South Carolina Life Settlements
Life Settlement Definition
In South Carolina, a life settlement (also known as viatical settlement) is the sale of a life insurance policy to an investor. Following the completion of the transaction, the investor(s) is responsible for all premium payments. They will also collect the death benefit upon the policyholder’s passing.
Many individuals opt for a life settlement since the payout can be 3 to 4 times higher than the cash surrender value.
To ensure the highest amount possible, it is recommended to use a life settlement broker that will collect multiple offers on your behald.
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 South Carolina?
Yes. According to South Carolina law, policyholders are allowed to enter a “life settlement contract” with a third-party.
Choose a Reputable Company
Policyholders should find a reputable life settlement broker that do not charge any upfront fees, such as Cedar Life Settlements. Additionally, making sure that the broker had a wide network of investors is crucial to the success of the transaction.
An Easy Process
We make things very easy for our customers. It only takes a few minutes to fill out our form and answer a few questions about your policy and your health condition.
Covering the Entire Palmetto State
We are serving the entire state and specifically: Columbia, Charleston, Rock Hill, Greenville, Myrtle Beach, Spartanburg, Greenville and other areas.
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