PolicyAppraisal.com provides a service for consumers, primarily seniors, to determine the market value of their existing life insurance policies. The company's mission is to help policyholders understand that their life insurance can be treated as a convertible asset. They facilitate the sale of these policies on the secondary market in a transaction known as a "life settlement," allowing the owner to receive a lump-sum cash payment that is typically higher than the policy's cash surrender value. This service is aimed at individuals who no longer need or can afford their policy and wish to use the funds for retirement, medical bills, or other expenses.

Founded in

United States