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A life settlement is the sale of a life insurance policy to a third party for a value in excess of the policy’s cash surrender value, but less than its face value, or death benefit.  A policy owner receives a cash payment, while the purchaser of the policy assumes all future premium payments and receives the death benefit upon the death of the insured.  Life changes.  Maybe the policy you’ve had over the years is no longer needed.  Or maybe the premiums are continuing to rise to a level that you can no longer maintain.  The Life Settlement market can be a great alternative to lapsing or surrendering a policy, where you will likely be leaving money on the table.

Did You Know?

  • Prior to the existence of the Life Settlement Market, policy owners received little, if any, economic value from policies they no longer wanted, needed or could afford.

  • In fact, even today, it is estimated that more than 90% of life insurance policies lapse due to consumer’s lack of awareness of the life settlement market. 

  • Many seniors hold policies that are worth more than their cash surrender value and they don’t even know it.

  • Similar to other assets, the secondary market for life insurance provides liquidity. This liquidity component adds value to the life insurance policies that a consumer owns. 


Tell Us a Bit About You
Tenaya Insurance Services is truly committed to offering you the best insurance you or your company needs and deserves.

Feel free to call and discuss your options today. 

TEL: 925-322-8073

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