This page gives you the answer up front, because you deserve it before you spend an afternoon on the phone: a Primerica term life policy is very unlikely to be sellable in the life settlement market. That is not a knock on Primerica or on the policy. It is a direct consequence of what the product is and how the company is built.
The rest of this page explains why, in enough detail that you can check the reasoning against your own contract, and then covers the things that genuinely are available to you. Some of those are worth doing. Pine Lake Life Solutions is an independent education resource. Pine Lake does not purchase policies, is not affiliated with or endorsed by Primerica, and gives no legal, tax or investment advice.
In This Article
Who Issues and Services a Primerica Policy
Primerica policies are issued by named legal entities, and knowing which one applies to you determines where your paperwork goes. According to Primerica’s own materials, life insurance is issued by Primerica Life Insurance Company, with executive offices in Duluth, Georgia, in all U.S. jurisdictions other than New York; by National Benefit Life Insurance Company, home office Long Island City, New York, in New York; and by Primerica Life Insurance Company of Canada, head office in Mississauga, Ontario, in Canada.
The parent, Primerica, Inc., trades on the New York Stock Exchange under the ticker PRI. On financial strength, Primerica’s own website states the company is rated A+ (Superior) by AM Best, affirmed for Primerica Life Insurance Company and affiliates as of February 26, 2026. Ratings are opinions as of a date and can change.
For policy service, Primerica publishes 1-800-257-4725 for general policy information and policy changes, and 1-888-893-9858 for life insurance claims. The mailing address for U.S. life insurance is Primerica Life Insurance Company, 1 Primerica Parkway, Duluth, GA 30099. Verify against the numbers printed on your own documents, which are always the most reliable source.
The Honest Answer: Term Alone Is Rarely Sellable
A life settlement is a transfer of policy ownership to a buyer who then pays the premiums and eventually receives the death benefit. For that transaction to make economic sense to a buyer, the coverage must be capable of remaining in force until the insured dies. Level term insurance is deliberately designed not to do that. It ends on a fixed date.
Consider a common case. A 20-year level term policy issued at 55 expires at 75. A buyer acquiring that policy at, say, the insured’s age 70 would have five years of premiums and then nothing, unless the insured died within those five years. No rational buyer prices that as a meaningful asset. Term policies also carry no cash value and no surrender value, so there is nothing to fall back on either.
The only structural exception is a conversion privilege that turns term into permanent coverage. That is where the analysis normally goes next, and it is also where Primerica’s business model creates a specific complication.
Primerica Is a Term-Only Company, and That Matters
Primerica has built its entire life insurance business around term. Its own site describes the philosophy plainly as “Buy Term and Invest the Difference,” and states that the company “only offered term life insurance because we believe, and many experts agree, that term offers the most income protection at an affordable price.” Primerica’s life insurance companies offer level premium term ranging from a 10-year policy up to a 35-year policy.
Primerica does not market permanent, cash-value life insurance to consumers the way carriers with whole life and universal life portfolios do. That has a direct consequence for conversion: a conversion privilege is only as useful as the permanent products it can convert into. If a carrier has no permanent product line, a conversion right may not exist, may be limited, or may point somewhere unexpected.
What this page will not do is tell you your specific contract has no conversion right, because contract language varies by product, issue year and state. What it will tell you is not to assume one exists. Read the provision. If you cannot find it, call 1-800-257-4725 and ask two direct questions: does this contract contain a conversion privilege, and if it does, what permanent product is it convertible into. Ask for the answer in writing.
| Factor | Typically settleable | Typical Primerica term policy |
|---|---|---|
| Policy type | Permanent (whole, universal, variable) | Level term |
| Cash value | Usually present | None |
| Coverage duration | To age 100 or later | Fixed end date, 10 to 35 years |
| Conversion right | Often available to a permanent product | Must be verified; company is term-only |
| Practical outcome | Worth evaluating | Usually not sellable |
How to Verify What Your Contract Actually Allows
Everything on this page is general. Your contract is specific. Here is how to close that gap in about a week.
Pull the policy and find the schedule page. It gives you the issue date, issue age, face amount, level premium period and the end date of coverage. Then look for a titled provision on conversion, usually called “Conversion Privilege” or “Right to Convert.” If the policy contains one, it will state an age limit and a duration limit, and whichever arrives first ends the right.
Next, look for rider pages. Accelerated death benefit riders for terminal illness are common on modern term policies and are frequently included at no additional premium. Many owners never learn they have one. Also check for a waiver of premium rider, which can matter if disability is part of your situation.
If you cannot find the policy, request a duplicate contract from the issuing company. This is a routine request and normally costs nothing. Do not act on a verbal summary from a phone representative about a deadline or a conversion right; ask for it in a letter or email.
What Is Genuinely Available Instead
If the answer on a sale is no, these are the moves that actually exist. Several of them are worth real money or real peace of mind.
- Confirm your exact expiry date. People routinely misremember whether they bought a 20-year or a 30-year policy. Knowing the real date lets you plan rather than react.
- Ask what happens after the level period. Some term policies renew annually at increasing premiums. A single expensive renewal year is sometimes worth buying if a near-term need exists.
- Use accelerated death benefit riders if you have a qualifying terminal or chronic condition. This is money available under the policy you already own.
- Shop your health honestly. If you are insurable, compare a new policy. Underwriting for several conditions has improved over the past two decades, and non-smoker rates at some ages are lower than they were.
- Look at every policy you own together. It is common for the real decision to sit with a universal life or whole life policy elsewhere in the household while attention is focused on the term policy.
- Do not lapse coverage you still need simply because it cannot be sold. Coverage in force protects the people it was bought for.
Why We Would Rather Tell You No
There is a version of this page that hedges, implies that every policy is worth exploring, and asks you to submit your information so someone can call you. That version generates more leads. It also wastes the time of people who are often making decisions under real financial pressure.
The straight version: small term policies with no remaining conversion privilege do not clear the thresholds that buyers in the secondary market work with. Buyers generally concentrate on individually owned permanent policies with meaningful face amounts where the insured’s age or health makes the economics work. A term policy that expires in a few years does not fit that description, and pretending otherwise helps no one.
If you still want a second set of eyes on the contract, Pine Lake offers a free, no-obligation policy review, and that is the only thing offered here. Pine Lake does not purchase policies, cannot guarantee eligibility or value for any policy, and is not affiliated with, endorsed by, or acting on behalf of Primerica. Nothing on this page is legal, tax or investment advice.
Frequently Asked Questions
Can I sell my Primerica term life policy?
Almost certainly not. Term insurance has no cash value and expires on a fixed date, so there is no lasting asset for a buyer to acquire. Primerica also builds its life business around term rather than permanent products, which limits the conversion path that occasionally makes a term policy relevant. Read your contract’s conversion provision to confirm your own situation.
Does Primerica offer permanent or cash value life insurance?
Primerica’s own materials describe a term-focused business built on a “Buy Term and Invest the Difference” philosophy, with level premium term ranging from 10-year to 35-year policies. It does not market permanent cash-value life insurance the way carriers with whole life and universal life portfolios do. Ask the company directly what, if anything, your contract converts into.
Who issues Primerica life insurance policies?
Primerica Life Insurance Company, executive offices in Duluth, Georgia, issues in all U.S. jurisdictions other than New York. National Benefit Life Insurance Company, home office Long Island City, New York, issues in New York. Primerica Life Insurance Company of Canada issues in Canada. Check the issuer named on your own policy.
Is Primerica financially strong?
Primerica’s own website states that Primerica Life Insurance Company and affiliates are rated A+ (Superior) by AM Best, affirmed as of February 26, 2026. The parent, Primerica, Inc., trades on the New York Stock Exchange as PRI. Ratings are opinions as of a specific date and can be revised, so confirm the current rating if it matters.
What can I do if my policy cannot be sold?
Confirm your exact expiry date, ask what the premium becomes after the level period, check your rider pages for accelerated death benefit provisions you may already have, and get a fresh quote if you are insurable. Review all the policies in your household together, since the meaningful decision often sits with a permanent policy rather than the term one.
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Related Reading
- Sell My Banner Life Term Policy
- Sell My Metlife Term Policy
- Sell My Transamerica Term Policy
- How Do Life Settlements Work
- Is A Life Settlement Right For You
- Do Seniors Need Life Insurance
- Life Insurance After 65
Pine Lake Life Solutions does not purchase life insurance policies and does not provide legal, tax, or investment advice. Information provided is for educational purposes only. Eligibility for any option, including life settlements, is not guaranteed and depends on individual circumstances, policy terms, underwriting, and market conditions. Consult independent legal, tax, or financial professionals before making decisions regarding a life insurance policy.