Life Settlement Calculator in Fort Lauderdale, FL – Discover Your Policy’s True Value

Many Fort Lauderdale residents own life insurance policies they no longer need, want, or can afford. Too often, these policies are allowed to lapse or are surrendered for a small cash value. What most policyholders don’t realize is that their policy may be worth significantly more on the secondary market.

That’s where a Life Settlement Calculator comes in. At Summit Life Insurance, we help Fort Lauderdale policyholders instantly estimate how much their life insurance policy could be worth if sold through a life settlement.

What Is a Life Settlement Calculator?

A Life Settlement Calculator is a free online tool that estimates the value of your life insurance policy if sold to licensed buyers. It provides a quick and easy way to see how much cash you could potentially unlock without having to commit to anything.

The calculator considers:

• Your age and health

• Policy type (whole life, universal life, convertible term)

• Face amount (death benefit value)

• Premium costs

Why Use a Life Settlement Calculator in Fort Lauderdale?

✔ Instant Insight – Get a ballpark estimate of your policy’s value.
✔ Better Decision-Making – Compare life settlement payouts vs surrender value.
✔ No Surprises – Understand your potential before starting the process.
✔ Peace of Mind – Know your policy is an asset, not just a contract.

For many, the calculator is the first step toward turning an unwanted policy into tens of thousands of dollars in retirement income.

How the Life Settlement Calculator Works

Using Summit Life Insurance’s Life Settlement Calculator is simple:

1. Enter Policy Information – Face amount, policy type, and current premiums.

2. Add Personal Details – Your age and general health status.

3. Get an Estimate – See how much your policy could be worth if sold.

Example Estimate

• Policy: $500,000 Universal Life

• Age: 75

• Health: Average

• Premium: $550/month

Estimated Settlement Value: $60,000 – $180,000

Without a calculator, many seniors would simply surrender the policy for a small fraction of that value.

Who Qualifies for a Life Settlement in Fort Lauderdale?

You may qualify if you:

✔ Are 65 or older (or younger with health impairments)
✔ Own a policy with at least $100,000 in face value
✔ Have a Whole Life, Universal Life, or Convertible Term policy
✔ Are paying high premiums you no longer want

Life Settlement vs Surrender Value

Here’s why the calculator matters:

• Surrender Value: What the insurance company pays if you cancel the policy (usually low).

• Life Settlement Value: What investors will pay (often 4–10 times higher than surrender value).

Example:

• Surrender Value = $12,000

• Life Settlement Value = $90,000

• Extra Cash = $78,000 more in your pocket

How Much Can You Get for Your Policy?

Most policyholders in Fort Lauderdale receive 10%–40% of their policy’s face value in a settlement.

Examples:

• $250,000 policy → $25,000 – $100,000

• $500,000 policy → $50,000 – $200,000

• $1,000,000 policy → $100,000 – $400,000

The calculator provides a realistic range so you know what to expect.

Why Work With Summit Life Insurance?

✔ Licensed Florida Broker – Fully regulated by state laws.
✔ Local Expertise – Serving Fort Lauderdale and surrounding areas.
✔ Access to Multiple Buyers – We shop your policy for competitive offers.
✔ Free, No-Obligation Estimates – Our calculator and consultations are always free.
✔ Higher Payouts – Clients often receive 20–50% more than going direct to a buyer.

Frequently Asked Questions (FAQs)

1. Is the Life Settlement Calculator free?
Yes. It’s 100% free and confidential.

2. Does using the calculator mean I must sell my policy?
No. It’s only a tool to give you an estimate.

3. How accurate is the estimate?
It provides a preliminary range. Final offers depend on medical underwriting and buyer demand.

4. How soon will I get cash if I sell?
Most settlements close in 30–60 days.

5. Is this legal in Florida?
Yes. Florida regulates life settlements, and Summit Life Insurance is a licensed broker.

Final Thoughts

Your life insurance policy is more valuable than you may think. With a Life Settlement Calculator, Fort Lauderdale residents can quickly see how much cash they might unlock—without obligation, risk, or cost.

At Summit Life Insurance, we make it easy. Whether you want to stop paying expensive premiums, boost retirement savings, or simply explore your options, our calculator is the first step.

Try the Summit Life Insurance Life Settlement Calculator today and find out what your policy is really worth.