Direct to Provider Life Settlements – How They Work:

The Old Way

Historically, financial advisors, insurance producers, and even policy owners themselves have experienced the life settlement space via an intermediary in the form of a career life settlement broker. A life settlement broker can oftentimes charge commissions of up to 30% of a provider’s gross offer, leading to insurance advisors, financial planners, and consumers wondering if there is anything that can be done to minimize this cost, while still retaining a competitive offer for their life insurance policy.

The Institutional Way

As a direct purchaser of life insurance policies, Institutional Life Services (“ILS”) does not charge any broker fees. Instead, when you partner with ILS, every dollar that we are able to offer is passed directly to you! This enables you and your client to retain every dollar possible without having to pay a third party (note: commissions are typically subject to state guidelines – please visit your state’s Department of Insurance website to learn more). We understand that the life settlement process can feel confusing and even cumbersome, so our team of seasoned experts will walk alongside you and your client every step of the way, providing transparent, white-glove through the 4-step process. 

Case Study:

Meet Chris:

75-year-old male

Rejected by 2 life settlement brokers, each taking over 30 days to render this decision

In 3 weeks, ILS was able to generate an offer for over 30% of the policies’ face value

On top of this, every dollar generated as an offer was passed directly to the advisor and consumer!