Access Funds From Your Life Insurance —In Days, Not Months
Proven financial support when it matters most. Get a private estimate of what your policy could be worth—without giving up what's most important.
- Takes less than 30 seconds
- No cost, no commitment
- Trusted nationwide
Get your estimate in under 30 seconds
Answer a few quick questions. No cost, no commitment, and no impact to your policy.
Fast Eligibility Check
Find out if you qualify in minutes—with a real answer, not a form letter.
No Pressure
Explore your options freely. No fees, no obligation—ever.
Dedicated Experts
Speak with specialists who guide you every step of the way.
Three simple steps. That's it.
No paperwork marathons. No confusing jargon. Just a clear path from question to funded.
01
Answer a few questions
Take the 30-second eligibility check. We'll ask a handful of simple questions—no medical records, no credit check.
02
Receive your estimate
A dedicated specialist reviews your details and returns a clear, private estimate of what your policy could be worth.
03
Access your funds
If you choose to move forward, funds can be available in days—not months. Use them however you need.
Built for patients, not paperwork
Cancer Funding was built around a single observation: most cancer patients facing financial strain have never been told that their life insurance policy might be one of their most valuable assets — and that they have the right to sell it for cash.
We are an information and access organization. We help cancer patients and their families understand whether selling a life insurance policy makes sense for their situation, and we connect them with the licensed professionals who can evaluate and purchase a policy when it does.
- We educate first — no pressure, ever
- We connect you with licensed professionals
- We are honest — even when the answer is not to sell
You're not alone — hear from others we've helped
Relief. Clarity. More time with the people who matter most.
Learn about your options
Clear, expert-reviewed guides on funding options, policy basics, and what to expect at every stage.
Talking to your family about financial support optionsDon’t Let Your Life Insurance Policy Lapse Without Reading This FirstTalking to your family about financial support options
If you’re a cancer patient struggling to keep up with life insurance premiums, you are not alone, and you have more options than you may
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Of all the ways cancer changes a person’s financial picture, this one rarely gets discussed: a cancer diagnosis can transform the sale of a life
Patient guides, tools & research
Everything we've published — free to download, no form required.
Patient Guide eBook
When You Need Cash Now: Turning Life Insurance into Money for Treatment, Care, and Family
Download PDF 471 KBStep-by-Step Guide
Should I Consider Selling My Life Insurance Policy? A simple 5-step guide.
Download PDF 144 KBFrequently Asked Questions
Clear, honest answers about life settlements, eligibility, taxes, and benefits.
Download PDF 85 KBWho We Are
Our mission, what we do, and who we serve at Cancer Funding.
Download PDF 55 KBPatient Worksheet
Is a Life Settlement Worth Exploring for Me? A one-page checklist for patients.
Download PDF 79 KBTax White Paper
Tax-Free Cash from Life Insurance Under Section 101(g) — for tax professionals.
Download PDF 134 KBFind out what your policy is really worth— today .
Join thousands of families who have found relief and peace of mind. No cost, no pressure,no impact to your policy.
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Everything you need to know
Clear, honest answers about how cancer funding works — no jargon, no runaround.
What is a life settlement?
A life settlement is the sale of an existing life insurance policy to a third-party buyer for a lump sum of cash. The buyer takes over the premium payments going forward and receives the death benefit when the time comes. You walk away with cash today and no further obligations under the policy.
What is a viatical settlement, and how is it different?
A viatical settlement is a life settlement involving someone who has been diagnosed with a serious or terminal illness. It works the same way, but viatical settlements typically produce higher offers and may qualify the seller for complete federal income tax exemption under Section 101(g) of the Internal Revenue Code. For cancer patients, this is usually the relevant category.
Is this legal?
It depends on the size of the policy, the type, the insurance carrier, and the medical situation of the insured. Healthy seniors often receive 8–15% of the face value. Cancer patients and others with serious illness often receive 30–60% or more. Viatical cases involving a terminal diagnosis can sometimes reach 50–80%. The only way to know your number is a formal evaluation — which costs nothing.
Who qualifies?
Most cancer patients with a life insurance policy can be evaluated. As a starting point, the policy should typically have a face amount of at least $100,000, be more than two years old, and be a transferable type (universal life, whole life, convertible term, or sometimes group life). The insured should have a medical situation that meaningfully affects life expectancy. None of these are absolute rules.
What about term life insurance — doesn't it have no value?
Not necessarily. If your term policy includes a conversion option that lets you convert to permanent coverage, the conversion right itself may make the policy sellable — sometimes years after issue, and even after a serious diagnosis. Don't assume a term policy is worthless without having it reviewed
What if my policy is through my employer?
Group life insurance can sometimes be settled, but usually only after it's been converted to an individual policy. Most group policies have a conversion window — often 30 days after coverage ends. If you're considering reducing hours, taking medical leave, or leaving work entirely, find out what your conversion rights are before the window closes.
How long does the process take?
Typically 60–120 days from first conversation to cash in hand. Viatical cases — where life expectancy is short — can sometimes be expedited to 30–60 days. The slowest part is usually gathering medical records from your treatment team.
Does it cost anything to find out?
No. A policy review is free, and there is no obligation to sell. If you decide the offer isn't right for you, the process simply ends.
Will I have to pay taxes on the proceeds?
For cancer patients who qualify under Section 101(g) — meaning a licensed physician certifies them as terminally or chronically ill — the entire proceeds may be excluded from federal income tax. Most states follow the federal treatment. Confirm your specific situation with a tax professional before signing.
Will a settlement affect my Medicaid, SSI, or other benefits?
It can. Means-tested benefits like Medicaid and SSI have strict asset limits, and a lump sum from a settlement can push you over those limits. Legal planning structures exist to preserve eligibility, but they generally need to be set up before the proceeds arrive. Consult an elder law attorney or certified Medicaid planner before moving forward.
Will my health insurance, Medicare, or Social Security be affected?
No. Health insurance, traditional Medicare, and Social Security retirement or disability benefits are not means-tested and are not affected by a life settlement.
Can I change my mind after agreeing to sell?
Most states give you a rescission window — typically 15–30 days after closing — during which you can return the proceeds and unwind the transaction. After that window closes, the sale is final.
Can my family be involved in the process?
Yes, and we encourage it. You can authorize a spouse, adult child, attorney, or anyone else to attend calls, review documents, and help you think through the decision.
Do I need a lawyer?
Not always, but it's rarely a mistake to have one. For larger policies, policies owned by trusts, or any situation involving Medicaid or other public benefits, an attorney is essentially required. A single consultation often costs less than people expect and can prevent costly mistakes.