Terms of Service

Updated January 1, 2024

By accessing www.summitlifesettlements.com, you agree to be bound by and acknowledge the following terms of service without limitation or qualification.

Please direct any questions about these terms of service and conditions or any other questions or problems with the website to info@slsettlements.com.

1. Introduction
Welcome to Summit Life Settlements, LLC. By accessing or using our services, including receiving SMS communications, you agree to comply with and be bound by these Terms and Conditions. If you do not agree with these terms, please do not engage with our services.

2. Consent for SMS Communication
By providing your consent to receive SMS communications, you acknowledge and agree to receive text messages from Summit Life Settlements, LLC at the phone number you provide. Information obtained as part of the SMS consent process will not be shared with third parties.

3. Types of SMS Communications

If you have consented to receive text messages, you may receive SMS communications related to the following:

  • Customers and Guests: Updates regarding your orders, deliveries, or other relevant information.
  • Job Applicants: Information about your application status, onboarding materials, or other employment-related updates.

4. Standard Messaging Disclosures

  • Message and data rates may apply. Standard messaging rates will be charged by your mobile service provider.
  • You can opt out of receiving SMS messages at any time by texting “STOP” to the number from which you received the message.
  • For assistance, text “HELP” or visit our Privacy Policy and Terms of Service.

5. Privacy

We respect your privacy and will only use the information you provide to communicate with you via SMS as outlined above. Your personal data will not be shared with third parties unless required by law or as necessary to deliver the requested service.

6. Modifications
We reserve the right to update or modify these Terms and Conditions at any time. Any changes will be posted on this page with an updated revision date. By continuing to engage with our services, you agree to be bound by any changes to these terms. 

7. Website Purpose and Service

The website for Summit Life Settlements LLC is for informational, educational, and illustrative purposes. The information gathered is used for life insurance policy evaluation and qualification purposes only. Summit Life Settlements LLC is licensed life settlement brokerage. Summit Life Settlements Inc will refer qualified policies to licensed providers. Any details stated in case examples listed on this website may be approximations. Such details may be presented by Summit Life Settlements LLC without independent verification.

8. Life Settlement and Viatical Calculator

The life settlement and viatical calculator on our website is a tool intended to assist Summit Life Settlements LLC in the evaluation and qualification of life insurance policies. It is not intended to represent a bid or an actual offer to purchase a life insurance policy. Use of the life settlement calculator tool does not guarantee that any life settlement provider will or will not offer to purchase a policy. By using the life settlement calculator tool, you authorize Summit Life Settlements LLC to contact you, including by telephone. You further authorize Summit Life Settlements LLC to provide any and all information given by you on this form, including your personal and/or health information, to Summit Life Settlements LLC partners and affiliates, as well as to non-affiliated life settlement providers, brokers and other contracted parties, for the purpose of evaluating and qualifying for a life settlement, life insurance policy or other financial product or service. For more information about how Summit Life Settlements LLC uses your personal and/or health information, please visit https://www.summitlifesettlements.com/privacy-policy.

9. Case Studies/ Examples

Life settlement factors and outcomes vary widely. The life settlement and viatical settlement examples displayed throughout the web site are approximations and do not guarantee similar results.

10. Telephone Communications and Contact Agreement

You acknowledge that telephone calls to or from Summit Life Settlements Inc or its affiliates may be monitored and recorded, and you agree to such monitoring and recording. You verify that any contact information provided to Summit Life Settlements LLC, including, but not limited to, your name, mailing address, email address, your residential telephone number, and/or your mobile telephone number, is true and accurate. You verify that you are the current subscriber or owner of any telephone number that you provide to us. Should any of your contact information change, including your telephone numbers, you agree to notify us before the change goes into effect via email at info@slsettlements.com.

You acknowledge that by voluntarily providing your telephone number(s) to Summit Life Settlements LLC, you expressly agree to receive prerecorded voice messages and/or autodialed calls or text messages You also agree that Summit Life Settlements LLC, may obtain, and you expressly agree to be contacted at, any email addresses, mailing addresses, or phone numbers provided by you directly at any time or obtained through other lawful means, such as caller ID capture. You agree to receive automated calls and text messages even if your policy does not qualify, except if you opt-out. Consent to receive automated marketing calls/texts is not a condition of qualifying your policy. Summit Life Settlements LLC may call or text you even if your telephone number is registered on any state or federal Do Not Call list. You may incur charges for these calls or text messages from your telephone carrier. Summit Life Settlements LLC, and its affiliates are not responsible for these charges.

11. Arbitration Agreement

READ THIS SECTION THOROUGHLY. IT PERTAINS TO YOUR LEGAL RIGHTS AND LIMITS CERTAIN RIGHTS INCLUDING, AND NOT LIMITED, TO THE RIGHT TO BRING ACTION IN COURT, TO SEEK TRIAL BY JURY, AND TO BRING CLASS ACTIONS.

Any claim, dispute, or controversy arising from or relating to your relationship with Summit Life Settlements LLC. or its affiliates, whether in contract, tort, pursuant to statute, regulation, ordinance, or in equity or otherwise, wherever and by whomever commenced (“Claim”), shall, upon delivery of a written notice demanding arbitration to the other party (including a written notice after the commencement of a lawsuit or a notice contained in court filings in any such lawsuit), be resolved by binding arbitration on an individual (not class) basis only. Such arbitration shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1et seq.(and not any state law concerning arbitration), these Terms, and the applicable rules of JAMS–excluding any rules pertaining to class arbitration, and subject to any modifications of those rules by this Arbitration Agreement–in effect at the time of the written notice demanding arbitration. In the event of a conflict between JAMS rules and this Arbitration Agreement, this Arbitration Agreement shall control. In the event of a conflict between this Arbitration Agreement and another potentially applicable contractual arbitration provision, this Arbitration Agreement shall control. The arbitrators shall not apply any arbitration provision other than this Arbitration Agreement in administering any arbitration concerning Claims falling within the scope of this Arbitration Agreement. The term “Claim”, as used in this Arbitration Agreement, is to be given the broadest possible meaning, and includes without limitation claims, disputes, or controversies arising from telephone, email, text or written communications from Summit Life Settlements LLC or its affiliates or qualifying your policy for possible purchase. Any dispute regarding arbitrability, including the permissibility of class arbitration, however, shall be resolved by a court of competent jurisdiction, and not in arbitration. For avoidance of doubt, all disputes regarding the availability of class wide or consolidated arbitration shall be resolved in court and not in arbitration, regardless of the posture under which such disputes arise.

You will not have the right to a jury in arbitration. Discovery and rights to appeal are generally more limited in arbitration than in lawsuits, as well as other rights available in court may not be available in arbitration.

The arbitration agreement is fully binding in the event of a class action or similar lawsuit or class arbitration is filed where you would be a class member or representative, or would act in a private attorney general capacity. You agree that there shall be no class or consolidated arbitration of any claim, and you waive any rights to arbitrate or litigate in a class action.

JAMS will be used for the purposes of administering an arbitration governed by this Arbitration Agreement. The website containing applicable rules for JAMS is www.jamsadr.com. The arbitration will be decided by one (1) arbitrator, who must be a lawyer with more than ten (10) years of experience or a retired judge.

Arbitrations seeking relief less than $100,000 in the aggregate will be held within the federal judicial district encompassing the city where you reside. Arbitrations seeking relief of $100,000 or more in the aggregate will be held in a city of our choosing.

Summit Life Settlements LLC will pay the first $2,500.00 in fees charged by the arbitration administrator for Claim(s) associated by you in the arbitration, after you have paid an amount equivalent to the fee, if any, had such Claim(s) been filed in state or federal court (whichever is less) in the judicial district in which you reside or are located. Thereafter, the parties to the arbitration shall share the arbitration fees equally, which amounts shall not be recoverable in the arbitration. Each party to the arbitration shall be responsible for its own attorney, expert, and other fees.

Consistent with the individual (not class) nature of the arbitration which this Arbitration Agreement provides, there shall be no discovery in such arbitration of the name or other identifying information of any insured or policy owner. Nor shall there be discovery in such arbitration of any trade secret, or any document or information pertaining to one or more transactions in which you were not directly involved. The arbitrator shall apply the Federal Rules of Civil Procedure and Federal Rules of Evidence, except that in the event of a conflict between any of those rules and this Arbitration Agreement, this Arbitration Agreement shall control.

If any portion of this Arbitration Agreement is deemed invalid or unenforceable, it shall not invalidate the other provisions of the Arbitration Agreement; provided, however, that if the prohibition on class-wide arbitration is deemed invalid or unenforceable, an issue that may be considered only in a putative class proceeding, then this entire Arbitration Agreement shall be null and void.

12. Representation and Warranty Disclaimer, Liability, Advice, and Other Matters

Summit Life Settlements LLC issues no representation or warranty about the suitability or completeness of the information contained on our web site and any corresponding conclusion or calculation derived thereof. All information, including the results of the Calculation tools, is provided “as is” and may contain technical inaccuracies and/or typographical errors. You assume full responsibility for any loss or damage, including without limitation special, indirect, or consequential, suffered as a result of reliance on any such information and Summit Life Settlements LLC is not liable for any action or inaction taken by you to determine your decisions. Summit Life Settlements LLC disclaims all warranties and conditions of any kind regarding such information, including all implied warranties and conditions of merchantability and fitness for a particular purpose. Nothing on this web site creates an express or implied contract. No case study, analysis, valuation, or recommendation related to any life insurance policy can replace the actual submission of such policy to the market. Summit Life Settlements LLC issues no representation or warranty as to whether a particular policy will generate any contingent settlement offers or ultimately be sold. In addition, Summit Life Settlements LLC does not purchase policies, is under no obligation to ultimately find a buyer of the policy owner’s policy and is not responsible for any breach committed by a buyer if one is identified. Furthermore, Summit Life Settlements LLC does not provide any advice regarding whether or not to proceed with the life or viatical settlement transaction – the policy owner shall reach his/its own decision and is free to accept or decline any contingent offer. Once the viatical or life settlement transaction is completed and the applicable rescission period has ended, the policy owner, insured and any beneficiaries previously designated by the policy owner have no right to the death benefit of the applicable life insurance policy or policies that have been sold, unless stated otherwise in the viatical or life settlement contract.

You agree to indemnify, defend and hold Summit Life Settlements LLC and its affiliates harmless from and against any and all claims, losses, liability, costs, and expenses, including reasonable attorneys’ fees, arising from your voluntary provision of a telephone number that is not your own, and/or from your violation of any federal, state, or local law, regulation, or ordinance; your misuse of the website; your violation of these Terms; and your violation of any law or the rights of any third party including, without limitation, any copyright, property or privacy right.

Summit Life Settlements LLC is not providing any financial, legal, tax, investment, securities or accounting advice whatsoever and such advice should be obtained from the appropriate parties to determine, in part, any impact to estate plans, tax returns, government benefits and entitlements, availability and cost of other or replacement insurance and whether selling the existing life insurance policy is more beneficial than other potentially available options.

The policy owner, and not Summit Life Settlements LLC, is fully responsible for the timely payment of any and all premiums due for the policy that is the subject of the viatical or life settlement transaction, on the applicable due dates, up until change of ownership of the policy occurs. The policy owner, not Welcome Funds Inc, assumes sole responsibility if the policy lapses for such lack of timely payment of any and all premiums.

Summit Life Settlements LLC is not a life expectancy provider or firm that produces life expectancy reports; does not determine life expectancies; is not a medical or mortality expert; does not provide mortality or medical reviews; does not evaluate the health of the insured; is not responsible for the conclusions of life expectancy providers and/or firms that produce life expectancy reports; and does not have the expertise to dispute the conclusions of life expectancy providers and/or firms that produce life expectancy reports. The insured may live longer or shorter than any life expectancy projection or estimate.

13. Available Content/Documents

There is no permission to use or reproduce the designs of this web site. This site is protected by copyright, trade dress, trademarks, unfair competition, and other las and may not be copied in whole or part. All content including logos, icons, trade names, are property of Summit Life Settlements LLC. Rights to use any trademarks displayed on this site, or any of its content is strictly prohibited. You may not use, distribute, modify and reuse, repost, or use the content of this website for public or commercial purposes, including the text, images, logos, audio, and video without Summit Life Settlements LLC prior written permission. Any unauthorized use of images may violate trademark laws, copyright laws, privacy and publicity laws, as well as communications regulations and statutes.

14. Copyright Notice

Copyright @2024. Summit Life Settlements LLC. All rights reserved.

15. Trademarks

The names of companies and their related products and services stated on this web site  may be trademarked by their respective owners.

16. Rights Reserved

Any rights not expressly granted herein are reserved by Summit Life Settlements LLC. Additionally, Summit Life Settlements LLC reserves the right to change the terms at any time and from time to time by revising these terms. You are responsible for regularly reviewing the terms of service. If any portion of the terms is found unenforceable, the remaining contract will remain in force.