How does Coventry Direct work?

Coventry Direct helps people sell unwanted life insurance policies for cash instead of letting them lapse. You submit your policy for evaluation, and Coventry Direct assesses factors like age, health, policy type, death benefit, and cash value.

Qualifying policies are referred to Coventry First, the licensed settlement provider, which may present a cash offer or a mix of cash plus reduced coverage with no future premiums. If you accept, funds are placed in escrow while ownership transfers to the insurer’s records.

The buyer then takes over premium payments and collects the death benefit later. Typically, applicants need to be around 65 or older, and policies must be worth at least $100,000.