I am personally licensed as a Life Insurance Settlement Specialist, domiciled in New Mexico and licensed in other states nationwide. When I decided I wanted to do this several years ago, I affiliated myself with a well-established Life Insurance Settlement brokerage firm that had a successful track record of Life Insurance Settlements since the early 1990’s.
Basically, what I do is educate seniors about this incredible financial option that most seniors are unaware they have. I simply explain the easy process to them and to discover the true market value of their insurance policy. The next step is to start the simple application process which is done over the phone and by email. As a senior myself, I know firsthand that seniors are highly skeptical of anything financial. I assure them there’s absolutely no risk to them to accept or reject an offer and with no out-of-pocket costs to them whatsoever.
The only qualification for them is they must be 65 years or older and own a life insurance policy with a face amount no less than $100,000. The process, from application to settlement on average, can take anywhere from 6 - 8 weeks. Moreover, we represent one of the largest pools of Life Insurance policy buyers in the country, and the application is sent to the entire network. Many times, more than one offer is made for the policy. This gives the policy seller the option of choosing the highest offer available in the marketplace.