Understanding the life settlement process allows for realistic expectations. Most life settlement intermediaries glaze over the potential delays and difficulties that could be encountered and instead focus on false hope of super fast transactions. However, while speed is important, maximum offers take time.

While some life settlement intermediaries boast fast offers, these offers hardly ever reflect true market value and policy owners should be encouraged to commit the time to achieve maximized offers whenever possible. These claims to speed typically start from the point all underwriting documents are received, which discounts the most time intensive steps. This misleading approach is used to get leads in the door and sets unrealistic expectations. In the event a life settlement intermediary does actually provide an offer within 1-2 days, it is likely that offer is lower than what could be achieved given the proper time to complete the necessary steps.

Regardless, working with a life settlement partner that is upfront about the transaction time and provides technology that enhances process speed is a prudent decision.