Viatical and Structured Settlements - Life Insurance Settlements

1. What types of policies can be purchased?

Universal Life, Whole Life, Variable Universal Life, Term, and Convertible Term policies from US-based carriers rated 'B+' or higher from S&P or 'B1' from Moody's. Second to die policies are eligible as well. All policies must be beyond the contestability stage.

2. How large does the policy need to be?

Generally $50,000 to No MAX.

3. Does the entire policy need to be sold?

Yes, But we can suppliement your Life Settlement with new Life Insurance to keep a portion of your death benefit.

4. Will premiums be due after the policy is sold?

No, once the policy is sold, the client will have no future premium obligations whatsoever.

5. Who should consider selling their insurance policies?

Life Settlements are suited for individuals age 65 or over who are evaluating health, financial and/or estate planning changes that have taken place in the latter years of their life. Typically, the client's situation has changed, so there is little need to keep the policy in force. A businesses can also benefit particularly when dealing with the nuances of a sale or company closure, or when dealing with key-man or corporate-owned policies. Please note that we will typically pay significantly more than the cash surrender or lapse value.