If you’re a policyholder looking to turn your life insurance into cash, a life settlement may be the solution. But before you can move forward, you need to know if you qualify—and that starts with a free life settlement qualification review.
At Summit Life Insurance, we offer a no-cost, no-obligation qualification process for Fort Lauderdale residents who want to explore their options. Whether you’re facing mounting healthcare costs, planning for retirement, or simply no longer need your policy, we can help you determine if a life settlement is right for you.
What Is a Life Settlement?
A life settlement is a financial transaction in which you sell your existing life insurance policy to a third party for a lump sum cash payment. The buyer assumes the premium payments and collects the death benefit when you pass away.
In many cases, a life settlement yields far more than the surrender value offered by your insurance company—making it a smart financial move for qualifying individuals.
Who Qualifies for a Life Settlement?
Not everyone qualifies for a life settlement, but the eligibility criteria are straightforward. Here’s what we typically look for during your free life settlement qualification at Summit Life Insurance:
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Age 65 or older (or younger with serious health conditions)
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Life insurance policy value of $100,000 or more
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Policy type: Universal Life, Whole Life, Term (convertible), or Survivorship policies
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Policy in force for at least 2 years (some exceptions apply)
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No major outstanding policy loans
If you meet these criteria, you may be eligible for a life settlement and can potentially receive thousands—or even hundreds of thousands—of dollars for your policy.
Why Fort Lauderdale Policyholders Are Exploring Life Settlements
Fort Lauderdale residents face rising living expenses, long-term care needs, and unpredictable retirement costs. Life settlements are becoming a popular way to:
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Free up cash for healthcare or assisted living
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Eliminate expensive premiums
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Boost retirement savings
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Cover emergency or long-term expenses
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Reduce financial burden on family members
With the help of a licensed life settlement broker like Summit Life Insurance, you can receive a free policy evaluation to see if you’re sitting on a hidden financial asset.
How Our Free Life Settlement Qualification Process Works
At Summit Life Insurance, we make it easy for Fort Lauderdale policyholders to explore a life settlement in just a few steps:
1. Submit Basic Information
We’ll collect a few simple details: your age, policy type, death benefit amount, and overall health condition.
2. Policy Review
Our experienced team reviews your policy structure, premium schedule, and other underwriting factors to determine its market value.
3. Health Assessment
A brief review of your health status—no medical exam required—is used to help estimate your life expectancy and offer potential.
4. Market Estimate
We’ll let you know if you qualify and how much you could receive from institutional buyers or life settlement providers.
5. Next Steps
If you choose to move forward, we’ll guide you through the formal application and negotiation process—all at no cost to you.
Why Choose Summit Life Insurance?
As a trusted name in life settlement services in Fort Lauderdale, Summit Life Insurance offers:
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Free, fast qualification with no obligation
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Maximum value through access to competitive buyers
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Licensed professionals who understand Florida regulations
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Personalized guidance every step of the way
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Transparent advice on taxes, timing, and paperwork
Our goal is to help you uncover the full value of your policy—and make the most of it.
How Much Can You Get?
The amount you receive in a life settlement depends on several factors, including your age, health, and the size and type of your policy. On average, life settlements offer:
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3 to 8 times the cash surrender value
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Taxable and non-taxable income, depending on your cost basis
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Payouts that can range from $20,000 to over $500,000
Your free life settlement qualification with Summit Life Insurance is the first step in unlocking that value.
FAQs About Free Life Settlement Qualification
1. Is the qualification process really free?
Yes, absolutely. Summit Life Insurance offers a 100% free, no-obligation qualification process for Fort Lauderdale residents.
2. Will I need to take a medical exam?
No. We only require a basic health overview and medical records—no physical exam is necessary.
3. How long does it take to find out if I qualify?
Most initial qualifications are completed within 48–72 hours.
4. Do I have to sell my policy if I qualify?
No. We provide your qualification and estimated offer, but the decision to sell is entirely up to you.
5. Can I qualify with a term policy?
Yes, if your term policy is convertible to a permanent one, it may qualify for a life settlement.
Get Your Free Life Settlement Qualification Today
If you’re in Fort Lauderdale, FL, and own a life insurance policy you no longer want or need, don’t let it lapse or surrender it for less than it’s worth. Instead, get a free life settlement qualification from Summit Life Insurance and discover your true policy value.
Start today—no commitment, no cost, no pressure. Just real answers and real opportunities.
