Plain-English education
General guides and explanations designed to make an unfamiliar subject easier to understand.
Plain-English education
Understand Life Settlements Before Making a Decision
Get your free guide on how life settlements work and what to look out for.
Educational information only. This guide concerns existing life insurance policies. Volvida does not sell life insurance, request policy documents, medical records, or financial documents, or act as a life-settlement provider, insurer, insurance agency, broker, buyer, or referral service.
Our role
What Volvida Provides
Volvida is an educational information service. We publish plain-English guides and general resources to help policy owners, families, and professionals understand life settlements and the choices connected to existing life insurance policies.
Decision-preparation resources
Common questions, alternatives, risks, and guidance on verifying licenses through the appropriate state regulator.
Information without transaction services
No policy valuations, eligibility decisions, offers, negotiations, referrals, or transaction assistance.
Clear role: Volvida provides an informational and educational service; it is not a life-settlement provider, insurer, insurance agency, broker, buyer, or referral service.
The basics
What Is a Life Settlement?
A life settlement generally involves the sale of an existing life insurance policy to a third-party buyer for a cash payment. The buyer becomes the policy owner and beneficiary, generally assumes responsibility for future premiums, and receives the policy benefit when it becomes payable.
The payment is less than the policy's death benefit and may be greater than its cash surrender value. Availability, requirements, and results vary by state, policy, and individual circumstances.
The owner receives a payment
The policy owner accepts an agreed payment in exchange for transferring ownership of the policy.
Ownership and beneficiary rights change
The purchaser becomes the policy owner and beneficiary.
The purchaser generally assumes future premiums
The purchaser generally keeps the policy in force and later receives the policy benefit.
Free educational guide
What the Volvida Guide Covers
Start with balanced, plain-English information before sharing sensitive information or making a decision.
- What a life settlement is and how the process generally works.
- The different roles of life-settlement providers and brokers.
- Common factors considered in life settlements.
- Alternatives, risks, fees, taxes, privacy, and beneficiary considerations.
- Fraud warnings, questions to ask, and how to verify licensed professionals.
Volvida does not request policy documents, medical information, diagnoses, medications, life expectancy, policy numbers, carrier information, policy values, premium information, or desired sale amounts through this website.
About Volvida
Balanced information for a consequential decision
Volvida is an educational information service focused on making life settlements and the choices connected to existing life insurance easier to understand.
Our goal is to help policy owners, families, and professionals begin with balanced information, ask better questions, and verify the licensed professionals and regulators relevant to their state.