The Life Settlement Process

LIFE SETTLEMENT PROCESS

To see if you qualify for a life settlement, you will need to complete an application and provide necessary documentation, including a medical form. The buyer of your life insurance policy collects the finished documents. The life settlement process is simple and all information is kept confidential. The life settlement process consists of the steps described below:

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Policy Holder Researches Options

After identifying an unneeded or unwanted life insurance policy, individuals search for solutions – this includes realizing their policy is a salable asset. In many cases, they will seek the council of his or her most trusted financial advisor. From there, a broker or attorney guides them through the process of selling their life insurance policy on the secondary market.

Life Settlement Provider Reviews Policy

This step involves a senior life settlement provider who analyzes the policy to ensure it meets the criteria for both return on investment and investor safety. Prior to moving forward in the life settlement process, the provider must verify the following elements:

  • The policy passed its two-year contestability period.
  • All beneficiaries on the policy have signed off.
  • Confirm that no liens or loans are tied to the policy which could affect a timely payout.

Life Settlement Provider Reviews Policy

This step involves a senior life settlement provider who analyzes the policy to ensure it meets the criteria for both return on investment and investor safety. Prior to moving forward in the life settlement process, the provider must verify the following elements:

  • Evaluate the policy to ensure it meets the requirements
  • Fill out any necessary applications
  • Estimate the life expectancy and medical condition of the policy owner
  • Present the findings to potential investors to get the highest value your policy

Policyholder Receives Life Settlement Funds

Upon the life insurance company sending a written confirmation to the life settlement provider in regards to the finalized changes, the policyowner will receive funds at completion of process.

” See if you qualify for a Life Settlement, call us today at 800-216-2513 or email david@trustlifesettlements.com “– Trust Life Settlements