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What is a life settlement?

A life settlement offers your clients the opportunity to sell their life insurance policy for significantly more than the cash value offered by the insurance carrier. Simply stated, a life settlement is the sale of an existing life insurance policy for more than the policy's cash value but less than the death benefit.

Insureds 60 years or older.

$100,000 or greater.

Any policy type.

Any policy type may qualify, even term!

No maximum death benefit.

Life expectancies up to 20 years or more.

Why Coventry?

Coventry is uniquely positioned as the largest buyer with the broadest criteria and by far the fastest and easiest closing process in the industry. We do more to support producers and general agents than anyone else, including the development of new on-demand marketing collateral and specialty programs built with your business in mind.

About Coventry.

Coventry created the secondary market for life insurance, coining the term “life settlement” to describe the transaction that enables policyowners to sell their unneeded life insurance policies. For more than 20 years, Coventry has been the life settlement market leader, driving the industry forward and expanding opportunities for policyowners. Since its founding, Coventry has completed more than $40 billion in longevity-linked transactions.

The 2020 Conning research report estimates about $230 billion of existing life insurance meets the minimum criteria for life settlements.

$230 Billion


In 2020, Coventry purchased over 40% of all policies sold in the secondary market.


The Advisor  Services Team is now more than 65 members strong, providing advisors with an unparalleled level of service.

Coventry helps foster a closer client-advisor relationship.

Our vertically integrated structure allows us to provide fast and reliable service so you can focus on your clients and growing your book of business instead of the day-to-day operational processing involved in life settlement transactions. We will work with you to create bespoke solutions on a case-by-case basis. And since we purchase policies with our own capital, we don't require any third-party approvals to make buy decisions. In certain cases, we can even release funds from escrow prior to receiving confirmation of changes of ownership or advance funds to the policyowner to pay premium costs if the policy is in danger of lapsing.

We have the market's broadest purchase criteria and can buy policies that other providers cannot, including cases featuring younger or healthier insureds and policies where premium illustrations are unavailable.

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Dr. Michael G.

"There probably are a lot of people that are in a similar situation that don't know they have an option...I would definitely recommend talking to Coventry."