Nearly ninety percent of all life insurance policies are surrendered or allowed to lapse. Yet, certain policies insuring seniors have a higher market value in the secondary market for life insurance than the surrender value. Life settlements provide an alternative to a lapse or surrender by unlocking substantial unrealized value in these policies.

A life settlement is the sale of a life insurance policy to an institutional funder for an amount greater than the cash surrender value and less than the death benefit. The buyer then assumes responsibility for the policy's premiums and collects the death benefit. Almost every type of life insurance policy can be sold in a life settlement, including term policies, which have no surrender value.

Brookwood Settlements, LLC is a life settlement broker specializing in senior life settlements. On behalf of policyowners, we negotiate the highest offer in the secondary market for life insurance. We are committed to providing maximum value to policyowners, delivering unparalleled service, and adhering to the highest standards of professionalism and integrity. Every day, we work with policyowners and advisors to achieve the outcome that meets the individual needs of our clients.