Life Settlement Consumer Tips

Life Settlements are growing rapidly, make sure you understand the process and follow some of the below tips. If you have any questions don't hesitate to call 1-888-973-8377 for a free life settlement consultation.

- Understand how the life settlement process works and when the different phases will happen.
- Decide whether to sell your policy directly to a life settlement provider or go through a life settlement broker who will do the comparison shopping for you.
# If you don’t use a life settlement broker, comparison shop on your own.
- You don’t have to accept any life settlement offer. There is not cost or obligation to receive a life settlement offer.
- Check all life settlement application forms for accuracy, especially information about your medical history.
- Make sure the life settlement provider agrees to put your settlement proceeds in escrow with an independent party or financial institution to make sure your funds are safe during the transfer.
- Find out if you have the right to change your mind about the life settlement offer after you get the proceeds. In many states, you have the right to change your mind for a certain period of time. If you have that right, you’ll have to return the money you were paid and premiums the buyer paid. Check the recession period in your state.
- Understand whether buyers may learn your identity when they buy your policy, and whether they will know certain medical and personal information about you, such as your address and life expectancy.

Life Settlements are a secure and safe transaction, however these tips should help educate you and add additional protection.