Discover the Fair Market Value of Your Client’s Policy

Each year, more than $100 billion dollars of policies insuring seniors over the age of 65 lapse.¹ One of the driving factors is the lack of knowledge that life settlements even exist. The team at ILS seeks to serve as educators for advisors and their agents, acting as a trusted resource when a client is seeking alternative options for their existing life coverage.

ILS brings market know-how and our extensive industry network to every transaction. Fundamental to our business is a respect for privacy and confidential information. We value long-term alignment with our clients, continuity in our team, and individuality in our colleagues.

  • Get an Estimate

    Submit an illustration and your client’s date of birth to get a range of values in less than 24 hours.

    In some circumstances, you may receive a formal offer during this time.

  • Underwriting

    ILS offers white-glove service to order all necessary carrier and medical information. Additionally, our proprietary underwriting process ensures that we are using the best underwriting to determine the fair market value of your client’s policy.

  • Closing

    Once an offer is agreed upon, our witness-only contracts ensure that your client’s life settlement will be completed as quickly as possible.

  • Payment

    After the carrier transfers ownership and beneficiary, your client receives the proceeds from their life settlement. Once their rescission period has ended, your commission is paid.

Frequently Asked Questions

  • Your client’s policy value in the life settlement market can be affected by multiple variables, two of the largest being future premium expense and longevity analysis.

    By providing a simple illustration showing premium to maturity and your client’s date of birth, ILS can walk you through possible settlement outcomes for their policy in as little as 24 hours.

    ILS also has a back-office team that is happy to request an illustration for you if you would like as well. Click here to take the next step to uncovering the value of your client’s policy!

  • There are several factors that determine whether your client’s policy will qualify for a life settlement such as policy type, death benefit, premiums to maturity, and the insured’s medical history.

    Typically, insureds that are 65 years of age and older who have had a health change since policy issuance have the greatest likelihood of qualifying for a life settlement. To take the next steps in determining if your client will qualify, click here.

  • The duration of a life settlement transaction can vary rather significantly, however, with an illustration and your client’s date of birth, our team can run pricing estimates for you in as little as 24 hours!

    Upon receipt of medical records, our team can quickly determine the fair market value of your clients’ insurance policy. Additionally, our witness-only contracts provide a user-friendly approach to finalizing the transaction.

  • Yes. In most states, both life and viatical settlements do have regulations. We encourage you to reach out to your state’s Department of Insurance or visit LISA to learn more about how life and viatical statements in your state are regulated.

Ask us a question in the form below:

Results in Minutes,

Not Months

To determine if your client will qualify for a settlement, click here to submit a case.

We can also be reached via email at bids@ils-us.com or via phone at (629) 215-8938.

Begin the Process

  1. Lewis & Ellis Actuaries and Consultants. http://lewisellis.com/industry-insights/article/40044757-many-seniors-still-see-life-insurance-policies-lapse