Life Settlement FAQ – How do life settlements work?

By Randall Rothschild | Life Insurance

Apr 15
Life Insurance Benefit Check

How exactly do life settlements work?

Most providers, provider representatives, or brokers will ask you to complete an application (including medical release forms) so that they can gather information from your life insurance company and your doctors.

All information gathered must be kept confidential and cannot be given to anyone without your written approval. If you qualify, the provider will make you an offer for your policy. The amount offered for your policy will be based on facts such as:

  1. How long you are expected to live
  2. The amount you pay for premiums
  3. The rating of your insurance company
  4. Your policy’s provisions (e.g., a waiver of premium).

If you accept the offer, you will be asked to sign a life settlement contract.


Life Settlement Frequently Asked Questions…


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