Life Settlements
A Valuable New Asset Class: Life Insurance Policies

For seniors, a life insurance policy can offer much more than just a death benefit, it can be a high-performing financial asset. A Life Settlement is the tool that can make this possible. Until the advent of Life Settlements, the owner of an unwanted or unneeded life insurance policy had but two options:

• Surrender the policy back to the issuer for its cash surrender value, which was usually a small percentage of the amount paid in over the years; or,
  Simply allow the policy to lapse, and receive nothing.
• A Life Settlement offer a third option: a lump sum settlement greatly in excess of the policy’s cash surrender value – sometimes fives times as much.

Why a Life Settlement?
Life Settlements are of great value when:

• A policy holders needs or circumstances have changed
• Estate or tax laws have changed or no longer apply
• A policy has become too expensive
• The insurance is no longer needed
• A business is sold or gone bankrupt, leaving expensive “key man” insurance.
• Cash is required to pay off debt, purchase a home, or take the trip of a lifetime

Who Is Eligible?
Typically, Life Settlements are most effective when the insured is at least 65 years of age, with a Universal, Whole Life or Convertible Term policy, in excess of $100,000 face value.

How the Process Works?
Our funding streamlines the Life Settlement process by handling virtually all of the paperwork and document collection.

• Complimentary Evaluation – In consultation with a financial professional (a financial planner, insurance agent, accountant, attorney, etc.), we will discuss how the Settlement process works and what the prospects are for a Settlement.
• Internal Policy Appraisal – Our in-house team of analysts will conduct a sophisticated appraisal of the policy, presenting a range of possible offers. While preparing the appraisal and only with the insured’s permission, the back-office will begin gathering the necessary documents and medical records.
• Settlement Negotiation -- Our Closing Department will be presenting the policy to as many as 50 institutional funders, including the largest financial firms in the world. Acting as a agent, representing the interests of the policy holder, we work to generate the highest possible offer from our funder network.
• Settlement Closing – If and when a policy owner chooses to accept the Settlement offer, we will coordinate the entire closing process. Funds are escrowed, and released within 24-72 hours of document execution. The funder is now responsible for premium payments, and is named the new beneficiary.

Complimentary Consultation
To learn how Life Settlements work, call for a personal consultation 610. 558.3337.

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