Why It Works
From initial inquiry to cash in hand — our straightforward 5-step process makes selling your life insurance policy simple and transparent.
Free Policy Review
Submit your policy information through our secure form or by phone. Our licensed specialists will evaluate your policy at no charge and let you know if you qualify for a life settlement.
Application & Medical Records
If your policy qualifies, we'll assist you in completing a brief application and obtaining relevant medical records. This allows buyers to make an informed, competitive offer.
We Market to Multiple Buyers
Unlike direct buyers who make a single take-it-or-leave-it offer, we submit your policy to our network of licensed institutional buyers — creating competition that drives your offer up.
You Review & Accept the Best Offer
We present you with all offers received. There's no pressure. You decide whether to accept, decline, or counter. Our role is to advise — the decision is always yours.
Closing & Payment
Once you accept an offer, the buyer handles the closing process. Our flat fee is paid from the settlement proceeds at closing — never out of pocket. You receive your funds via wire transfer or check. Expedited transactions can be completed in less than 4 weeks, but some can take up to 60+ days.
Trust Life Settlements vs. Traditional Brokers vs. Buyers
See why clients choose Trust Life Settlements over the old way of doing life settlements.
| Factor | Buyer | Traditional Broker | Trust Life Settlements, LLC. |
|---|---|---|---|
| Fee Structure | A direct buyer represents its own purchasing interests rather than acting as the policyowner's broker | Percentage-based (varies by broker and transaction) | Predetermined capped fee — transparent, known upfront, paid from proceeds at closing |
| Transparency | No visibility into competitive market pricing — one buyer sets the price | Fee often unclear until closing | Fee stated upfront before you commit |
| Fiduciary Duty | Works in their own interest — not yours | May not owe a fiduciary duty depending on jurisdiction and transaction structure | Fiduciary responsibility to maximize your outcome |
| Buyer Network | Single buyer — a policyowner who approaches one buyer directly may receive that buyer's offer without competitive bidding | May limit to preferred partners | 20+ institutional buyers |
| Obligation | May present time-limited offers as standard practice | May require exclusivity agreements | No obligation in any phase |
| Policy Types | Tends to focus on policies that meet specific acquisition criteria | Often focuses on highest-value policies | All policy sizes welcome ($100K+) |
Common Questions About the Process
Answers to what most clients ask before getting started.
How long does the entire process take?
From initial inquiry to receiving your funds, the typical timeline is 2 to 3 months. The free policy review takes 24–48 hours. The remaining time is spent gathering medical records, marketing your policy to buyers, and completing the closing paperwork.
Do I have to pay anything upfront?
No. You never pay anything out of pocket. Our flat broker fee is transparent and known upfront, but it is only collected at closing — paid directly from the settlement proceeds after you've accepted an offer. If your policy doesn't sell, you owe us nothing.
Can I change my mind after starting the process?
Yes. You are under no obligation at any point. You can withdraw your policy from the market at any time before closing with no penalty and no fees owed.
Will selling my policy affect my other insurance or benefits?
A life settlement does not affect your health insurance, Medicare, or other life insurance policies. However, proceeds may impact Medicaid eligibility. We recommend consulting your financial advisor to understand how it applies to your specific situation.
What happens to my policy after I sell it?
The buyer becomes the new owner and beneficiary. They take over all future premium payments. You receive your lump-sum payment and have no further obligations related to that policy.
Ready to Get Started?
A free policy review takes less than 10 minutes and comes with no obligation.
Request My Free Review