Life Settlement Brokers offer valuable expertise, making them well-equipped to handle the complex process of life settlements. They determie eligibility andguide policyholders through each transaction stage with clarity and expertise, providing insights into market trends and potential offers to help make informed decisions.

With relationships with various life settlement providers, brokers access a broader pool of buyers, increasing the chances of competitive offers tailored to policyholder needs. They use negotiation skills to secure the best price, understanding the policy’s value to maximize offers.

Partnering with a life settlement broker saves policyholders time and money. Brokers handle all transaction aspects—from paperwork to negotiations—allowing policyholders to focus on other priorities. Brokers earn a commission from the final sale, meaning no upfront costs, reducing financial stress.

Life Settlement Qualifications - a Senior couple smiling while signing a contract. How life settlement brokers can help

With expertise and dedication to client satisfaction, life settlement brokers aim for the best outcomes for those selling life insurance policies. If considering this option, work with a reputable broker like Summit. Our team provides exceptional service and works to secure the highest offer for your policy while tailoring our approach to your needs.

Let Summit be your trusted partner in maximizing your policy’s potential, ensuring you navigate the process with confidence and ease. Whether you have questions or need guidance, we are here to support you every step of the way.

To gain a clearer understanding of the life settlement process, let’s examine the qualifications required for a life settlement.

LIFE SETTLEMENT BROKER PROCESS WITH SUMMIT LIFE SETTLEMENTS

Why Choose Summit Life Settlements to Represent Your Case?

A Life Settlement can be a smart financial option for those who no longer need or can afford their life insurance. This involves selling your policy to a third party for a cash payment, usually more than the policy’s cash surrender value but less than the death benefit. It’s important to work with a reputable life settlement broker to secure the best offer, as the process can be complex.

A skilled broker understands the market and has access to institutional buyers, ensuring competitive offers. They’ll guide you through the process, offering insights on market trends and legal considerations. Choose a broker who prioritizes your needs with transparency and professionalism to achieve a favorable outcome.

Summit Life Settlements offers a unique approach with our Marketplace platform, connecting policyholders with buyers to maximize policy value. Our system simplifies the process, including paperwork and negotiations.

We conduct a thorough evaluation of your policy, assessing its cash surrender and market value to help you make informed decisions. Our experienced team guides you through every step, offering personalized support and expert advice, including tax implications and financial impact.

We are committed to exceptional service, ensuring you feel informed throughout the transaction. Our clear communication and transparent processes guarantee you know what to expect, aligning results with your financial goals, whether funding retirement, covering medical expenses, or improving finances.

A life settlement could help achieve your objectives. Trust Summit Life Settlements for the expertise and support needed to maximize your policy’s value. Contact Us for a no-obligation consultation to transform your life insurance into a valuable asset. Don’t let your policy go to waste—unlock its full value today!

There are two factors that determine eligibility. They are the type of life insurance policy and the health of the insured.

Policies that qualify need to be permanent, transferable, have a minimum of $100,000 face value, and be active for at least two years, some states five years. If it’s a term plan, then it must be convertible to a permanent plan. If it is not, then one can still be eligible if one is suffering from terminal illness with less than two years of life expectancy.

Generally, the older and worse the health of the policyholder the more valuable the policy. If under the age of 65, one must have terminal illness to be eligible.

65 years old. One can still qualify for a viatical settlement if one’s suffering from terminal illness.