Do you need assistance with Life Settlement Contracts?

If you are considering selling your life insurance policy in the secondary market, it is essential to understand the significance of Life Settlement contracts. These contracts are legally binding agreements between the policy seller and the buyer, which outline the terms and conditions of the sale.

In the secondary market, life settlement providers must file all necessary forms with the Department of Insurance and get them approved before using them. Depending on the state, the contract’s specifics may vary from provider to provider. However, each regulated state has a set of mandatory disclosures and other critical items that must be included in the life settlement contract to comply with state law.

A life settlement contract typically includes information about the life insurance policy being sold, such as the policy number, face amount, and the insurance carrier’s name. The agreement also outlines the purchase price, specifically, the amount the buyer is willing to pay for the policy.

In addition to these details, the contract may include provisions related to the policy seller's obligations, such as maintaining the policy until the sale is finalized. Consequently, there may also be provisions regarding the buyer's responsibilities, such as paying all future premiums on the policy after the sale.

About Welcome Funds

Founded in 2000, Welcome Funds has helped thousands of Americans qualify for a life settlement on their life insurance benefits. We are licensed throughout the nation to offer the life settlement option to policyholders and have negotiated more than 33,000 life settlement offers on behalf of our clients.

  • It's fast, easy & FREE to determine eligibility
  • There is no obligation to accept an offer
  • Our consultation & qualification process is completely confidential

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

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