A life settlement is oftentimes more than twice the cash surrender value of the policy. The purchaser becomes the new owner and beneficiary of the policy, pays all of the future premiums associated with the policy and collects the full amount of the death benefit when the insured dies.

We will consider purchasing a life insurance policy from any insured individual aged 65 or older with a life expectancy of more than four years. The face value of the policy must be at least $250,000 and have been owned for at least three years.

• CEO or Partner retires and the business is sold
• A business bankruptcy requires a liquidation of assets
• Premiums become burdensome
• Policy owner or insured no longer needs the coverage
• The insured has outlived their beneficiaries such that they no longer
need the financial protection
• The insured would prefer to make a gift or donation of cash to another
person or organization
• A charitable organization has been assigned the policy and would
prefer cash rather than a death benefit
• Changes in tax law or net worth
• Desire to fund an annuity or investment

No. First Equity Benefits of America does not charge any fees.

In some circumstances, the money you receive from the sale of your policy may be exempt from federal income tax and state income tax. Federal law requires that our escrow agent (or if required by law, the life settlement provider's escrow agent) send an IRS Form 1099 to the owner of the policy and the IRS. We recommend you consult with your professional advisors on these matters.

1. An application with accompanying documentation is received
2. Current medical statements are obtained
3. Information is reviewed for qualification,which may include correspondence with your insurance company
4. If policy is accepted, a settlement offer is extended
5. Once accepted, a contract is sent out for signatures
6. Upon receipt of the signed contract, First Equity Benefits of America
(or if required by law, a life settlement provider in your jurisdiction) will pay the proceeds of the settlement to an escrow account for payment
7. Closing will take place within 3 days after transfer of ownership of
policy to First Equity Benefits of America has been confirmed

A decision will be made within 5 days of receiving all required information. The entire process is usually completed within 15 business days

• Universal Life
• Term life to age 100
• Whole life
• Variable Universal Life
• Survivorship (any type)

There are numerous factors that determine the amount of a life settlement. Some of these factors include (but are not limited to):
• The age, gender and medical condition of the policyholder
• The size of the policy
• Premium cost
• Life expectancy
• Cash surrender value
• Dividends