Coventry (via Coventry Direct/Coventry First) buys unwanted life insurance policies rather than paying premiums.
Payouts vary widely based on age, health, policy size, and carrier, but industry sources suggest policyholders typically receive an upfront cash settlement averaging around 20 percent of the policy’s death benefit, though this can reach several times the surrender value.
Policies generally need a face value of $100,000 or more, with owners often 65 or older. Coventry provides personalized quotes since offers vary widely and often start lower before rising through a competitive process.