Life & Viatical Settlements
Unlock the hidden value of your life insurance policy.
The Fiduciary Firm helps you explore whether a life settlement fits into your overall protection and financial picture. Discover how policyholders can evaluate their coverage and access liquidity options.
What is a Life Settlement?
A life settlement involves selling your life insurance policy to a licensed life settlement provider for a one-time, lump-sum payment that is typically higher than the cash surrender value offered by your insurance company. This payment may be subject to taxes, so it is important to consult a tax professional. Once completed, the buyer takes on the responsibility of paying the premiums.
Life settlements are generally available to individuals aged 65 and older who have a life insurance policy with a death benefit of $100,000 or more. Whether your policy is term, whole, or universal life, you may be eligible for a life settlement.
Understanding Policy Settlement Value
The potential value of a life insurance policy depends on factors such as age, health status, total death benefit, and premium structures. We help you look at the full picture so you can determine if exploring a settlement makes sense for your needs.
Facilitating Competitive Market Options.
The Fiduciary Firm acts as a licensed viatical settlement broker, representing you—the policyowner—in negotiations with licensed viatical settlement providers. We do not purchase policies directly.
We advocate exclusively on your behalf to help guide you through every stage of the transaction. We handle the administrative details and communication so you can evaluate offers with clarity.
How our process works
Policy review
We start by thoroughly reviewing your policy to assess its potential market value. This includes evaluating the type of life insurance you have, the size of the death benefit, and the policy’s terms. We will also look at your current health status, as this can significantly influence the offers you’ll receive.
Strategic Market Placement
Once we have a clear understanding of your policy’s value, we’ll strategically place your policy in front of multiple licensed providers within our network. This competitive approach increases the likelihood of receiving multiple offers, which provides you with more options and negotiating power.
Maximize offer negotiation
We don’t just settle for the first offer; our team works tirelessly to negotiate a highly competitive offer on your behalf. Our years of experience in the life settlement industry and our in-depth knowledge of the market allow us to secure favorable outcomes for our clients.
Assistance with papework
Navigating the paperwork and legal aspects of a life settlement can be overwhelming. We handle all the documentation for you, working to keep the transaction clear and compliant, and ensuring that you understand every aspect of the agreement before you sign.
Benefits of Life Settlements
Unlock cash
Life settlements can provide you with a lump sum that can be used to meet immediate cash needs, whether that’s paying for healthcare expenses, supplementing retirement, or covering other unexpected costs.
No more premiums
Once you sell your policy, you are no longer responsible for paying the premiums, which can be a significant cost burden.
Flexible use of funds
There are no restrictions on how you can use the funds from the life settlement. You can use it to cover healthcare, pay off debt, save it, or spend it as you wish.
Potential Tax Impacts
The proceeds from a life settlement may be subject to tax, depending on your policy’s cost basis and your individual circumstances. The proceeds from a life settlement may be subject to income or capital gains taxes. We encourage you to work directly with your tax advisor or CPA to evaluate the specific tax consequences of a sale before proceeding.
Is a Life Settlement right for you?
A life settlement may be a practical option for those who no longer need or can afford their life insurance policy, or for those who are looking to access a lump sum of cash.
If you’re aged 65 or older, have a life insurance policy with a death benefit of $100,000 or more, and want to explore your options, The Fiduciary Firm can help you evaluate whether a life settlement is right for you.
Important Life Settlement Disclosure: The Fiduciary Firm is a licensed insurance agency and viatical settlement broker that assists policyowners in evaluating their coverage options and connecting with licensed life settlement providers. Life settlement transactions may have tax implications, affect eligibility for public assistance programs, or be subject to creditor claims. Alternatives to life settlements—such as policy loans, surrenders, or accelerated death benefits—should be carefully evaluated with your financial, legal, or tax advisors prior to entering into any transaction.
How much could you get for your Life Policy?
Use our free calculator and get a rough estimate of how much you could get for your life policy
Unlock your life policy potential
If you’re considering a life settlement, reach out to The Fiduciary Firm today for a no-obligation consultation. Our team of experts will evaluate your policy, answer all of your questions, and help you evaluate your options.
Let us help you unlock the true value of your life insurance policy!