Citizens Life Group

06/01/2026

Thinking about canceling a life insurance policy you no longer need? The steps are simple, but it's worth pausing before you sign.

Call your carrier, request the surrender form, and confirm whether a loan balance or surrender fee comes out of your check. Those fees can reach 10% to 35% of your cash value.

The bigger issue: surrendering is the most common exit and usually the lowest-paying one. The average surrender payout fell 27% in one year, from $33,493 in 2024 to $24,360 in 2025.

On a permanent policy, check what it's worth on the open market first. That paperwork can't be undone.

Free and no obligation.
https://www.citizenslifegroup.com

05/26/2026

A 74-year-old client had a $1 million IUL policy 12 years in. Rising cost-of-insurance charges were dragging it toward lapse within 18 months.

His financial advisor suggested exploring a life settlement before surrendering.

Insurance company surrender value: $41,200.
Life settlement payout: $185,000.

The funds were redirected into a fixed annuity for stable retirement income. 4.5x more than the carrier would have paid him to walk away.

https://www.citizenslifegroup.com/our-results/

05/20/2026

The average life settlement pays sellers 6.5 times what their insurance company offers to surrender the same policy.

That's the headline from LISA's 2024 data. The harder question is what shapes the offer you'd actually receive. New breakdown of the five factors that move it up or down, and six things sellers can do to push the number higher.

The average life settlement offer is about 20 percent of a policy's face value, but your number can move a lot. Here's how to know what fair looks like.

05/11/2026

Most seniors selling a life insurance policy only see one offer.

Surrender to the carrier means one buyer. A direct buyer means one take-it-or-leave-it number.

A fiduciary broker shops the same policy to 15-20 institutional buyers. Industry average: 9 competing bids per closed policy.

https://www.citizenslifegroup.com/

05/07/2026

Most people assume term life insurance is worthless the day it expires. That isn't always true.

If your policy includes a conversion privilege, or your health has meaningfully changed since you bought it, you may be able to sell it for a real cash payment. We just published a full guide on the two paths and what payouts look like.

https://www.citizenslifegroup.com/blog/can-you-sell-term-life-insurance-policy/

Yes, in some cases. Learn when a term life insurance policy can be sold, how convertible term works, what payouts look like, and your alternatives.

05/04/2026

Same policy. Three very different outcomes.

Most seniors only hear about lapse and surrender. The third option, a life settlement, paid an industry average of 6.5x cash surrender value in 2024.

https://www.citizenslifegroup.com/

04/30/2026

Our founder Jeffrey Hallman has a new guest article live on Insurance Thought Leadership.

It's about why the life settlement industry needs to shift from sales tactics to genuine senior advocacy.

Life settlement sellers rarely receive competing offers, leaving billions on the table while direct buyers capture the spread.||Life settlement sellers rarely receive competing offers, leaving billions on the table while direct buyers capture the spread.

04/27/2026

Only 6 states require insurers to tell seniors that life settlements exist before a policy lapses or is surrendered. The other 44 don't.

Find out what your policy is actually worth before you let it go. Free evaluation, no obligation.

https://www.citizenslifegroup.com/
(321) 270-0279

04/23/2026

A quick one for business owners, retirees, and families cleaning up old paperwork.

If a life insurance policy was bought for a reason that no longer exists (a business sold, a partner bought out, a trust that outlived its plan), it may be worth real money on the secondary market before it gets surrendered or allowed to lapse.

Free evaluation. No obligation.

https://www.citizenslifegroup.com/

04/22/2026

If your life insurance premium just went up sharply, you're not alone, and it's not your fault.

In our new guide, we walk through why this is happening to millions of universal life policies, what major class action settlements have revealed about the industry, and the six real options you have if a premium increase notice just landed in your mailbox.

Six real options, explained clearly.

https://www.citizenslifegroup.com/blog/universal-life-premiums-going-up/

Why universal life premiums rise sharply in retirement, what major class action settlements have revealed, and six real options for seniors facing an increase.