A life insurance settlement is the sale of a life insurance policy to a third party for an amount greater than the cash surrender value. Typically, the sale involves an insured age 65 or older with a policy that is no longer needed, wanted, or affordable to an investment company that provides the owner of the policy with a lump sum cash settlement.

This secondary market for life insurance contracts provides an alternative to accepting the issuing insurance company's surrender value for the policy.

• The Sale of a Business or Illiquid Asset

• Business Owner Retiring or Exiting the Business

• A Decline in Estate Value and/or Decrease in Estate Tax Liability

• Term Policies or Riders That Are About to Expire, Lose Their Conversion Privilege, or Come to the End of Their Current Premium Guarantee

• Retirement

• The Policy Is No Longer Affordable Due to Policy Performance

• Chronic Illness

• Universal Life

• Term

• Whole Life

• First-to-Die

• Second- to- Die

• Group, If Convertible

• Create Capital for Charitable Giving

• Supplement Income

• Fund Investments

• Provide for Educational Funds or Current Gifts

• Create Capital for Business Opportunities

• Pay for Medical Services

• Lower Debt

• Purchase Annuities

• Save for Long-Term Care

• ANYTHING - the Proceeds Are Unrestricted

Each client and situation are unique, as are each investor group's objectives. There are many factors used to determine the value of a policy, but the basics are:

• Age

• Health History

• Policy Face Value

• Type of Policy

• Premium

• Policy Loans

• And more...

The minimum face value can be as low as $100,000.

No, the entire policy does not have to be sold. Any portion of the face amount can be sold. Just let us know how much you want to sell.

Typically, the entire process from application to completion can take 2 - 4 months. It can take 2 - 3 months to receive offers from investors, and about 30 - 60 days to complete the paperwork, if an offer is accepted. But, every client is different and the process can be a little shorter or longer, depending upon the circumstances. If selling a term policy, we recommend starting at least 6 months prior to the end of the term to allow plenty of time for completion.

Please feel free to call or email us if you would like to discuss a potential life insurance settlement situation, have any questions or would like additional information. We are delighted to help! We also have a 20-page consumer brochure available which is published by the Life Insurance Settlements Association (LISA), as well as a brief informational flyer. To request a copy of the brochure or flyer, please contact us or fill out the form on our "contact us" page, and we will send it to you. Thank you for the opportunity to be of service!

We are passionate about taking care of clients, and believe we need to earn your business! There is no cost to apply and there is no obligation. If the client does not approve of the amount offered by an investor, that client can simply walk away. It can't hurt to try - It can only hurt not to!