisted in selling more than $30 billion worth of life insurance face value.
• The company is very well-respected within the industry, and follows the strictest standards set by LISA. 

SEE IF YOU QUALIFY

#2: Ovid

Ovid is an online life settlement exchange designed to help consumers get the best rates for their policies. Customers can get an estimate of their policy using the life & viatical settlement calculator and get matched with a qualified buyer.

What we like:

• Ovid matches sellers to the best buyer to fit your specific needs
• Buyers have to undergo a strict diligence and background check process 
• Ovid's website has excellent educational resources & tools​​

Get an estimate

#3: LifeSettlements.com

LifeSettlements.com is a great resource for anyone interested in selling their life insurance. LifeSettlements.com is not a buyer of life insurance, but they will help you determine whether you qualify and will submit your info to a licensed life settlement provider. 

What we like:

• There are no fees for their services
• Their site is easy to navigate and it's simple to submit your policy ​

SUBMIT YOUR POLICY

#4: Life Equity

With more than a decade of experience in life settlements & annuities, Life Equity typically works with professional advisors and institutional investors to purchase life insurance policies. If you'd prefer that your financial advisor act on your behalf, Life Equity is a great provider.

What we like

• Long standing experience
• Great reputation
• Experts in life settlements & annuities​

#5: Green Settlements

Green Settlements helps policyowners sell their policy by matching them with a qualified and licensed buyer. Although they're not a direct buyer, they're a great resource for shopping your policy to different providers to get more for your unneeded policy.

What we like:

• Established company history
• Can introduce you to more than one buyer

Honorable Mentions

• ​Life Settlement Solutions
• Windsor Life Settlements
• Ashar Group 
• Settlement Benefits
• American Life Fund

Updated: 12/02/2019

Summary of Top-rated Life Settlement Companies:

​Our top-rated life settlement companies of 2020 ranked in order 1-10:

1. Coventry Direct
2. Ovid
3. LifeSettlements.com
4. Life Equity
5. Green Settlements
6. Life Settlement Solutions
7. Windsor Life Settlements 
8. Ashar Group
9. Settlement Benefits
10. American Life Fund​

​Life Settlement Brokers vs. Life Settlement Providers

Life settlement companies can typically be distinguished as either brokers or providers. Both can be great and trustworthy resources if you decide to sell your life insurance policy. But what exactly is the difference between the two?

What Is a Life Settlement Provider?
A life settlement provider is a licensed company that purchases the policy directly from the policyowner. When selling to a provider, policyowners can work directly with the buyer,  eliminating unnecessary back-and-forth with third-parties, and likely receive more money than one would receive working with a broker due to commissions the broker will receive.

What Is a Life Settlement Broker?
A life settlement broker is a licensed company that works directly with consumers to sell policies to life settlement providers. Life settlement brokers have a binding fiduciary duty to represent their clients — but the process can take longer with more negotiations at hand. They will also take a percentage of your settlement as a commission–which can be as much as 30%–leaving you with a significantly smaller payout.
​
When determining whether to use a life settlement broker or sell your life insurance policy directly to a provider, ask yourself how much you know about the process, the time you’re willing to commit, and how much money you’re willing to give up to work through a broker. With a firm understanding of the selling process, you can easily navigate selling your policy to a provider. However, if you’re not comfortable negotiating yourself, working with a broker could be a good way to sell your unwanted or unneeded policy for cash. One of top life settlement companies and a direct buyer, Coventry, can help you find out if you qualify, what you may expect to receive by selling your policy, and what your options are.

Learn More about Selling Your Life Insurance

How to Choose a Life Settlement Company

Learn more about choosing the best life settlement companies.

How to Sell Your Life Insurance Policy

Learn more about qualifying for a life settlement and what you can expect from the process.

Are Life Settlements Right for You?

Learn more if you are a good candidate for a life settlement transaction.

How Much Is My life Insurance Worth?

Better understand what your policy could be worth if you sold it.

Are Life Settlements Safe and Legal?

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