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Personalized Service

We at Ardan Group, work with our clients to provide a settlement solutions that best meets their needs. We stand behind every settlement and are readily available to assist clients before, during and after the settlement.

 

 

 

Life Settlements

A Life Settlement allows an individual 70 and older to turn their non-performing or unnecessary asset, a life insurance policy, into cash.

A life settlement may be considered when maintaining premium expense becomes prohibitive, a more affordable policy is being considered, there are changes in trust, tax or estate planning, a key-man policy is no longer required, beneficiaries are self sufficient and for a myriad of other financial reasons.

Quite often, utilizing a life settlement option may be the wisest and most ideal financial option.

HOW DOES A LIFE SETTLEMENT WORK?

  • An application, along with the proper authorizations and policy information is submitted to Ardan.
  • Experienced staff reviews the submitted information for completeness and suitability.
  • Independent medical experts review the medical records.
  • Ardan formulates an offer based on the buying parameters of the most suitable investor for the policy.
  • An offer to purchase is made.
  • When the offer is accepted, Ardan issues a contract either via e-mail or overnight courier.
  • Upon receiving the executed contract, escrow is confirmed and change forms are then processed.
  • Once the change of ownership is recorded at the insurance carrier, funds are released to the policy owner, usually within 48 hours.

WHAT IF I CHANGE MY MIND?

You may decide not to proceed at any time during the settlement process. Unlike some companies, who do not allow you to rescind beyond 3 days after signing a contract, we allow you to change your mind within fifteen days (longer if required by law) of receiving your funds. Should you choose this option, we will then cancel the transaction at no cost to you.

TAX CONSEQUENCES OF A LIFE SETTLEMENT

We recommend that you consult your attorney or tax Advisor regarding any tax implications.

 

The information provided on this website is purposely generic and is not intended to be an offering. Please contact us for information that is specific to your situation.