The Process

Selling your policy should be a decision that involves a discussion with your beneficiaries. Contacting the Sunrise Team can help you and your beneficiaries discover if Life Settlement is right for you! 

Factors such as premiums, life expectancy, and the policy's face value will determine if you qualify. An underwriter will determine life expectancy using submitted HIPPA compliant medical records. 

After you qualify, Sunrise submits your policy details to its vast pool of buyers. This creates competition (bidding), which increases demand, and ultimately a higher life settlement payout for you!

Sunrise Settlements will keep you informed at every step of the bidding process. When it's apparent which buyer presents the best offer, we will discuss it with you before you decide to accept. The offer will always be more than the cash surrender value of your policy, but less than the death benefit. 

If the offer amount is suitable, you can choose to accept the offer. Contracts will be generated to make the life settlement concrete. After both parties sign and notarize the contract, they are submitted for verification. 

Once a verification of the contract is complete, the policy is transferred to the buyer. 

During verification and transfer of ownership, your life settlement proceeds have been residing in an escrow account. When the buyer of the policy is listed as the new policyowner, the escrow agent will release your life settlement payment to you.