Life Settlement FAQ – What if I Change My Mind?

By Randall Rothschild | Life Insurance

Apr 15
unsure - Life Insurance Settlement Information

What if I change my mind?

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 Settlement Frequently Asked Questions…


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