Frequently Asked Questions

A life settlement is the sale of an existing life insurance policy to a licensed third-party buyer for more than the policy's cash surrender value but less than its net death benefit. It provides policyholders with a lump-sum cash payment in exchange for transferring ownership of the policy.

Every policy is unique, so the payout depends heavily on your age, health status, policy type, and remaining premiums. As a general estimate, industry data from the Life Insurance Settlement Association (LISA, https://www.lisa.org) indicates payouts average around 20% of a policy's face value, with many settlements falling in the 10-25% range. Our team creates competitive bidding among multiple licensed institutional buyers with the goal of securing the strongest possible offer for your policy.

Yes. Florida regulates life and viatical settlements under Florida's Viatical Settlement Act (FL Statutes Chapter 626, Part X, §§626.991-626.99295). Providers that buy policies must be licensed by the Florida Office of Insurance Regulation (OIR), and brokers must be licensed by the Florida Department of Financial Services (DFS), helping ensure transparency, fair dealing, and consumer protection throughout the process.

We represent you, the policy owner. We are not paid by the buyers and do not work on their behalf. We work in your interest, creating competition among licensed buyers to drive the highest cash offer for your policy.

A life settlement is typically for seniors age 65 and older with life insurance policies they no longer need. A viatical settlement is designed for policyholders facing a serious, chronic, or terminal illness who need immediate cash relief to cover medical expenses or improve quality of life.

Most life settlement cases close within 30 to 60 days from the initial application to final payment. The timeline depends on factors including the complexity of your policy, medical underwriting, and buyer response times. We strive to make the process as efficient as possible.

There are no upfront costs for a life settlement evaluation. Our initial consultation and policy appraisal are free with no obligation. If you decide to proceed with selling your policy, the costs are typically covered by the buyer, not you.