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Selling your life insurance policy is an important financial decision, and it is essential to find a company that can provide you with efficient and professional service and still maintain a sincere, compassionate concern for you. At Reliable Life Settlements, we deliver that level of service and compassion.
As a candidate for a Reliable Life Settlement, you will need to take the following steps:
STEP 1 You will need to complete a life settlement application and authorization for medical record release. Once medical records are received, the file will be sent out to all funding companies for processing and evaluation. (see forms) Click Here
STEP 2 A life expectancy report is then ordered.
STEP 3 Funding companies will submit bids for your policy.
STEP 4 All bids will be communicated to you for complete review of all your options.
STEP 5 Once all bids are received and you accept the highest offer, closing documents will be prepared.
STEP 6 After the executed closing documents are returned. Reliable Life Settlements, will send change of ownership and beneficiary forms to the Life Insurance company for processing.
STEP 7 Upon confirmation of the change forms having been processed, funds are released to you by the settlement provider.
Benefits for the Policy Holder:
. Relief from the burden of making future premium payments
. Additional funds are available to supplement your other income needs
. Receive a considerable amount above the surrender cash value of the policy
. Fund new, more cost-effective life insurance like a survivorship policy
. Provide cash gifts to family members
. Funds to use for your comfort, to take a long-needed vacation, or for medical treatment.
. Provide funds for charitable giving or to establish a charitable remainder trust
. Removing a policy from an estate due to a reduction in size or projected tax liability
. Greater financial benefits vs. surrendering the policy
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