Sell Your Life Insurance & Create Lasting Memories

TERM, WHOLE & UNIVERSAL

Get the Highest Offer with Bridge!

What is a Viatical Settlement?

A Viatical Settlement is the sale of an existing life insurance policy to an investor for more money than its cash surrender value but less than its (net) death benefit. Specifically, for people of any age with an unfortunate critical or chronic illnesses. Even Term Life policies with $0 cash value may qualify.

About Bridge Insurance

Bridge is a (licensed & insured), Viatical Settlement Broker. As a fiduciary, we represent the seller’s best interest. We help save them time, money & energy by shopping providers resulting in the highest return. We only earn a commission if the sale is achieved.

Which one represents you (policyowner)?

Under 65 with a Critical illness

You’re in the right place. This page is meant to help you navigate the basics of Viatical Settlements. If you have questions see FAQ’s or Contact us.

Over 65 years

Regardless of health, if one is over the age of 65 years old please refer to the Life Settlements page for more info.

What type of policy do you own?

Term Policy

Term policies may be eligible to sell depending on health underwriting and/or policy details.

Whole Life

Whole life policies may be eligible to sell based on health. Don’t cash in without talking to Bridge first!

Universal Life

Universal policies may have untapped values! Don’t cash in without talking to Bridge first!

Health costs are arguably the leading cause of bankruptcy in America. A critical or chronic illness can push finances over the edge.

Do you qualify?

To qualify for a Life Settlement each case must meet the Investor’s three main criteria;

Health.

Health status is one of the main factors for Life Settlements. Good health doesn’t disqualify!

Policy.

The death benefit should be at least $250K. Cash Value does not heavily influence the sale.

Age.

Typically seniors 75+ qualify more easily (depending on health status or policy).

Freedom to Sell

Don’t let the Insurance company hold you hostage! You have the right to sell your life insurance policy without feeling obligated.

What’s the Process?

The process can take weeks or months depending on medical underwriting, release forms and parties involved. Here is a timeline according to the Life Insurance Settlement Association.

“We believe in integrity by helping people with an unfortunate illness, win back their losses from Life insurance companies. We do this by helping them sell their policy for more money.

— Brandon Selfors / Founder

A plan is like a bridge you cross to reach ⁠your goal

under 65 couple

HighLife Guarantee™

Bridge offers a personalized plan to help clients sell all or a portion of their life insurance policy for the highest return guaranteed.

“Very helpful and knowledgeable…Highly recommend. No pressure. Kind concerning and outstanding professionalism…”

google review

Ellis P. from FL

Success Stories

A male age 74 and female age 73 had purchased a $1.5 survivorship UL policy to pay estate taxes. With the dramatic increase in the estate tax exclusion, they no longer had a federal estate tax liability and this policy was no longer necessary. Both had some health issues and they were able to sell the policy for $400,000.

A 77-year-old male owned 3 universal life policies that were distributed to him from a pension plan when he retired, but he could no longer afford the premiums on them. He was able to sell two of the policies, with face amounts totaling $761,200 for $284,328. The sale proceeds allowed him to both improve his retirement income and maintain the third policy of $411,047.

A 65-year-old male owned $15 million of term insurance with its conversion period about to end.He could not afford to convert all the insurance.He sold $10 million of converted term in a life settlement transaction for $90,000. He then used the money towards the conversion of the remaining $5 million that he kept for himself.

Get the Highest Offer with Bridge!

Brokers vs. Providers

There are typically two way to sell a policy.

Life Settlement Brokers

Brokers are a fiduciary that work with multiple buyers to obtain the highest offer for a commission.

  • ⚖️ Legal fiduciary (client best interest).
  • 💰 Highest Offer
  • ⌛ Longer process
  • 🤲 Broker fee
  • ⏱️ Save time
  • 😃 Done for you

Direct to Providers

Providers are buyers/investors of policies and are NOT a fiduciary. They earn money from the death benefit.

  • ❌ May not have a fiduciary duty
  • 😟 Single offer only
  • ⏳ Faster process
  • ❌ No negotiation power
  • ❌ No fair market value
  • ❌ No representation

Should I Sell?

Selling a policy may not be for everyone. Consider your options;

Potential Rewards

  • ✅ Financial relief
  • ✅ Possible tax benefits (consult tax pro)
  • ✅ Pay for medical bills
  • ✅ Enjoy the life and celebrate!

Potential Risks

  • ⚠️ Proceedes may be taxable.
  • ⚠️ Proceeds may be subject to creditors
  • ⚠️ May not be able to obtain Life Insurance

Bridge’s Bond

Bridge is committed to our client’s protection and safety. That is why we have stepped-up our procedures to help combat fraud in our industry. Bridge is licensed, insured and strives for the highest ethical standards. Read our Anti-Fraud Policy.

FAQ’s

What do I need before I call?

To ensure a productive first meeting, be sure to have a physical or digital copy of the owner’s life insurance policy handy along with medical, medication and physicians contact information. The initial pre-qualification and quote could take between 20-45min.

Is there a minimum requirement?

Generally, we do not sell policies under $150,000 (ie: death benefit) unless the owner’s life expectancy is critical or the policy can be converted to a whole life product.

What about ADB's?

ADB or Accelerated Death Benefits. We suggest that if your policy includes an ADB provision, you should talk with your Life Insurance company as this may be a better option for you. Feel free to call us for a second option.