Florida Life Settlements
In short, a life settlement (also called viatical settlement) in Florida is the sale of a life insurance policy before the death of the policyholder. The buyer is usually an investor, whether institutional or individual.
After the transaction is complete, the buyer assumes all financial aspects of the policy, including the payment of premium and collection of death benefit. This is usually more profitable than surrendering the policy to the insurance company (3 to 4 times actually)
Most individuals opt for a life settlement to pay for health insurance, medical care, supporting family members or leisure. The process is very simple and a life settlement broker such as Cedar Life Settlements can help you along the way.
How It Works
The process is simple, and our team is here to guide you through it from start to finish.
1. Answer a Few Questions
Questions pertain to policy details and relevant personal information
2. We Bring Investors To You
Our vetted partners compete by submitting offers based on the details you provide
3. Select the Best Offer For You
You may review offers and choose which makes the most sense for you
Ready to Get Started?
Can I Sell My Life Insurance Policy in Florida?
The short answer is yes. According to Florida Office of Insurance Regulation, policyholders are allowed to enter a “life settlement contract”, also known as “viatical settlement contract”.
Partner with a Licensed Company
Just like many other industries, it is always recommended to work with a licensed provider such as Cedar Life Insurance Settlements. Additionally, once your application is completed, a life settlement broker will find investors on your behalf. They will collect multiple offers and make sure that you get the most out of your policy
A Simple Process
Our short form includes questions regarding your policy and your overall health status. After submitting the form, our team will contact you to confirm your information, and answer any questions you may have.
Remember that there are no upfront costs nor obligations on your end. You can start the process on this page.
We also put together an in-depth life settlement guide to help policyholders understand their options better
Covering the Entire State of Florida
We are serving the entire state and specifically: Tampa, Miami, Jacksonville, Orlando, Tallahassee, West Palm Beach and other areas.
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