If you change your mind about selling your policy, you can cancel the life settlement contract at any time up to the 15th day after you receive the money from the provider (up to 30 days in some states) .
If you change your mind, remember to arrange with the provider to have the insurance company transfer the ownership of the policy back to you. The guidelines for the rescission period will be explained in detail in the Life Settlement Purchase & Sale Agreement, which can vary on a state by state basis.
Life Settlements FAQ – What If I Die Shortly After Selling My Policy?
Life Settlement FAQ – When Will I Get My Money And From Whom? And What Happens After?
Life Settlement FAQ – Is My Information Private & Confidential?
Life Settlement FAQ – Broker or Provider Representative?
Life Settlement FAQ – Do I have to sell all of my policy?
Life Settlement FAQ – How do life settlements work?