LIFE SETTLEMENT CALCULATOR

 

LIFE SETTLEMENTS FEATURED ON

Summit Life Settlements - Home,
Summit Life Settlements - Home,
Summit Life Settlements - Home,
Summit Life Settlements - Home,
Summit Life Settlements - Home,

Life and Viatical Settlement Services

A LICENSED LIFE SETTLEMENT BROKERAGE COMPANY

Summit Life Settlements is a licensed-based life settlement brokerage company that provides client-centric services. With years of dedicated expertise, we have evolved into a licensed brokerage that operates nationwide. Our unique approach involves leveraging technology to streamline the sale process. Through our cutting-edge Summit Life Settlement Marketplace, clients gain access to a network of top-rated buyers, facilitating a competitive auction-like environment.

About US

Our Advantage

The Summit Life Settlement Marketplace

Our Services

HOW CAN WE HELP?

We’re here to maximize your policy’s value, simplify the process, and ensure you secure the best deal with ease.

Life Settlement - Cheerful Senior Lady Using Digital Tablet At Home, Sitting On Couch In Cozy Living Room. LIFE SETTLEMENT JOURNEY

SARAH’S LIFE SETTLEMENT JOURNEY

Meet Sarah, a retiree weighed down by rising life insurance premiums. On the verge of letting her policy lapse, she discovered Summit Life Settlements. With a quick and easy online application, Sarah accessed our Summit Life Marketplace. Through a transparent, auction-style process, multiple competitive offers rolled in, ultimately securing her a settlement worth 10 times the cash surrender value. Fast, secure, and hassle-free, Summit’s technology-driven platform not only alleviated Sarah’s financial stress but transformed her life insurance policy into a valuable lifeline.

read more

What Is The Eligibility Criteria?

LIFE SETTLEMENT QUALIFICATIONS

Settlements Serviced

DIFFERENT TYPES OF LIFE SETTLEMENTS

Life Settlement - a senior couple smiling while posing to the camera. USE A VIATICAL SETTLEMENT BROKER

Life Settlements

Unlock the value of your life insurance policy through a life settlement – an innovative financial solution for those who no longer are in need of their life insurance policy. With life settlements, individuals aged 60 or older, and those with health impairments impacting life expectancy, can typically qualify to sell their policy to a third party for a one -time, lump sum cash transaction, receiving immediate payment in exchange for transferring ownership of their policy.

Read More
Life Settlements and Viatical Settlements - two women smiling while drinking coffee. Viatical Settlement

Viatical Settlements

Our firm extends its expertise to viatical settlements, a compassionate and strategic solution for individuals facing severe health challenges. With viatical settlement solutions, policyholders with terminal or chronic illness with a life expectancy of fewer than two years can access immediate funds by selling their life insurance policies to investors.The seller receives a lump sum payment that is generally higher than in a traditional life settlement, reflecting the reduced life expectancy.

Read more
Retained Death Benefit - Friendly relationship between smiling caregiver in uniform and happy elderly woman. LIFE SETTLEMENT ELIGIBILITY CRITERIA

Retained Death Benefit 

In a retained death benefit arrangement, the policyholder sells their policy while retaining a portion of their death benefit. This means they receive a lump sum payment for selling a portion of their policy while ensuring the remaining death benefit is paid to their beneficiaries upon their death. In this agreement, the buyer assumes full responsibility for all premium payments, relieving the seller of any further financial obligations, and receives the remaining death benefit upon the insurer’s passing.

Read more

What We Offer

WE LEAD YOU THROUGH THE PROCESS

Consultation

One on one with a Summit Policy Specialist who will assist you in reviewing your policy and exploring your available options

Custom Investment Package

After gathering all medical records and life insurance policy illustration, an independent life expectancy report will be procured to construct a tailor-made investment package used to generate bids will be presented in the secondary market.

Summit Marketplace

Utilizing our buyer network in our Summit Life Marketplace and leveraging the expertise of our industry leading policy specialist, your policy will undergo submission to numerous highly rated licensed buyers in an auction-like process, enhancing the potential value of your life settlement.

Closing Services

Summit Life Settlements offers comprehensive closing services aimed at facilitating the transactional process which includes contract review and assistance with contingency requirements for life and viatical settlement providers as well as the insurance providers and industry professionals all to ensure a seamless and expeditious transactional experience.

Life Settlement - Waist up portrait of outgoing adult man and woman enjoying date in town. They are embracing and laughing. Custom Investment Package

Testimonials

LIFE SETTLEMENT SUCCESS STORIES

Questions Usually Asked

FREQUENTLY ASKED QUESTIONS

Summit’s Life Marketplace connects policyholders to top-rated buyers, creating a competitive environment. This ensures the highest possible value for your life insurance policy.

Yes, Summit leverages advanced technology for secure online transactions. Our streamlined process expedites the sale, providing a swift and hassle-free experience.

Absolutely. Summit considers various policy types, including term life. Our goal is to optimize the value of your policy, regardless of its structure.

The timeline does vary due to factors out of our control such as the insurer’s response to requested documents, however our technology-driven approach allows us to cut the broker processing time ensuring the process is complete in weeks rather than months.

Summit prioritizes using a technology-driven approach to facilitate the life settlement process. Using our Summit Marketplace along with our expert guidance enables a transparent and streamlined experience ensuring our commitment to maximizing value for our customers.

Start the process by using our free calculator to see what your policy can be worth or creating an account to access our life settlement policy evaluator which displays the benefits of cashing out. Our team will guide you through the rest, ensuring a smooth and personalized experience tailored to your needs.