Learn about the life settlement process and how easy it is to convert your life insurance policy to immediate cash.
The life settlement process starts with our initial free consultation and ends with payment to you. There are no credit checks or medical exams required. Your eligibility is determined solely on whether your medical profile and policy qualify. A life settlement can typically be completed within 4-6 weeks of completing our underwriting process.
Find out how easy it is to convert your life insurance policy to cash.
After you request your instant estimate, we will determine whether you and your policy qualify. We will talk about your options, explain the process and answer any questions you may have. We will also discuss your financial goals and provide you with a preliminary valuation. After speaking with you, we will send you a short questionnaire by email, fax or mail. There will never be any up-front fees or medical exams required during the life settlement process.
After you have returned our client questionnaire, we will obtain the necessary records from your medical providers and your life insurance company. After reviewing the records, we will complete our underwriting phase and start the competitive bidding process with our network of licensed life settlement providers. We will negotiate the highest offer for you and communicate with you frequently to keep you updated throughout the life settlement process.
As soon as bidding is completed, we will report all offers to you and help you decide which one works best for you. If you decide to move forward, we will help you review and complete the necessary documents to finalize the life settlement transaction. Once completed, the funds will be wired directly to your bank account by the escrow agent. And once everything is done, you can start enjoying the funds right away – with no further life insurance premiums to pay.
Read common questions and answers about the life settlement process.
Are there any up-front fees or obligation to sell my policy?
There are no application fees or up-front costs. If at any point you aren’t satisfied with the offers we present, you are free to walk away at no obligation or cost to you. If you accept an offer, our fee will be paid directly by the purchaser.
Is a health exam or credit check required?
No. Unlike when you purchased your life insurance coverage, a health exam isn’t required for you to qualify for a life settlement. Medical underwriting decisions are based on an independent review of the medical records we will obtain from your health care providers. Also, there are no credit checks for a life settlement.
Will I have to pay any premiums after my policy is sold?
No. Once the policy is sold, you will have no future premium obligations whatsoever.
How long will it take to get the funds from my policy?
Depending on your state’s laws, funds are typically released from escrow within 72 hours of the buyer’s receipt of confirmation of change of ownership and beneficiary rights from the insurance company.
Who is going to buy my policy?
Life insurance policies are purchased by licensed life settlement provider companies who are interested in buying a variety of assets to balance their overall investment portfolios. Most provider companies work exclusively with large institutional investors such as banks and pension funds..
Will my privacy be protected?
How am I protected financially?
There are no out of pocket costs when you work with us and you have no obligation to sell your policy or to accept any offer.
Am I allowed to change my mind?
In most states you have 15 days (in some states up to 30 days) after the receipt of the life settlement proceeds to change your mind.
Visit our Frequently Asked Questions page for a comprehensive list of questions and answers about life settlements. Or, feel free to contact us anytime for a free policy review and to learn more about the life settlement process.