Not all policies will receive comparable offers. Each situation is unique. Your offer may be potentially less favorable. Factors that affect the amount of the offer include but are not limited to age, gender, health, and life expectancy of the insured as well as the type, face amount, and cash value, if any, of the life insurance policy under consideration. In general, factors that would increase the insured's life expectancy would result in lower offers, and those that would decrease life expectancy would result in higher offers.
This actual transaction was net of all fees and commissions, which will vary depending upon the specifics of each completed life settlement transaction and earned by the life settlement broker and the life settlement agent only upon completion of the transaction. The exact amount is disclosed at the time of client offer acceptance and again when the life settlement closing paperwork is signed. The maximum aggregate compensation will be the lesser of: a) the aggregate compensation allowed by the life settlement provider or financing entity's guidelines; or b) the maximum amount permitted by state law governing the settlement of the policy, which varies by state (not all states regulate life settlements).
The sale of a life insurance policy may be a taxable event. Professional tax advice should be sought. Neither GE Insurance Services,. nor any of its employees provide any tax advice. |
