8/18/2026 1:24 AM (PST)

Yes, but term life insurance policies generally do not qualify for a life settlement on their own because they usually do not have cash value. However, if your term policy has a conversion feature that allows you to convert it into permanent coverage, such as Universal Life or Whole Life, it may become eligible for a life settlement. The source notes that qualifying cases generally involve a policy with at least $100,000 in face value, an insured age of 65 or older, and some health decline since the policy was issued.