We bring our nationwide network of buyers to your door.

We are one of America’s premier Life Settlement brokerages with 20 years in business.

WHO WE ARE

Expertise. Respect. Results.

About Our Company

American Life Settlements is a life and viatical settlement firm based in Carmel, Indiana on the north side of Indianapolis. For 20 years we have brokered life insurance policies among multiple Funders for cash, conversion to a Long-Term Care Benefit Account, or a Private Policy Loan. We are a family owned business based in the Midwest with an established network of funders that reaches across the United States.

We work with individuals as well as advisors who are working on behalf of their clients. Our clients have ranged in age from 32 to 93. Policy sizes have varied from $50,000 to portfolios of $60 million and above. We offer three policy sale Programs for the terminally ill with lifespans of 5 years or less and three Programs for those who might live as long as 23 more years.

Our Mission

We have a mission to deliver the best outcomes and unmatched customer service to the individuals and advisors we have the privilage to serve.

Funders have traditionally relied on Life Settlement Brokers and insurance agents to bring in cases. In 2016 a few Funders began costly TV advertising, hoping to bypass brokers and get cases without competition, resulting in much smaller payouts to the Policy Owner. The tactic is working, and while awareness of Life Settlements is finally growing among the public, too many are letting their policies go for a low dollar, fast offer from a direct funder.

In contrast, American Life Settlements cases are submitted to 5-20 Funders, including the TV advertisers, to maximize competition. We also uniquely offer Six Policy Sale Programs, increasing the chances for higher and more suitable payouts.

We accomplish what we do by investing time and money to medically underwrite each case rather than get a quick TV offer like a pawn shop. We respect our clients’ decision to shop around if they so choose and do not require an exclusive contract.

WORKING WITH US

How We’re Different

We will tell you the truth as we know it, even when that might not be what you want to hear, or what you are being told by expensive marketing and pushy sales reps.

Back in 1987, we were straight-talkers when we began selling new life insurance. With guidance and experience, we learned to profile cases that might be rated and others that would probably be declined. We take the time to educate our clients on every aspect of their case, from qualification requirements, probability and payout potential to the expected time to close for a good sale.

American Life Settlements will accept a case with even a remote chance of success. That said, managing expectations is crucially important with Life Settlements, where we may under-promise and over-deliver rather than make unrealistic projections.

When we determine a case has a chance, comprehensive information and instructions are sent by Email, then printed out and shipped by FedEx along with related materials. All cases receive our best efforts regardless of case size. No case sits on the shelf. Our follow up on behalf of our clients to the necessary constituents is relentless and continual.

6 Program Options Bigger Payouts Experts Only

6 Programs for Selling Life Insurance Policies

We use a consultative, educational approach for explaining the Six Programs. Three of the programs are for Insureds who may live as long as 23 years. Three are for Insureds who will probably die within 5 years.

During the process we may canvass 5 to 20 Funders, including those advertising on TV, to determine how many of the Six Programs are available. Policy Owners of multiple policies have an advantage we call Mix and Match because they might be able to use more than one Program. This is especially true when Convertible Term policies are being appraised as they are favored by Funders over all other types of life insurance combined.

FIND OUT MORE

Learn about the 6 programs and qualification requirements.

More Funders = Higher Payout

Funders have traditionally relied on their Websites, Life Settlement Brokers, and insurance agents to bring in cases. In 2016 a few Funders began costly TV advertising, hoping to get cases without competition. American Life Settlements cases are submitted to 5-20 Funders, including the TV advertisers, to maximize competition. We uniquely offer Six Programs, increasing the chances for higher and more suitable payouts. To do this we invest time and money to medically underwrite each case rather than get a quick TV offer like a pawn shop. We respect our clients’ decision to shop around if they so choose and do not require an exclusive contract.

Free Consultation

Get in touch, and we will evaluate your situation or that of your client’s. No sales pressure, no obligations.

Settlements Focused

Our function is to determine if there is even a remote chance of success in selling a policy, and to give our clients access to the network of funders, body of knowledge and alternatives that has taken nearly 2 decades to build.

We do not “upsell” other financial products

There is no cross-marketing of life insurance, annuities, investments, reverse mortgages, other financial products, or financial planning services. Promise.

Download our FREE 20 Page Guide

“The Complete Guide to Life Settlements”

Morris Heins, President and Founder

Letter from the Founder

I enjoyed 21 years of line and staff management with RCA in Memphis and then Indianapolis. During that time, I had a growing desire to help people personally instead of managing and problem-solving in manufacturing. I moved to life insurance in 1987 and built an agency.

In 1998 I added Life Settlements to the menu when senior clients began asking about selling their policies. I soon realized that I enjoyed delivering Life Settlement cash much more than placing new insurance policies and processing death and Long-Term Care claims. I founded American Life Settlements and launched our first Website to expand Life Settlement brokerage services across the country. The insurance agency was phased out to focus all efforts on Life Settlements.

The Industry has undergone major changes, most especially in the evaluation of lifespans. After the AIDS crisis began winding down in 1996, many Funders went bankrupt or sold off their AIDS-related policy portfolios for pennies on the dollar. Re-purposing the Life Settlement concept to healthier seniors brought Life Settlements to a much larger universe of prospective clients. However, the estimation of lifespans was way off, and by the mid-2000’s many Funders were hurting because they had bought policies covering Insureds who were outliving lifespan estimates. In 2008 and again in 2015 the Society of Actuaries developed far larger and more sophisticated sets of data that improved longevity forecasting. Today’s Funders are much better-informed as to how long each Insured might actually live. Funders are buying a smaller volume of coverage than in 2008 but now may take on cases that might live up to 23 more years.

The major reason so few policies are being bought is supply. Too few individuals and financial professionals are aware that this option exists and that an insurance policy is a viable financial asset to be leveraged. As a result, there simply are not enough life insurance agents and other professionals handling Life Settlements, and thus too few policies are being submitted to Funders. We have had success working with all manner of licensed individuals. Our extensive experience and resources have made this a painless and low-cost addition to their existing agencies or practices.

Growing up, I admit to some envy of individuals who knew exactly what they wanted to do from an early year, notably doctors, lawyers, and ministers. Life Settlements has become the most rewarding business endeavor of my life. We have helped clients from age 32 to 93, some with lifespans less than 5 years and others up to 23 more years. Those who were terminally ill have had an especially profound impact on me and my family. We have learned to take nothing and no one for granted and to give thanks for our above-average health.

We look forward to working with you.