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Privacy Policy
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PRIVACY POLICY

Will Life Settlement Solutions share information with affiliated or non-affiliated companies?
  • Life Settlement Solutions may share nonpublic personal information with affiliated companies in order to administer, process, enforce or service its policies. Life Settlement Solutions does not sell or share nonpublic personal information with any other company for marketing purposes.
  • Life Settlement Solutions may share nonpublic personal information with the following types of non-affiliated third parties: [Where required, Life Settlement Solutions obtains signed consent from the individual authorizing Life Settlement Solutions to share his or her information.]
  1. Settlement brokers, independent providers, agents, attorneys and financial advisers representing the policy owner and/ or insured directly in connection with the life settlement transaction.
  2. Medical underwriters who provide life expectancy evaluations to Life Settlement Solutions at the request of an independent provider or the broker representing the policy owner and insured. These underwriters´┐┐ privacy policies are available to the provider or broker representing the policy owner and insured, who may request them directly from the underwriter.
  3. Service providers, consultants and funding entities who work with Life Settlement Solutions directly in connection with evaluating, processing and closing settlement transactions. These include Life Settlement Solutions funding entities and their advisers, trustees and independent escrow agents. Such parties are required to sign written agreements obligating them to preserve confidentiality and privacy of nonpublic personal information.
  4. Insurance carriers who have issued the policies that policy owners propose to sell to Life Settlement Solutions. Carriers may be contacted directly to confirm their privacy policies.
  5. Funding entities that act as capital providers to which policies are transferred, and their advisers and trustees, each of which agrees in writing to the preserve confidentiality and privacy of nonpublic personal information.
  6. Consultants and service providers who work under contract to Life Settlement Solutions for policy administration and tracking, each of which agrees in writing to preserve the confidentiality and privacy of nonpublic personal information.
  7. Consultants and service providers who work for Life Settlement Solutions to assist with design and maintenance of computer systems and other general business support, each of which agrees in writing to preserve confidentiality and privacy of nonpublic personal information.
  8. Regulators and legal authorities that Life Settlement Solutions must report to as a matter of law.

Is it possible for a policy owner or insured to 'opt out' of sharing their nonpublic personal information with Life Settlement Solutions?
  • No. Life Settlement Solutions conducts business and provides its services to policy owners and insured Persons within the guidelines of the federal GLBA and state laws governing privacy issues for the settlement business. As such, Life Settlement Solutions does not allow a policy owner or insured to 'opt out' of sharing their nonpublic personal information. Life Settlement Solutions' general practices regarding sharing of information are summarized in this privacy policy Statement.
  • As part of our contract documentation, disclosure and consent forms are signed by policy owners and insureds to confirm their understanding and consent to 'opt in' for sharing of nonpublic information as described in this notice and in the transaction documents.

What measures will Life Settlement Solutions take to ensure the privacy of Social Security numbers?
  • The Social Security number of a policy owner or insured individual is necessary to effect a life insurance settlement transaction, but this number will not be used by Life Settlement Solutions as a customer case identifier, nor will it be publicly displayed by Life Settlement Solutions. Additionally, Life Settlement Solutions will not provide or share Social Security numbers with other companies or organizations except as required or permitted by law and consistent with this privacy policy statement.
What kind of document retention policies will Life Settlement Solutions observe?
  • All documents containing nonpublic personal information will be retained for not less than five (5) years after the death of the insured for completed settlement transactions, or five (5) years after cessation of negotiations, rejection or rescission for Policies not ultimately acquired by Life Settlement Solutions. Information from former customers will be maintained in the same manner as current customers. If the state in which the settlement transaction occurred has enacted laws at the time of the settlement transaction that have a different retention period, Life Settlement Solutions will retain information for the longer period of time.

Life Settlement Solutions will take all reasonable steps to destroy or arrange for the destruction of all records within its custody or control containing nonpublic personal information that is no longer in need of retention. The destruction of such information may include shredding, erasing or otherwise modifying the nonpublic personal information in those records to make it unreadable or undecipherable through any means. This will include records stored on paper and electronically.

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Contact us today to learn more about Life Settlement Solutions LLC.

Life Settlement Solutions LLC is an institutionally funded purchaser of life settlements. We are not brokers or agents.
The information presented on this Web site is not intended for consumers or the general public.
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