10/1/2026 10:55 PM (PST)

If you are wondering what is my life insurance policy worth, the answer depends on more than the policy's death benefit. Factors such as the type of insurance, premium costs, cash value, remaining coverage, and the insured person's age and health circumstances can influence its potential value. If you own a permanent policy, you can contact your insurance company to find out its current cash value and surrender value. If you are considering a life settlement, an eligible policy may be evaluated by a provider for a potential settlement offer. Understanding the difference between cash value, surrender value, settlement value, and death benefit can help you compare your options more effectively.