For Agents/Advisors

Hidden Gem Life Solutions sets itself apart from the competition by offering professional, personalized service. We share with you what’s happening every step of the way, and make sure to thoroughly answer any questions you or your client might have. Our company is run by experienced attorneys, who are familiar with the life and viatical settlements field and can help you get the most for your clients.

Life Insurance Policy Criteria

The life settlements market is always changing, but currently, our buyers are looking for insurance policies that fit the following criteria:

  • Age: 70 years and older OR any age with significant health impairments
  • Health: moderate to significant impairments
  • Life expectancy: Generally 12 years or less
  • Face amount: $100,000 or greater

Getting Started

Get started by calling our knowledgeable agents at 516.342.5516, emailing us at info@hiddengemls.com, or taking a look at the information provided below. We’ll answer any questions you might have, provide additional information, and walk you through the entire process.

What is a life settlement?

A life settlement is a transaction in which a life insurance policy is transferred between parties. Life insurance policies have value, and can be sold for money. The purchaser agrees to pay a certain fee to the policyholder in exchange for the benefits of the policy. The purchaser also takes on responsibility for paying any future premiums the policy may require. Then, when the insured passes away, the purchaser can collect the policy’s benefits.

What is a Viatical Settlement?

A viatical settlement settlement is the exact same thing as a life settlement but with one difference – the seller has less than 24 months to live.

 

However, whether the sale of your policy would qualify as a life settlement or viatical settlements, we will you find a purchaser.

How will a life or viatical settlement benefit your clients?

Your clients will be no longer have to pay insurance premiums, and will have access to cash that otherwise would have been locked away in an insurance policy.

Preferred Types of Policies

Hidden Gem Life Solutions will consider any type of life insurance policy. However, most buyers do prefer Universal Life, Whole Life, or Convertible Term Life policies.

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