If you have a life insurance policy you no longer need, or can no longer afford, you may be sitting on untapped value. Many policyholders in Fort Lauderdale don’t realize their life insurance can be sold for a lump-sum payout through a life settlement—and determining its worth is easier than ever with a life settlement calculator.
At Summit Life Insurance, we provide an easy-to-use life settlement calculator in Fort Lauderdale, FL, that helps you estimate the real value of your policy within minutes. Whether you're considering retirement planning, managing healthcare expenses, or just want more financial flexibility, understanding your policy’s worth is the first step toward unlocking its full potential.
What Is a Life Settlement?
A life settlement is a financial transaction where you sell your life insurance policy to a third party for more than its cash surrender value, but less than the death benefit. The buyer takes over the policy, pays the premiums, and receives the payout when the insured passes away.
Life settlements are ideal for individuals who:
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No longer need coverage
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Can’t afford rising premiums
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Are planning for retirement
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Want to reallocate financial assets
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Are facing a medical or financial hardship
The payout from a life settlement can be used for any purpose—there are no restrictions.
Why Use a Life Settlement Calculator?
A life settlement calculator is a valuable tool that gives you a quick, free estimate of what your policy could be worth in today’s market. While it won’t provide a final offer, it helps you decide whether pursuing a settlement is worth your time.
Summit Life Insurance offers a local, Fort Lauderdale-based calculator built for Florida policyholders, taking into account:
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Your age and health status
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The type of policy (term, universal, whole life)
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The death benefit amount
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Premium payments
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The policy’s issue date
Our calculator is easy to use, doesn’t require sensitive personal details upfront, and gives you immediate insight into potential value—without any obligation.
How Summit Life Insurance Helps Fort Lauderdale Policyholders
Summit Life Insurance isn’t just another national firm—we’re a local leader in life settlements serving the Fort Lauderdale community. Our goal is to give policyholders clarity and control when considering their life insurance options.
Here’s what sets us apart:
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Accurate Estimates: Our calculator is backed by real-time market data and underwriting standards.
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Personal Consultations: After you get your estimate, our licensed brokers offer free guidance on next steps.
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Local Expertise: We understand the Florida life settlement laws, tax rules, and buyer networks.
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Confidential & Safe: Your information is protected, and you won’t receive spam or pressure.
For Fort Lauderdale residents, having a trusted, local partner makes a significant difference when dealing with complex financial tools like life settlements.
How the Life Settlement Calculator Works
The process is simple and only takes a few minutes:
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Enter Basic Information – Your age, type of policy, face value, and general health condition.
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View Your Estimate – Instantly see an estimated settlement range based on your inputs.
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Schedule a Consultation – If you’re interested, you can book a no-pressure call with a Summit Life Insurance advisor.
The calculator is completely free and can help you understand whether a settlement is a viable option—before you commit to anything.
Why Fort Lauderdale Residents Should Explore Life Settlements
Living in Fort Lauderdale, FL, means managing the high cost of living, healthcare, and retirement planning. For many seniors or policyholders over 65, life insurance becomes an unnecessary or unaffordable expense.
Rather than surrendering your policy for a minimal cash value or letting it lapse, you may be able to sell it for tens or even hundreds of thousands of dollars—all tax-efficient and fully legal in Florida.
With the help of Summit Life Insurance and our life settlement calculator, you can make an informed financial decision and potentially gain immediate liquidity when you need it most.
Who Qualifies for a Life Settlement?
You may qualify if:
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You’re age 65 or older (or younger if facing serious health conditions)
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Your policy has a face value of $100,000 or more
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The policy is convertible term, universal, or whole life
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Premiums are still manageable or can be negotiated
Even if you’re unsure, our calculator and expert team will help you determine your eligibility quickly and confidently.
Final Thoughts
You’ve paid into your life insurance for years. Now, with the help of the Summit Life Insurance Life Settlement Calculator in Fort Lauderdale, FL, you can finally see what it’s worth—and decide if it’s time to turn it into cash.
If you're ready to explore your options, use our free calculator today. It’s fast, private, and backed by experienced local advisors who have your best interest at heart.
Summit Life Insurance is here to make sure every policyholder in Fort Lauderdale knows their rights, their options, and their policy’s real value.
FAQs
1. Is the life settlement calculator free to use?
Yes, Summit Life Insurance offers the calculator completely free of charge, with no obligation or upfront commitment.
2. What information do I need to use the calculator?
You'll need your age, basic health status, policy type, death benefit amount, and current premium information.
3. How accurate is the life settlement calculator?
While it offers a general estimate, it’s based on real-life market data. For a formal offer, you’ll need to go through underwriting.
4. Will using the calculator affect my policy or credit?
No. It’s a non-invasive tool and does not affect your policy, credit score, or coverage in any way.
5. What happens after I use the calculator?
You can choose to speak with a licensed broker at Summit Life Insurance who will walk you through the next steps if you’re interested in a formal life settlement offer.
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