Life Settlements FAQ – What If I Die Shortly After Selling My Policy?

By Randall Rothschild | Life Insurance

Apr 15
What if - Life Insurance Settlement Information

What if I die shortly after selling my policy?

If you die at any time up to the 15th day after you receive the money from the provider, the settlement contract will automatically cancel (up to 30 days in some states) .

The provider will pay the owner of your policy or beneficiaries designated by the owner in the life settlement contract any proceeds it receives from your policy, minus any money it already paid for the purchase of your policy and any premiums it paid to the insurance company to keep your policy current. The insurance company or the provider should refund any unearned premiums paid.

 

Life Settlement Frequently Asked Questions…

 

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