Life settlement companies and investors buy term life policies that have been converted to permanent insurance.  As a policyholder, you can sell your insurance directly to a buyer, called a life settlement provider. You can also use a life settlement broker or you can work with a full-service life settlement company.  A life settlement provider buys converted term policies directly. The process may be faster, but you may get a lower price.  A life settlement broker earns a commission in return for marketing your policy to multiple buyers and securing a higher sales price. You will pay the broker a commission, but the higher sales price should pay for it.  A life settlement company provides a full-service solution, managing the transaction from start to finish. Harbor Life Settlements is a life settlement company, and we use our sister brokerage to get you the highest price.