$10,000 for a Cash/Non-qualified Investment,

$25,000 for a IRA/Qualified Investment

If you invest with cash, the only cost occurs if there is a capital call once the premium reserve account is depleted. At Life Asset, we try keeping investor costs to a minimum; that is why we have gone beyond other companies by structuring a pooled reserve account to reduce the chance you ever pay out of pocket.

When you invest with your retirement funds, Life Asset will help you set up a "self-directed IRA”. We prefer to use IRA Club. They have low rates and great customer service. 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. Your transfer will be tax-deferred, meaning you will not pay any taxes for moving your money into the new account.

As with any investment there are risks associated with investing in life settlements. However, Life Asset has taken steps to reduce those risks. The main risk facing the investor is longevity; that is, the life expectancy of an insured of an owned life settlement. The industry standard is to order life expectancy reports from medical experts to determine the insured’s life expectancy. While those reports are usually accurate, there are no guarantees that the policy will mature "on time." When a policy goes beyond life expectancy the premium reserve may become depleted. This means premium calls can occur which will reduce your return on the investment. In the most extreme theoretical case, an insured could live so far beyond life expectancy that an investor could lose principal.

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.

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.

Though life settlements and viaticals may seem similar, there are key differences.

Life settlements deal with senior citizens who sell off their policies. Their life expectancies are usually between 3-10 years, and the insured mainly suffers from some type of chronic illness.

With viaticals, the insured selling his or her policy is facing a life threatening illness and has less than a 2 year life expectancy. Most insureds are younger, 30-60 years old. With the progress of modern medicine, some of these people are cured of their illness and the cases can go on for decades.

We believe viaticals have too much risk due to the insureds' age. With life settlements, the insureds' age plays a major role in ensuring that the policy does not go on for an extended period of time.