Life Settlement Resources – Mr Life Settlement

If you’re researching what to do with a life insurance policy you no longer need or can no longer afford, start here. Plain-English explanations, video interviews, podcasts, articles, and official consumer-protection resources — everything in one place.

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What Is a Life Settlement?

A life settlement is the sale of an existing life insurance policy to a third party for a lump-sum cash payment — typically more than the policy’s cash surrender value but less than its death benefit. The buyer takes over future premium payments and receives the death benefit when the policy matures. Before life settlements, policyholders generally had only two options: surrender the policy back to the insurance company for its cash value, or let it lapse by stopping premium payments and getting nothing. A life settlement is a third option — one that treats your policy as the asset it is.

Watch: Rob Haynie Explains Life Settlements

Rob Haynie — known as “Mr. Life Settlements” — is Managing Director of Life Insurance Settlements, Inc. With 30+ years in the industry and thousands of negotiated contracts, he currently serves as Chairman of the Board of the Life Insurance Settlement Association (LISA). Watch him explain it in his own words:

“You Can Repurpose Your Life Insurance” (Answers for Elders)

“Making Your Life Insurance Work for Your Retirement” (Steed Talker, Ep. 515)

“Exploring Life Settlements with Rob Haynie” (Money Talk With Tiff, Ep. 352)

Listen: More Podcast Interviews

Insurance Town: Unlocking Hidden Value in Life Insurance PoliciesRob’s journey since the early 1990s and how settlement proceeds fund retirement and long-term care.Listen now →The Millionaire Next Door (Ep. 56): Getting the Most Out of Your Life Insurance PolicyHow policies are valued, and real cases where clients did far better than surrendering.Listen now →The Wealth Flow (Ep. 185): How Life Settlements Unlock Hidden ValueThe 90-day process, retained death benefits, converting term policies.Listen now →The Chris Voss Show: Discover the True Value of Your Life InsuranceRob Haynie and Mark Mrky on common misconceptions.Listen now →Unlocking the Hidden Value of Your Life InsuranceRob’s own co-hosted podcast on getting more from your policy.Listen now →

Read: Articles by Rob Haynie

Forbes: Building Unbiased Awareness of the Life Settlement MarketplaceWhy awareness is the industry’s biggest challenge, and what FINRA’s guidance means for policyholders.Read the article →

Life Insurance Settlements, Inc.

Rob Haynie is Managing Director of Life Insurance Settlements, Inc., one of the oldest and most established life settlement brokerage firms in the United States.

Company site · About the firm and Rob’s background

Industry Association

LISA — the Life Insurance Settlement Association — is the nation’s oldest and largest trade organization for the life settlement industry.

LISA consumer page: how settlements work and why seniors sell

Regulation & Consumer Protection

Life settlements are regulated at the state level — most states license settlement brokers and providers and require consumer disclosures. Before working with any company or broker, check with your state insurance commissioner that they are properly licensed and have no complaint history.

NAIC Consumer Guide: Understanding Life SettlementsFree download from the National Association of Insurance Commissioners.Get the guide →NAIC: Your State Insurance Department Is Your Trusted SourceHow to contact your state insurance department for licensing and complaint checks.Learn more →SEC Investor Bulletin: Life SettlementsThe U.S. Securities and Exchange Commission’s investor guidance on life settlements.Read the bulletin →FINRA: What You Should Know About Life SettlementsKey facts for investors and policyholders from the Financial Industry Regulatory Authority.Read the article →

Common Questions

How much could my policy be worth?

It depends on your age, health, policy type, face amount, and premiums. Offers are often several times the cash surrender value — the only way to know is a free appraisal.

Settlement vs. surrender vs. lapse?

Surrender: cancel and take the carrier’s cash value. Lapse: stop paying and get nothing. Settlement: sell on the secondary market for a lump sum, usually well above surrender value.

How long does it take?

Around 90 days from appraisal to payout.

Is this legitimate?

Yes. Policies have been legally sellable property since a 1911 U.S. Supreme Court decision, and most states regulate the market with licensing and disclosure requirements.

Find Out What Your Policy Could Be Worth

No obligation. We’ll review your policy and tell you what it’s worth on the settlement market.

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