What Is A Life Settlement?

A Life Settlement is a financial transaction that allows qualified life insurance policy owners to receive a cash advance on their coverage by selling it to a state-licensed financial institution known as a life settlement provider. Similar to selling a home or car, this transaction transfers all rights, title, and beneficial interest in the life insurance policy to the buyer, who assumes responsibility for future premium payments.

The price paid for the life insurance policy represents the net present value, calculated by discounting it from the face amount and considering factors like future premiums, the insured's health prognosis, and other risk factors. These financial institutions act as life settlement buyers in a regulated secondary market that developed due to the limited options available to consumers when life insurance coverage is no longer needed or affordable.

Life Settlements give policy owners a better choice when previously the only available options were to lapse, cancel, or surrender their life insurance policy back to the life insurance carrier for a minimal cash value. Now, just like most other personal assets, life insurance policies can be sold for a fair market value.

Why Choose Life Settlements?

Life Settlements provide a regulated secondary market for individuals when their life insurance coverage is no longer needed or affordable. Instead of lapsing, canceling, or surrendering a life insurance policy for minimal cash value, know your options to sell it for a fair market value. This gives policy owners a better choice, just like with other personal assets.

How Does a Life Settlement Work?

A life settlement option allows policy owners to use the proceeds from selling their life insurance policy to cover medical bills, living expenses, or any other financial needs they have.

To determine if you or your loved one qualifies for a viatical or life settlement, please complete our quick and confidential Life Settlement Qualifier;. There is no obligation at any time, and our process is confidential.

Explore Life Settlements with Welcome Funds

We understand that life circumstances change, and what once was a valuable asset may no longer serve your financial needs. That's where we come in.

Welcome Funds is a trusted life settlement broker that understands how life circumstances change and what once was a valuable asset may no longer serve your financial needs.

Maximize the potential of your life insurance policy with Welcome Funds, a trusted life settlement broker. Our experienced life settlement team with a proven track record, specializes in navigating the complex life settlement market. We utilize our innovative auction-based platform to secure the best life settlement offers for our clients. When buyers compete, policy owners WIN!

Find out if you qualify for a life settlement by completing our free Life Settlement Qualifier; today. Our process is confidential, and there is no obligation on your part. Don't let your life insurance policy go to waste—contact Welcome Funds and take back the financial freedom you deserve.

Sell Your Life Insurance policy