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Q. What if I change my mind?
A. If you change your mind about selling your policy, you can cancel the life settlement
contract at any time up to the 15th day after you receive the money from the
provider. Please note that some states may allow 30 days. If you change your
mind, then all proceeds you received must be returned to the purchases, and you
must remember to arrange with the purchaser to have the insurance company transfer
the ownership of the policy back to you.
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I’m over 65 and I no longer need or want my life
insurance policy. The policy’s death value is $250,000 or greater, and I would like to
see how much is it worth to me as a senior settlement,