Choosing the Right Life Settlement Broker

When considering to sell your life insurance policy, it is very important to work with a life settlement broker that you can trust. There are certain things to look out for when deciding between life settlement companies and which option is the best for you.

Your life insurance policy is one of the most valuable assets that you have, yet it is often overlooked and undervalued. In many cases, seniors realize these policies are no longer needed and simply choose to let them lapse. While this may seem like a simple or convenient option, it is actually a serious mistake.

You could be leaving hundreds of thousands of dollars on the table.

Letting an insurance policy lapse permits the insurance company to make a tidy profit, while they watch you walk away from your valuable personal asset. Instead of forfeiting that value, a life settlement can help you tap into the cash value of your policy. However, navigating the process alone can be tough. That’s why it is extremely helpful to have a professional on your side, ensuring you walk away with the most money possible for your policy.

Finding a trusted life settlement broker should be your absolute priority before embarking on the life settlement process.

Let’s go ahead and cover the basics of what you need to know when hiring a life settlement broker. Here are a few fundamental questions we can answer to get you started.

  • What is a life settlement broker?
  • How can a life settlement broker benefit you?
  • How do you determine who has your best interests in mind?

What Is a Life Settlement Broker?

A life settlement broker is a fully trained, licensed, experienced professional who works with those selling life insurance policies (you) to connect them with buyers for the policy (providers). A life insurance settlement broker should be licensed under the laws in your state, and should provide E&O coverage for you. They should also provide you with full transparency throughout the entire process until completion.

Broker vs. Provider

How does a life settlement broker differ from a provider (buyer)? A life settlement broker acts as a bridge, connecting you with a number of buyers.

They help to ensure the following:

  • All buyers are licensed and legal
  • All buyers are reasonable, honest,  and fair.
  • The full potential of the sale in order to secure the absolute best outcome.
  • You receive the most competitive quotes when selling life insurance
  • The sale closes quickly and efficiently

Finding the Right Life Settlement Broker For You

As you can see from the information above, it’s crucial that you find the right broker, one that you can trust completely with your financial future.

First, make sure the life settlement broker adheres to state and federal laws and regulations regarding selling life insurance.

Second, consider their dedication to following HIPAA laws in terms of protecting your health data and other personally identifiable information (PII).

Third, require the broker offers full documentation to provide transparency, as well as their connections within the life settlement marketplace.

Why Life-Settlement.com?

At Life-Settlement.com, we have one priority – ensuring that you receive the most cash possible when selling your life insurance policy. We abide by all state and federal laws, regulations and guidelines when it comes to your life insurance settlement. Integrity is extremely important to us and we have only your best interests in mind so that you can have the best retirement possible.

Our team of experienced brokers work solely for you. We are not tied to any providers. In addition, we are only paid if you are – there are no hidden fees or charges tacked onto the process.

Are you ready to tap into the immediate cash value of your life insurance policy and improve the quality of your life? We invite you to contact us today.