An assignee is a person or entity who receives the benefits of the life insurance policy, typically through a transfer of ownership or rights from the policyholder (the assignor). The assignee may be a lender, a family member, a business partner, or any other person or entity who has a financial interest in the life insurance policy.

It's worth noting that an assignee may also be referred to as a beneficiary, depending on the specific terms of the policy. In some cases, the terms "assignee" and "beneficiary" may be used interchangeably, but in others, they may refer to different legal concepts. For example, a beneficiary may be named to receive the proceeds of a life insurance policy upon the death of the insured, whereas an assignee may be designated to receive payments or other benefits while the policy is still in force.

Overall, understanding the role of an assignee is an important part of managing a life insurance policy and ensuring that its benefits are distributed according to your wishes. If you have any questions or concerns about assigning a life insurance policy, it's always a good idea to consult with a financial advisor or insurance professional who can provide guidance and support.

How to Sell Your Life Insurance Policy!

How do you know if you will receive the best offer when you sell your life insurance policy? The only way to know for sure is to apply to every licensed buyer in your state, which could be 10-35 different companies. And those direct buyers do not have your best interest in mind, they represent their investors. At Welcome Funds, we've leveled the playing field for policy owners. We negotiate the best offer for you by conducting an auction with these buyers. When buyers complete, policy owners win! One application, multiple buyers, it's what we call...Life Settlements. Simplified.

Welcome Funds Represents You!

Founded in 2000, Welcome Funds is a nationally licensed life settlement broker that represents policy owners who want to sell their life insurance policy in the secondary market. Our institutional life insurance buyers compete in an auction bidding process to ensure that we secure the highest offer from the life settlement market. We've negotiated over 33,000 offers and provided more than $1 Billion in sales proceeds to our clients. Please review our website to learn more about how we can provide professional representation and expert advice on selling your life insurance policy.

  • It's Absolutely FREE to Find Out if You or Your Loved One Is Eligible to Sell A Life Insurance Policy
  • There's No Obligation at Any Time
  • Our Life Settlement Qualification Process is Completely Confidential
  • We Provide a FREE Personal Consultation & Appraisal

Complete our free Life Settlement Qualifier or call us toll-free at 877.227.4484 to speak with a Client Care Advocate.

Sell Your Life Insurance policy