RTG Consultants

Frequently asked Questions about Life Settlements

Q. What is a life settlement?
A financial tool used by senior policy holders and financial advisors applied to life insurance creating money in excess of cash surrender value.

Q. What type of policies are covered?
Almost any type of life insurance.

  • term
  • universal life
  • whole life
  • survivorship
  • keyman
  • owned by...
  • an individual
  • trust
  • corporation
  • charitable organization


Q. Is there a limit to the size of policy I can sell?
No. Absolutely any sized policy can be purchased, there are no limitations.

Q. What are the benefits of a Life Settlement?

  • Create more comfortable retirement years
  • Eliminate or reduce future life insurance premiums on a new policy
  • Fund new needed Coverage, Annuities, Long-Term Care or Investments
  • A more profitable and bigger payout alternative than surrender or lapse
  • Fund a single premium Annuity/Life
  • Fund the purchase of a needed survivorship policy
  • Settle personal or business debts proactively
  • Bestow cash gifts to family members or charities
  • Maintain a lifestyle despite changes in finances or health


Q. How much will I receive for my policy?
There are many factors that determine the offer amounts. These include age, premiums, client's health, type of policy, policy size, and competitive bidding. However, as a general rule, age, health and future premiums are the primary factors that determine the amount of the Life Settlement offer.

Q. Will RTG Consultants help me find the highest payout for my policy?
Yes, the benefit with working with RTG Consultants is the fact that we are working with numerous funders. We are a nationwide life settlment broker. Once we submit your quote and start to receive bids we will notify you which founder is offering the most. You can be sure that RTG will get you the highest payout for your policy.

Q. Who makes the remaining premium payments?
The funding institution will pay all future premiums after the Life Settlement transaction.

Q. Are there any restrictions with the payout from a Life Settlement?
The Life Settlement payout are unrestricted and can be used in any way you chose.

Q. How long does the process take?
The offer process can occur within two weeks. If you accept the offer, you normally see payment within one month - approximately six weeks total from the time of qualification to receipt of proceeds. There is NO obligation to accept a Life Settlement offer.

Q. How can I start the process?
We have setup an easy online qualification form. After we receive you initial form we will be contacting you for any additional information. From that point on, we will begin to find you the highest payout. Remember, there is NO obligation to accept a Life Settlement offer. For more information about how the life settlement process works, click here.

Q. Are the proceeds taxable?
We recommend that with all financial decisions, you should consult your tax advisor. Generally speaking, the proceeds are:

  • Tax free up to the amount invested
  • Taxed as ordinary income up to cash surrender value
  • Taxed as capital gains above cash surrender value


Q. What if I have more questions?
No problem, we are here to help you. You can contact via our form, email, or telephone at 1-888-973-8377. We also just recently compiled another page of common senior life settlement questions.

Q. Can you supply information about viaticals?
Yes, we are trained viatical brokers, and can assist you with your current policy. Please visit our viatical page for some basic information about viaticals and viatical settlements.

Viatical and Life Settlment Glossary

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