The Perisen Life Settlement Process is Easy!
- STEP 1
Review the characteristics of your policy including death benefit, premiums, etc. to determine if it is eligible for sale.
- STEP 2
Obtain independent financial advice to ensure selling is your best option and seek tax advice to ensure you understand the tax implications, if any.
- STEP 3
Complete our Perisen Life Settlement Application form to provide us with all the details pertaining to the policy, its owner and lives insured. From here, we do all the work, including collecting and analyzing your medical history and policy illustration to determine a fair actuarial value for your policy.
- STEP 4
Once we complete the analysis, if your policy meets all the criteria, we provide you with our offering price* and the necessary documentation for your review. At that time, we will suggest you get suitable independent advice (from a lawyer, accountant or financial adviser) so you can determine the best alternative for you.
* Price is dependent on life expectancy, total death benefit, cash value, loan value and other [terms]; suitable policies are likely to be valued between 10% and 30% of total death benefit; and price reflects cash value retained to fund future premiums.
- STEP 5
As soon as all the documentation is completed, we will deliver payment to you immediately.