What is the Life Settlement Program?

The Life Settlement Program can help you maximize the value of an important asset that you may no longer need and provide you with considerable funds for your immediate use.

Who is eligible to participate?

• Any individual age 65 or older.
• Any life insurance policy with a face value of $250,000 or more.
• Almost all types of life insurance qualifies, including term, whole life, universal life and many others.

How much money can I expect to receive for my life insurance policy?
You will receive immediate cash funds determined by:

• Estimated life expectancy and medical condition.
• The amount and type of life insurance coverage.
• Amount of the premiums necessary to keep the policy in force.
• Cash value build up in the policy.
• Credit and solvency ratings of the insurance company.
• Prevailing interest rates.
• Loans, if any, taken against the policy.

Why would an individual, company or charity consider selling a life insurance policy?
Many reasons.
Some of the most common are listed below:

• The insured has outlived their family or beneficiaries.
• Premium payments are no longer affordable, or the policy owner is simply not interested in paying premiums to keep the policy in force.
• The estate size has been decreased or tax policy has changed, reducing the insurance required to pay projected estate taxes.
• A policy is owned by a corporation on an executive who is no longer with the corporation.
• Insurance was acquired to fund a buy-sell agreement and the company/partnership has been sold or dissolved.
• A policy is owned by a charity or foundation that could use the funds now.
• Business bankruptcy.

How would I use the proceeds from this sale?
Any way you like. Many people choose to use these funds for:

• Purchase of additional securities, mutual funds, annuities as long-term investments, or other life insurance policies.
• Long-term care or other asset protection tools.
• Fund a charitable gift, charitable lead trust, charitable remainder trust or gift annuity.
• Gift taxes.
• Buy back stock from a business partner.
• Funds may be used for any purpose.

Who pays the future insurance premiums?

You will never have to pay another life insurance premium. Once you have sold your policy and received your funds, you will no longer be responsible for premium payments.

What are the tax implications of selling my life insurance policy?

Typically, any amount paid for a policy in excess of the cash surrender value is treated as a capital gain. The cash surrender value in excess of the basis in the policy is treated as ordinary income. As with this or any other major financial decision, we strongly recommend that sellers of policies seek the advice of a financial consultant or tax advisor.

What is involved in the process?

It is very easy. Simply fill out the application provided for you. We’ll review the insurance policy and the medical records provided by the insured’s doctor. If your application qualifies, an offer will be prepared for you. No additional medical examinations for the insured are required. The process is very, very simple.

Who is Settlements For Life LLC?

Settlements For Life LLC (“SFL”) is comprised of a group of professionals experienced in the life settlement and life insurance businesses, and in various financial areas. Settlements For Life LLC will make every effort to maximize the dollars paid to the policy owner in the acquisition transaction.

Where can I get more information?

Our representatives are well qualified to provide you with all the information you desire and answer all your questions. Your financial advisor may also be familiar with our program and can guide you through this easy, simple process.