FedManagers-Benefits.org

A life settlement, also referred to as a viatical or senior settlement, is the sale of an existing life insurance policy to another party. Policies sought by buyers are typically limited to only those folks with a limited life expectancy. Such a sale presents a unique opportunity to extract the maximum value of an active life insurance policy and gives the owner of the policy (typically a senior citizen) a chance to repurpose the funds for whatever financial needs they may have. Until recently, the owner of an unneeded or unwanted policy had two options: 1) sell the policy back to the institution that issued it for its cash surrender value (if any), or 2) simply let the policy lapse. In recent years, a secondary market has emerged, which let's policyholders realize the full market value of their policies by selling them to a buyer in the secondary market. Consider that less than 15% of the all life insurance policies purchased by Americans ever results in a death claim.

InsureEasyLife's partner in the Life Settlement Division offers the most advanced and independent global auction platform available anywhere, facilitating all types of Life Settlement transactions. This fully automated platform has been designed to offer the highest degree of efficiency, transparency, disclosure and regulatory compliance, to satisfy a growing industry's ever increasing regulatory compliance standards. Not every senior should sell his or her life insurance policy. But every senior should evaluate Life Settlement as part of his or her wealth management strategy. For policy owners who no longer want to maintain coverage, or for whom premiums have become burdensome, Life Settlement may provide substantial financial benefits and rewards.

• Most advanced, independent, web-based Life Settlement Platform available
• Technology platform provides exclusive deal flow to major providers
• Worldwide access to major life settlement providers in the marketplace
• Accelerated policy valuation, underwriting & case processing
• In-house actuarial & life expectancy evaluations
• Concrete compliance practices ensuring more efficient, cost effective & transparent life settlement transactions
• Online Life Settlement Qualifier Form
• Reduction of broker fees & transaction costs

• Ages 70 or Older
• Minimum Policy Size = $500,000
• Maximum Policy Size = $10,000,000
• Policy Types: Universal Life, Whole Life, Convertible Term, Variable & Survivorship

Step 1: Policy owner/insured completes Life Settlement Qualifier Form
Step 2: Assuming policy qualifies for Life Settlement, Insured submits a state specific Life Settlement Application & HIPAA release form
Step 3: All medical records are ordered from Insured's attending physicians.
Step 4: Life Expectancy Reports are ordered on Insured.
Step 5: A formal policy valuation is conducted.
Step 6: Policy valuations, medical records & life expectancy reports are posted to the electronic platform for a 30 day buyer preview period.
Step 7: After 30 day preview period, buyers participate in a 5 day eBay type, transparent bidding process via live exchange.
Step 8: Policy owner accepts the best bid and closing documents are sent to owner/insured for execution.