Life Settlement
Estimates
If you are:
- Age 65+
- Have an unneeded life policy with a death benefit of $250,000+
Please be ready to provide a few pieces of information:
- Date of birth
- Health status
- Name & address
- Sex
- Name of insurance company
- Amount of death benefit
We can provide an estimate of your settlement within three to five business days.
Valmark Securities supervises all life settlements like security transactions, and its registered representatives act as brokers on the transaction and may receive a fee from the purchaser. Once a policy is transferred, the policy owner has no control over subsequent transfers and may be required to disclose additional information later. If a continued need for coverage exists, the policy owner should consider the availability, adequacy, and cost of comparable coverage. A life settlement transaction may require an extended period to complete and result in higher costs and fees due to its complexity. Policy owners considering the need for cash should consider other less costly alternatives. A life settlement may affect the insured’s ability to obtain insurance in the future and the seller’s eligibility for certain public assistance programs. When an individual decides to sell their policy, they must provide complete access to their medical history and other personal information.