Frequently Asked Questions
What is the minimum investment into EquiLife Life Settlements?
$10,000 for a Cash/Non-qualified Investment,
What costs are associated with EquiLife Life Settlements?
Why do you use a Trustee?
First Western is an independent trust company that oversees our life settlement portfolios. This is the safest way to protect investors’ funds. The trustee is a national bank and holds the policies and funds in a statutory trust. This ensures that in the unlikely event EquiLife ever filed bankruptcy, creditors wouldn’t be able to access investor funds in the portfolio accounts.
Which IRA Provider Do You Use?
When you invest with your retirement funds EquiLife will help you set up a "self directed IRA”. We prefer to use IRA Club. They have low rates, excellent customer service, and are based in Chicago, Illinois. If you already have a self directed IRA with another provider we can work with them instead. If you have a retirement account with a traditional institution, we can assist with the transfer of funds to your new self directed IRA. We pay all costs associated with the transfer or account set up. Your transfer will be tax deferred, meaning you will not pay any taxes for moving your money into the new account.
What are the risks?
How is the life expectancy determined?*
Before a life settlement company purchases a policy it hires a life expectancy company to determine how long the insured is expected to live. Life expectancy companies are comprised of doctors who typically review more than 200 pages of documents to determine the insured’s anticipated life expectancy. These documents include medical records, family history, past life insurance applications, and actuarial tables. These reports are available to you upon request.
Is this legal?
Yes. For over a hundred years people have been selling their life insurance policies for a cash settlement. In 1911 the Supreme Court ruled in Grigsby v. Russell that selling and buying a “life settlement” is a legal transaction, no different than selling or buying any other asset.
Are life settlements viaticals?
Disclaimer: This marketing is intended for accredited investors who have the financial means, experience, and knowledge to make investments into complex and illiquid financial products. It is intended for educational purposes only and should not be construed as investment or financial advice.