Life Settlement and Insurance Questions Answered
Common Questions About Life Insurance and Life Settlements
Q: How much does this service cost?
A: There is no cost to our clients for this service. Our compensation is only derived when the offer is accepted and our service fee is transparent in the contract with the owner of the policy.
Q: Do I need to take a medical exam?
A: No. The information provided with your application and the medical release will allow us to assess the value of the policy without any invasive exams.
Q: Am I obligated to accept the offer?
A: No. You retain the absolute right to accept or decline the offer.
Q: What if I change my mind?
A: You may decide not to proceed at any time during the process. In most cases, and in most states you even have fifteen days after the policy is purchased to change your mind. In either event, we will cancel the transaction with no cost to you.
Q: What are the tax consequences?
A: Due to ongoing changes in tax law we always recommend that you consult your attorney or tax advisor
Q: What alternatives do I have?
A: It may be possible to get a loan secured by the policy or you may surrender the policy for its cash value.
Q: How long does the process take?
A: While everyone wishes the process was a fast one, the facts are that because of the various outside vendors (Doctors, Life Expectancy Companies, Insurance Carriers) have their own internal processes it normally takes 4 to 6 weeks from the time you submit and application until a client receives the funds. Again, this depends on how quickly doctors and insurance companies take to respond to verifications and inquiries.
Q: How do I get started?
A: You can start by calling us today at (866) 500-7850, or by e-mailing us at info@integrityp.com.
