The Opportunity

Many individuals and businesses continue to pay costly premiums on life insurance policies that have outlived their usefulness and have hidden value in excess of their surrender values. Unfortunately, some of these same policy holders do not know where to go for help.

That’s precisely how you, as insurance agent, lawyer, accountant, financial planner, or investment advisor, can help. Professionals like you, working with Life Settlement Providers, LLC can enable clients to convert existing life insurance policies that are no longer needed into cash quickly and discreetly.

How significant is the opportunity?

Lawyers Weekly USA recently noted: “Selling a life insurance policy to a third party has become an important option in a wide range of estate planning, bankruptcy and divorce cases…” What’s more, according to one expert cited in a recent article in the Journal of Accountancy, “the potential secondary market for life insurance policies exceeds $18 billion annually.”

Settlement Process

Our team of professionals is committed to ensuring that your client receives a fair, ethical, timely, and confidential experience.

Completion of the following forms is all that’s required to start the transaction process:

Application
Disclosure Notice
Copy of Insurance Policy
Insurance and Medical Releases
Copy of Medical Records

It is also important to note that:

Payment to the policy holder is completed via bank check or wire, within three (3) business days after verification of the life insurance policy transfer.

Policyholders have a 15-day rescission period, during which they may rescind the sale for any reason by returning the entire purchase price plus any premiums paid to the purchaser within this period.

Qualifying a Client

To be considered for a Life Settlement Providers’ Settlement, the insured's life insurance policy must:

• Be past the contestability period
• Be currently in force
• Have a policy value from $1Million to $100 Million
• Be underwritten by an Insurance Company rated B+ or better by A.M. Best

Types of policies that are currently eligible are:

• Universal
• 2nd to Die
• 1st to Die
• Whole Life
• Term
• Variable Life

Our Best Offer the First Time

At Life Settlement Providers, LLC, we make our best offer the first time to ensure that the needs of the policy holder are met and a fair life settlement offer can be made.

The value of a life insurance policy is determined by considering the age and medical condition of the insured, the insured’s estimated mortality (life expectancy), type of insurance policy, the rating of the issuing insurance company, and the associated cost of premiums to keep the life insurance policy in force.

Let Life Settlement Providers assist you in determining the true value of a policy by providing the best settlement offer.

Submit a Policy

If you have a client who may benefit from a Life Settlement, please provide information by completing our application form, or contact us at:

Email: Information@LifeSP.com
Phone: 866-509-5534