Life Settlements

A Life Settlement is a financial transaction in which a policyholder sells their existing life insurance policy to a third party for a lump sum that is greater than the policy’s cash surrender value but less than its death benefit. This option is typically available to individuals aged 65 or older who no longer need their policy or find the premiums too burdensome. Instead of lapsing or surrendering the policy, a life settlement offers an opportunity to unlock hidden value and receive immediate cash that can be used however the policyholder chooses.

At First Choice Brokerage, we help clients and their advisors navigate the life settlement process with clarity, integrity, and expertise. With decades of experience in the insurance and financial services industry, our team understands the unique considerations that go into evaluating whether a life settlement is the right fit. We assess each case individually to ensure our clients receive the maximum value for their policy while maintaining full transparency throughout the process.

For policyholders, a life settlement can be a powerful financial tool. The proceeds from the sale can be used to cover medical expenses, long-term care, retirement needs, or simply to enhance quality of life. Advisors working with First Choice Brokerage gain access to our trusted network of licensed providers and institutional buyers, ensuring competitive offers and professional handling from start to finish.

Our mission at First Choice Brokerage is to empower individuals and their advisors with innovative solutions that turn underutilized life insurance policies into valuable assets. Whether you’re an advisor seeking options for your client or a policyholder exploring your financial future, our team is here to provide expert guidance and personal support every step of the way.