# Citizens Life Group > Citizens Life Group is a licensed life settlement brokerage based in Orlando, Florida, led by licensed broker Jeff Hallman. We represent seniors 65 and older who want to sell a life insurance policy, shopping each qualifying policy competitively to institutional buyers to maximize the seller's payout. Citizens Life Group and its affiliated brokers (including Asset Life Settlements) are licensed in the states where they operate, so wherever you live a fiduciary represents you, the seller, never the buyer. We are not a life settlement provider and do not buy policies. The broker's commission is paid from the settlement proceeds at closing, with no upfront cost to the seller. Key facts (LISA 2025 Annual Market Data): the average life settlement paid sellers $212,066, nearly 9 times the $24,360 average cash surrender value, across 2,955 transactions totaling $626.6 million. About 30 companies in the United States hold a state license to buy a life insurance policy (European Life Settlement Association licence matrix, data as of August 1, 2026). A separate 2026 Citizens Life Group analysis estimates American seniors leave $20 billion in life insurance value on the table every year by lapsing or surrendering policies. Phone: (321) 270-0279. Hours: Monday to Friday 9am to 8pm, Saturday and Sunday 10am to 8pm ET. Last updated: August 29, 2026. ## Start Here - [What Is a Life Settlement?](https://www.citizenslifegroup.com/what-is-a-life-settlement/): A life settlement is the sale of a life insurance policy to an institutional buyer for more than its cash surrender value and less than its death benefit. How it works, regulation, and consumer protections. - [Life Settlement Calculator](https://www.citizenslifegroup.com/life-settlement-calculator/): Five quick inputs estimate whether a policy is likely to qualify and what range it could bring. - [Do I Qualify?](https://www.citizenslifegroup.com/do-i-qualify/): Typically age 65 or older with a policy of $100,000 or more in face value; younger sellers can qualify in some cases. Quick checklist. - [How Much Is My Policy Worth?](https://www.citizenslifegroup.com/how-much-is-my-policy-worth/): A policy has three values: death benefit, cash surrender value, and market value if sold. How buyers calculate offers, the eight valuation factors, and LISA 2025 averages: $212,066 average settlement vs $24,360 average surrender value. ## Choosing Who to Work With - [Life Settlement Broker vs. Provider](https://www.citizenslifegroup.com/life-settlement-broker-vs-provider/): A broker represents you and owes you a fiduciary duty, making buyers compete for your policy; a provider is the buyer. Why the distinction changes your payout, and when going direct is fine. - [Best Life Settlement Companies (2026)](https://www.citizenslifegroup.com/blog/best-life-settlement-companies/): Buyers, brokers, and lead generators compared with methodology and disclosures, including where Citizens Life Group fits and which company types suit which sellers. - [Companies That Buy Life Insurance Policies (2026)](https://www.citizenslifegroup.com/blog/companies-that-buy-life-insurance-policies/): Who the buyers are, by name: a sourced list of the licensed life settlement providers, the marketing brands that advertise on their behalf, and how to check a license in your state. - [Already Have a Life Settlement Offer? Get a Second Opinion](https://www.citizenslifegroup.com/life-settlement-second-opinion/): What one buyer's offer does and does not tell you, what you can still do before and after signing, and how a licensed broker compares an existing offer against competing bids. - [Life Settlement vs. Surrendering Your Policy](https://www.citizenslifegroup.com/blog/life-settlement-vs-surrendering-policy/): Selling usually pays far more than surrendering (LISA 2025: $212,066 vs $24,360 on average), plus the cases where surrender still makes sense. - [Life Settlement vs. Viatical Settlement](https://www.citizenslifegroup.com/blog/life-settlement-vs-viatical-settlement/): Viatical settlements are for terminal or chronic illness; life settlements serve seniors generally. Tax and regulatory differences explained. ## Selling Your Policy - [Sell My Life Insurance Policy](https://www.citizenslifegroup.com/sell-my-life-insurance-policy/): Selling a policy for cash with a licensed broker: who qualifies and at what age, how much policies pay, which policy types can be sold (universal life, whole life, convertible term), and what it costs the seller. - [Viatical Settlement Guide](https://www.citizenslifegroup.com/viatical-settlement/): A viatical settlement is the sale of a policy by someone terminally or chronically ill, typically paying 50 to 80% of face value and usually free of federal income tax under IRC 101(g). Who qualifies, the five-step process, taxes, and how it compares to a life settlement. - [Qualifying Health Conditions](https://www.citizenslifegroup.com/qualifying-health-conditions/): Which illnesses qualify a policy sale: late-stage cancers, ALS, advanced heart, lung, kidney, and liver disease, Alzheimer's and other dementias, and more, condition by condition, with what buyers' underwriters read in the records and how a documented life expectancy maps to viatical, impaired-health, and standard settlement lanes. - [How to Sell Your Life Insurance Policy](https://www.citizenslifegroup.com/how-to-sell-your-life-insurance-policy/): Step-by-step process guide: 7 steps, 60 to 90 days, required documents, costs, and what happens after the sale. - [Can You Cancel a Life Settlement After You Sign?](https://www.citizenslifegroup.com/blog/cancel-life-settlement-after-signing/): Yes, for a limited time. Every regulated state requires a rescission period, most often 15 days; how the clock starts in each kind of state, how to give notice, and what you must return. - [Sell a Term Life Insurance Policy](https://www.citizenslifegroup.com/sell-term-life-insurance-policy/): Term policies can often be sold if they are convertible. How convertible term settlements work. - [Cash Out a Life Insurance Policy](https://www.citizenslifegroup.com/cash-out-life-insurance-policy/): Surrender, policy loans, and life settlements compared side by side. ## Trust-Owned and Advanced Policies - [Selling a Trust-Owned Life Insurance Policy](https://www.citizenslifegroup.com/sell-trust-owned-life-insurance-policy/): Yes, a trustee can usually sell a trust-owned policy. How life settlements work for ILIT, survivorship, and trust-owned policies, including trustee fiduciary duties and the step-by-step process. - [Selling a Parent's Policy Under Power of Attorney](https://www.citizenslifegroup.com/power-of-attorney-sell-life-insurance-policy/): A financial power of attorney can often authorize a policy sale; a healthcare power of attorney cannot. What the document must say, the physician sound-mind statement many states require when the owner is the insured, carrier acceptance, Medicaid look-back, and what remains when there is no valid POA. ## Tools and Data - [Find a Lost Life Insurance Policy](https://www.citizenslifegroup.com/find-lost-life-insurance-policy/): Free step-by-step tool: the NAIC Policy Locator, unclaimed property searches for all 50 states, and insurer merger lookups. - [State-by-State Life Settlement Rules](https://www.citizenslifegroup.com/life-settlement-state-rules/): Regulation in all 50 states, DC, and Puerto Rico: statute citations, waiting periods, cooling-off rules. - [Life Insurance Lapse by State](https://www.citizenslifegroup.com/life-insurance-lapse-by-state/): Original 2026 analysis: American seniors leave an estimated $20 billion in life insurance value on the table every year by lapsing or surrendering policies. Per-state breakdown with methodology. - [Life Settlement Tax Treatment](https://www.citizenslifegroup.com/life-settlement-tax-treatment/): The three-tier federal framework, state differences, and Forms 1099-LS and 1099-SB. ## Guides and Articles - [Average Life Settlement Offer in 2026](https://www.citizenslifegroup.com/blog/average-life-settlement-offer/): In 2025 the average life settlement paid sellers $212,066, nearly nine times the $24,360 average cash surrender value (LISA 2025 Annual Market Data). Covers the five factors that move an offer, the 30 to 60 percent bid spread, payout scenarios, and how to tell if an offer is fair. Includes an explainer video. Reviewed by Jeff Hallman, FL Lic. 0266. - [Universal Life Premiums Going Up?](https://www.citizenslifegroup.com/blog/universal-life-premiums-going-up/): Why universal life costs rise with age and what policyholders can do about it. ## Team - [Jeff Hallman](https://www.citizenslifegroup.com/team/jeff-hallman/): Licensed life settlement broker (FL Lic. 0266) and Managing Director. In the secondary market since 1999 with more than $3 billion in closed transactions. - [Cole Hallman](https://www.citizenslifegroup.com/team/cole-hallman/): Managing Partner. Leads day-to-day operations and the client experience. ## Company - [About Citizens Life Group](https://www.citizenslifegroup.com/about/): A licensed life settlement brokerage in Orlando, FL that represents the seller as a fiduciary. - [FAQ](https://www.citizenslifegroup.com/faq/): Direct answers on payouts, taxes, timelines, and eligibility. - [Contact](https://www.citizenslifegroup.com/contact/): Free, no-obligation policy review. (321) 270-0279. ## Optional - [Life Settlements in Florida](https://www.citizenslifegroup.com/life-settlement-florida/): Selling a policy in Florida under FL Statute 626.9911. - [Life Settlements in California](https://www.citizenslifegroup.com/life-settlement-california/): California's seller protections under Ins. Code 10113.1 to 10113.2. - [Life Settlements in Texas](https://www.citizenslifegroup.com/life-settlement-texas/): Texas rules under Insurance Code Chapter 1111A. - [Life Settlements in New York](https://www.citizenslifegroup.com/life-settlement-new-york/): New York's seller protections under Insurance Law Article 78. - [Life Settlements in Pennsylvania](https://www.citizenslifegroup.com/life-settlement-pennsylvania/): Pennsylvania rules under Act 2009-62. - [Glossary](https://www.citizenslifegroup.com/glossary/): Plain-language definitions of life settlement terms. - [Blog](https://www.citizenslifegroup.com/blog/): All plain-language articles for seniors.