Frequently Asked Questions

Below are some of the most common questions people have about life settlements.

What is a life settlement?
A life settlement is the sale of a life insurance policy in which a policy owner receives a cash settlement for their policy. The responsibility for premiums and ownership of the policy are transferred to a life settlement provider (Trinity Life Settlements).

What is Trinity Life Settlements' role in a life settlement?
Trinity Life Settlements is a life settlement provider. Our role is to purchase your policy from you, and handle the administrative requirements needed to process a life settlement.

What are the steps to begin the life settlement process?
Trinity Life Settlements recommends you speak to your financial advisor to determine if a life settlement is right for you. Then you need to fill out a simple application to start the process. Trinity Life Settlements will evaluate your life insurance policy criteria for a life settlement and contact you.

Are there any application fees?
No.

Will I have to pay Trinity Life Settlements for handling my life settlement?
No.

How long does the life settlement process take?
Our process typically takes 90-120 days.

Are there any tax and financial implications that I need to consider?
Anyone considering a life settlement transaction is strongly encouraged to discuss all of the relevant issues with his or her insurance, financial, tax and legal advisors.

Will my information be kept confidential?
Absolutely. Trinity Life Settlements has a strict confidentiality policy. We will not share, rent or sell your information without your written permission. Any written approval for the sharing of this information will explain to you who may get the information and why it might be released.

Trinity Life Settlements has built a reputation for abiding by the highest standards of business ethics and integrity. We are a proud member of the Life Insurance Settlement Association (LISA).