What is a Life Settlement?
With a life settlement, you can sell your life insurance policy for an immediate cash payment. A life settlement can be a great option for someone who no longer needs life insurance coverage. On average, policyowners receive four to seven times more from a life settlement than what they would have received from surrendering it back to the insurance company.
Find Value in Your Life Insurance Policy
The amount you will receive for your life insurance policy will depend on your age, medical condition, the amount of coverage, and how much your annual premium payments are on the policy.
Here’s how a life settlement works
We are here to help you find out if you qualify for a life settlement.
You can call one of our specialists or complete the online form to see if you qualify.
Medical records and policy information will be obtained for underwriting.
If your policy qualifies, you will receive an offer to sell your policy from a licensed life settlement provider.
You receive payment for the sale of your policy.
About Life Settlements
Broker License and Experience
A prospective client needs to know the broker is licensed in the state in which they are doing business and in which the policyowner resides.
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Broker Reputation
A prospective client should gather enough information about the Life Settlement Broker to satisfy any concern about their reputation and experience.
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Institutional Funds
A prospective client needs to know the broker they deal with will allow only Institutional Funds or Entities to bid on and ultimately own their contract. Life Settlement Partners does not allow an individual investor to bid on or own your contract. Doing so protects the character of the sale for the client when the Institutional Funds (for example pension funds, banks and hedge funds) purchase life insurance policies as an investment.
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Preliminary Valuation
A prospective client should need to know that the broker will complete a preliminary valuation to give them an idea of what the policy might be worth prior to getting involved in a complete transaction.
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Compliance Report
A prospective client should know that the firm they deal with does a complete and thorough Compliance Report that covers each transaction step and all the due diligence that was completed in connection with the transaction.