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SLG can work directly with licensed life insurance producers to see if a life settlement can benefit your clients. If you have policy owners who want to get out from under rising costly premiums, a life settlement could be a good option.
While most states only allow life settlements after two years from the policy issue date, these scenarios typically also qualify for a life settlement regardless of time:
- Divorce
- Terminal or Chronic Illness not present when policy was issued
- End of employment relationship for key-man policies
- End of business partnership
- Some bankruptcy situations
With basic policy information and in-force illustrations we can evaluate your book of business and identify policies where a life settlement might make sense.
Most states require a life producer to hold a life or viatical settlement broker’s license to be paid directly on a life settlement transaction.
Contact SLG today to discuss our buy box and whether you have any clients who might be a good fit for a life settlement.
Where We Operate
SLG Life Settlements, LLC (“SLG”) is licensed as a viatical settlement provider or a Life Settlement Provider in the following states: Arizona, Connecticut, Delaware, Georgia, Illinois, Indiana, Maryland, North Carolina, New York, Ohio, Pennsylvania, Tennessee, and Texas.
CCA Life Settlements, LLC (“CCALS”) is licensed as a Viatical Settlement Provider or a Life Settlement Provider in the following states: Arkansas, Florida, Iowa, Louisiana, Maine, Minnesota, Mississippi, New Jersey, North Dakota, Oregon, Virginia, and Wisconsin. CCA Settlements, LLC (“CCAS”) is licensed as a Life Settlement Provider in the state of California.
SLG may also purchase policies in the following states that do not regulate the secondary market for life insurance: Alabama, Dist. Of Columbia, Michigan, Missouri, New Mexico, South Carolina, South Dakota, and Wyoming.
SLG, CCALS, and CCAS are associated companies under common ownership. They are operated by the same officers and employees and adhere to the same policies, but operate only where licensed.