FAQs

1 / What does Consult X Life do?

We buy qualifying life insurance policies from policyholders who no longer want or can afford to keep them.

2 / Why would a policyholder sell their policy?

To stop paying premiums, unlock immediate cash value, or avoid letting a policy lapse with no return.

3 / Who qualifies for Consult X Life?

Typically older policyholders with active life insurance policies. Each case is assessed individually.

4 / How is the price determined?

We evaluate factors like age, health, policy value, premiums, and insurer terms before making an offer.

5 / What are the tax implications of Consult X Life's offering?

If there are any tax consequences for the policyholder arise as a result of our offering , Consult X Life contractually undertakes to settle those taxes from the policy proceeds.

6 / Do I have to accept the offer?

No — there is no obligation. You are free to decline after receiving a quote.

7 / What happens after I sell my policy?

We take over premium payments and become the owner and beneficiary of the policy.

8 / How long does the process take?

Consult X Life aims to provide an initial indication on whether we would consider purchasing the policy within 3 business days. If the policy qualifies, the transfer process (cession) typically takes a few weeks, depending on the insurer’s approval and the required documentation.

9 / Will this affect my other financial products?

No — it only applies to the specific policy you choose to sell.