Funding life settlement, that’s the goal. When you decide to settle a life insurance policy the goal is to walk away with more cash and/or benefits than you had by retaining ownership of the policy. We look to a variety of sources for funding life settlements. The companies and investors funding life settlements range from insurance companies to private investor groups to pension plans.
How long it takes before the funding life settlement event takes place, is a question I hear often from my clients. It will depend on several factors, your medical history and cooperation of you medical providers. Your prescription history and the ability to get up to date medical history is something you can help with by cooperating with your settlement broker. This information is reviewed by medical professionals and actuaries in order to make an offer. After the offer is made by the company funding life settlement begins.
To learn more about a life settlement, please check out the LIVEpdq.