Life insurance in force refers to an active and adequate life insurance policy after the application process has been completed and the policyholder has agreed to the insurance contract terms. It means the policy is in effect and legally binding. Most importantly, the life insurance policy will provide coverage as long as the policyholder pays the premiums on time.

If the policyholder fails to pay the premiums, the policy may lapse, which means it becomes inactive and the coverage is no longer in force. However, some policies may have a grace period, a specific timeframe during which the policyholder can still make the required premium payment to reinstate the coverage without needing to reapply for a new policy.

Policyholders need to understand the terms and conditions of their life insurance policy to ensure that it remains in force and provides the intended coverage for their beneficiaries in the event of their passing. Therefore, monitoring premium payments and reviewing the policy regularly can help ensure that life insurance remains in force and provides the intended financial protection for loved ones.

Selling Your Life Insurance Policy for Cash with Welcome Funds

How can you ensure you receive the best offer when selling your life insurance policy? Applying to every licensed buyer in your state, which could be 10–35 different companies, is the only way to know for sure. However, these direct buyers often prioritize their investors' interests over yours. At Welcome Funds, we level the playing field for policy owners. We negotiate the best offer for you through an auction with multiple buyers. When buyers compete, policy owners win! Experience simplified life settlements with one application and multiple buyers.

Welcome Funds: Representing You!

Welcome Funds, established in 2000, is a nationally licensed life settlement broker representing policy owners in the secondary market. Our institutional life insurance buyers engage in an auction bidding process, ensuring we secure the highest offer from the life settlement market. With over 35,000 life settlement offers negotiated and over $1 billion in sales proceeds provided to clients, we have the expertise to offer professional representation and expert advice on selling your life insurance policy. Visit our website to learn more.

Find Out if You're Eligible to Sell Your Life Insurance Policy for FREE!

Find out if you or your loved one is eligible to sell a life insurance policy without any cost. Our life settlement qualification process is confidential, and there's no obligation at any time. Take advantage of our FREE personal consultation and appraisal by completing our quick Life Settlement Qualifier or calling us toll-free at 877.227.4484 to speak with a client care advocate. Learn how Welcome Funds can help you unlock the value of your life insurance policy today.

Sell Your Life Insurance policy