What is a Life Settlement?
A life settlement is the sale of a life insurance policy to an institutional investor for a cash payment that is greater than the policy’s cash surrender value.
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Who is eligible for a Life Settlement?
Life Settlement viability is determined on a case-by-case basis but the general purchasing parameters are:
• The insured is 65 or older.
• The policy’s death benefit is $50,000 or more.
• The policy has been in force for at least 2 years.

Is it legal to sell my Life Insurance policy?
Absolutely! In 1911 The United States Supreme Court ruled that your Life Insurance Policy is your personal property granting the right to transfer ownership to others.

Will I have to pay any fees?
No. We offer you a free appraisal and there are no processing fees or hidden costs.

What type of policies can be sold as a Life Settlement?
Mostly any type of individual life insurance including:

• Term (convertible)
• Whole Life
• Universal Life
• Variable Life
• Survivorship
• Adjustable
• Joint First-to-Die
• And Others ….

Policies can be owned or owned by trusts, foundations, non-profit organizations or businesses.

How much can I expect to receive?
An offer for a policy is affected by a number of factors such as your life expectancy, future premiums due on the policy, whether or not there is a loan on the policy, and the market conditions for your policy. We always try to make the most competitive offer possible. Life Solutions of America will shop your policy to multiple leading investment companies to try to get you the highest settlement possible.

Am I responsible for my premiums after I sell my policy?
No, the entity who buys the rights to your policy is now the new owner of the policy and responsible for the payment of the premiums.

What factors are likely to make a policy settlement larger (higher offer)?

• The insures has a life expectancy of 15 years of less
• The face amount is high ($100,000 or more)
• The cash value is less than 30% of the face amount
• There are no substantial loans on the policy
• The policy is beyond the contestability period.

How long does the process take?
The entire process usually takes between 3 and 6 weeks, depending on the amount of cooperation from your health care providers and your life insurance company.