The lump sum payment from the sale of a policy is typically 2 to 5 times the surrender value.
Life Settlements : Selling a Policy
WHAT IS MEANT BY
SELLING MY POLICY
IN THE SECONDARY MARKET?
A life insurance policy is an asset. Like other assets, such as real estate, stocks and bonds, a life insurance policy can be sold.
All rights and obligations of the policy are transferred to a third party in exchange for a lump sum buy-out equal to a percentage of the policy´s face value.
Upon death, the face value will be paid to the new owner.
Selling a Policy 
