What is a Life Settlement? 

Definition:  A life settlement is a financial transaction in which a life insurance policy owner possessing an unneeded or unwanted life insurance policy sells the policy to a third party for more than the cash surrender value offered by the life insurance company.

What is the Process?

Below are the steps in the process:

After making our first contact with you, we will work closely with you and your financial, legal, and insurance advisors to provide you with an clear and efficient policy transaction.

1. One of our professional Transaction Coordinators will be personally assigned to you. Your transaction coordinator's first duty will be to explain the process and answer any questions you may have. Then, your transaction coordinator will verify both your medical status and insurance coverage. During this process, you may be asked to provide additional information which is necessary to properly analyze your policy.

2. Next, we make an offer for your policy and we do everything we can to make our best offer to you. We want you to understand that there are no fees what so ever for presenting your policy to us and you will never be pressured to sell your policy. The offer we extend to you will be a percentage of the face value, and will always be significantly higher than the cash surrender value that the insurance company is willing to pay you. 

3. Once the paperwork in place, your transaction coordinator will transfer the policy and reassign the beneficiary. Once all of the required documentation is finalized, your cash amount will be disbursed to you or your designee with in a few business days.

Why Sell your Life Insurance Policy?

I. Maximize your asset.

Things change with time, including your financial plans and your insurance needs. Your life insurance policy has a limited use during your lifetime. Life Settlements Corp helps you convert your life insurance asset into a lump sum cash amount that is better suited for your present stage of life.

II. Life Insurance is an asset that is valuable only if it is used.

Life insurance is like all assets in that it is only useful if it is valuable to you. In life, our circumstances change and for some people, their policy is no longer useful. According to recent studies 80% of all life insurance polices lapse, and no one receives the benefit of monthly premiums. With our help you can extract the high cash value from your policy instead of letting it lapse.

III. Lose the expensive monthly premiums.

As you know your monthly insurance premiums can be expensive. A Senior Life Settlement offers you a way to eliminate those high monthly premiums and cash in on the policy.