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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
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