The Process

Where do we begin?

  • Identify potential candidates for a Life Settlement using the parameters stated under Who Qualifies and a consultation with Settlement Benefits Association.
  • Complete the simple life insurance appraisal request form (available by contacting us) and submit with a copy of the policy, if available.

The appraisal process consists of:

  • Collecting policy and medical information: 3-4 weeks
  • Completing initial underwriting of case: 1-2 weeks
  • Sending complete case to funding organization: 1 day
  • Negotiating and obtaining offers or declinations: 2 weeks
  • Communicating appraisal value: 1 day

Completing the settlement process:

  • Contracts are normally delivered within 72 hours of acceptance
  • Review, sign and return settlement closing package: 1 week
  • Cleanup and review by compliance: 3 days
  • Record changes by insurance carrier: up to 2 weeks
  • Escrow organization releases cash settlement to the client: within 48 hours of documented ownership change
  • Client rescission period: depending upon state and provider, up to 4 weeks
  • Referral source is compensated post rescission period

*The time line above was taken from a summation of previous cases.  All estimated times are approximate and are subject to change without notice.

Proud Member of the National Ethics BureauCelebrating 5 Years of Life Settlement Service

Life Settlement licensing requirements vary by state. In some states, life agents and other financial professionals must be licensed to source policies or receive commissions. Settlement Benefits Association is not licensed in all states. Some or all of the proceeds of a Life Settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. This web site is not currently approved in the states of Oklahoma or Texas. This web site does not apply to variable life settlements. Receipt of proceeds may impact eligibility for government benefits and entitlements. Prior to sale, the insured should consider the continued need for coverage, impact to estate plans, availability of insurance, cost of comparable coverage or tax implications.