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FAQs - Life Settlements

If I enter a life settlement contract, when will I get my money and who from? Most providers use an escrow agent or trustee to handle the money that will be paid to you. If an escrow agent or trustee is used, the escrow agent or trustee will wire you the funds within three business days of the date the insurance company confirms to the provider that the transfer of ownership has been completed. If an escrow agent or trustee is not used, the provider will send you the funds within three business days from the date you signed both the contract and the papers needed to transfer or assign your policy to them.



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