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Monetize your life insurance policy for market value

Your insurance policy is your asset.

Currently, life settlements are only permitted in Quebec. For all other provinces, Quebec included, we can offer a Life Advance.

Are you questioning if you still need the same level of life insurance or any at all?

What happens when life circumstances change, and the reasons for maintaining a life insurance policy no longer apply? Perhaps your children have grown-up and achieved financial independence, you’ve sold or are planning to sell your business, or your investments no longer carry the same punishing tax burden. Perhaps an unforeseen medical condition and /or financial setback has made accessing funds today more valuable than in the future.

Life’s inevitable changes mean that life insurance coverage that was necessary when it was purchased may become redundant or unaffordable later in life. In situations like these, it is prudent for a policy owner to consider the options for exiting their insurance contract, with the ideal choice being one that maximizes their financial outcome and peace of mind.

It’s your life insurance policy. Use it for what you want:

Enjoy your golden years

Enhance your lifestyle

Pay for medical expenses

See the world

Unfortunately, most Canadians are not aware of the full range of options for dealing with a life insurance policy that is unneeded or impractical to their immediate life circumstance. In many cases, uninformed consumers decide to stop paying premiums and void their insurance contract altogether, or they surrender their policy to their life insurance carrier in return for a small cash surrender value. Thousands of these concessions are made by Canadians every year, and it results in millions of dollars in lost face value that will never be paid out. Is it any wonder that insurance companies would prefer that you lapse your policy in your senior years? In such situations, the insurance companies receive something for providing nothing in return.

Canadian Life Settlements offers innovative financial solutions for individuals who wish to exit their life insurance policy during their lifetime. In most cases, these options will provide a significantly better financial outcome for disposing of your insurance assets than the alternatives of halting premium payments or cashing in the policy with the financial institution providing coverage. Let’s explore together how you and your family can benefit from your life insurance policy, today.

Looking for More Information on Life Settlements and Life Advances in Canada?

Discover everything you need to know about monetizing your life insurance policy in our comprehensive Learning Centre

Life Settlements in Canada

Life insurance policies that have been sold are referred to as a life settlements in Canada. Just like any other asset you own, your life insurance policy can be sold to a third party. In the case of life insurance, selling a policy to a third party means selling it to someone other than the insurer, for an amount less than face value (the death benefit) and greater than the surrender value. In such situations, the third party who purchases the policy becomes the responsible party for paying all policy premiums, removing the insured from all financial obligations to the insurance carrier.
In many cases, the amount received will be substantially higher than that offered by an insurance company on surrender. This represents a more equitable economic value to the financial consumer as a return for years of diligently making premium payments.

Protecting Your Family

You may have purchased a life insurance policy to safeguard your family’s future. That could mean allowing your family to continue living in their dream home, or ensuring that your child will be able to attend the school that they always wanted.

Protecting Your Business

You may have purchased life insurance to protect the future of your business. Perhaps you insured the key people in your company, or purchased polices for the partnership or shareholder’s agreement.

Protecting Your Investments

Perhaps you were concerned with the tax liabilities accruing within your real estate assets or other investment holdings. The coverage would take care of paying the income tax that is owed on the capital gains and other income so that your family could keep the estate intact.


Use our Life Settlement Calculator for a free estimate with no obligation to sell.

We are Canadians working with Canadians, and we look forward to speaking with you. Call us, chat with us or click on the following button to find out how much your policy is worth.

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