Do you own a life insurance policy that you no longer need, want, or can afford? If so, you may be sitting on a hidden financial asset. Through a process known as a life settlement, policyholders in Fort Lauderdale can sell their life insurance policies for a lump-sum cash payment—often much more than the surrender value offered by the insurance carrier.
But how do you know what your policy is worth before starting the process?
Enter the online life settlement calculator in Fort Lauderdale—a fast, easy, and private way to estimate the potential value of your life insurance policy.
At Summit Life Insurance, we provide free access to a reliable life settlement calculator designed specifically for Florida residents. Whether you're curious or serious about selling your policy, this tool can provide clarity, confidence, and next steps.
What Is a Life Settlement?
A life settlement is the sale of a life insurance policy by the policyholder to a third party—typically an institutional investor. The buyer takes over premium payments and receives the death benefit when the policyholder passes away. In return, the policyholder receives a lump sum of cash upfront.
This option is often ideal for:
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Seniors aged 65 or older
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Individuals with unaffordable or unneeded life insurance
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People seeking extra retirement income or help with medical bills
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Policyholders with a life expectancy of 10–15 years or less
In a high-cost-of-living city like Fort Lauderdale, selling a policy can provide much-needed liquidity for healthcare, housing, or even travel during retirement.
How Does an Online Life Settlement Calculator Work?
An online life settlement calculator is a digital tool that estimates how much your life insurance policy could be worth in the secondary market. It’s fast, free, and does not require a commitment to sell.
At Summit Life Insurance, our Fort Lauderdale-focused calculator asks a few key questions:
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Your age
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Type of life insurance policy (universal, whole, term, etc.)
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Face value of the policy
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Premium payment amount
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Health status or medical condition (optional for estimate)
Within minutes, you’ll receive an estimated cash payout range based on current market trends and investor interest.
Benefits of Using a Life Settlement Calculator
1. Immediate Insight
You’ll know right away whether your policy has life settlement potential—saving you time and helping you make informed decisions.
2. 100% Confidential
There’s no pressure and no sales pitch. The estimate is provided anonymously and securely.
3. Free to Use
You can use the online life settlement calculator as often as you like without cost or obligation.
4. Better Financial Planning
Knowing your policy’s value can help you plan for retirement, long-term care, or legacy goals.
Why Fort Lauderdale Residents Are Using This Tool
In Fort Lauderdale, the cost of living, healthcare, and insurance premiums continue to rise. Many residents find themselves “over-insured” or holding policies that no longer align with their current lifestyle.
Using an online life settlement calculator in Fort Lauderdale helps residents:
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Decide whether to keep, lapse, or sell a policy
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Prepare for retirement or assisted living
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Convert insurance into a usable asset
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Avoid letting valuable policies expire with no benefit
Summit Life Insurance: Your Local Life Settlement Experts
At Summit Life Insurance, we provide more than just a calculator—we offer expert guidance through the life settlement process. Once you use the calculator and discover your policy’s potential, our team of licensed Fort Lauderdale-based advisors can walk you through your next steps.
Why clients choose us:
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✅ Fully licensed in Florida
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✅ Local support with national expertise
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✅ Access to a network of trusted institutional buyers
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✅ Transparent, no-pressure consultations
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✅ Personalized offers and retained death benefit options
What Happens After You Use the Calculator?
After receiving your estimate from our online life settlement calculator, you can:
1. Request a Personalized Review
If the estimate looks promising, you can schedule a free consultation with a Summit Life Insurance advisor.
2. Submit Medical & Policy Documents
For a firm offer, buyers typically require recent medical records and policy documentation.
3. Receive Multiple Offers
We shop your policy to vetted institutional buyers, ensuring you get the best deal possible.
4. Choose to Sell—or Not
There’s no obligation to sell. You remain in control and decide what’s best for your financial goals.
What Kinds of Policies Qualify?
Most life insurance policies with a face value of $100,000 or more may qualify for a life settlement, including:
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Universal Life
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Whole Life
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Convertible Term Life
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Group Life (in some cases)
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Survivorship Policies (select cases)
If you’re unsure, our calculator can still give you an estimate—then we can review the policy details with you one-on-one.
Real-Life Example: Fort Lauderdale Retiree Gains $85,000
One of our clients, a 73-year-old Fort Lauderdale resident, owned a $250,000 universal life policy with rising premiums. Using our online life settlement calculator, she discovered her policy might fetch up to $90,000. After a full review, she accepted an $85,000 offer—far more than the $12,000 surrender value offered by her insurer. She used the money to pay off debt and fund a move to a senior community.
Conclusion: Discover the Value of Your Policy Today
If you live in Fort Lauderdale and are over 65, you could be holding a valuable asset without even knowing it. Your life insurance policy might be worth thousands—money that could improve your quality of life, cover healthcare costs, or support your retirement dreams.
With the Summit Life Insurance online life settlement calculator in Fort Lauderdale, you can get a free, instant estimate of your policy’s worth with zero pressure and full privacy.
💻 Try the Calculator Now
Visit Summit Life Insurance’s website to use our free online life settlement calculator today. It's quick, confidential, and could open the door to life-changing financial options.
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