Legalities in Future Sale

Elder2011

New Member
1
We are considering selling our policy in the next (2 years). Can we option our policy now? This would not be a formal purchase until (2 years) has expired, but the option to purchase would be held in escrow (Chicago Title & Trust). This policy will be held in our family trust and we don't know what the legalities of this (ILLINOIS). We have never been approached by a company with such a humanitarian point of view and desire to help our family. They do not keep all the profits from the life settlement.

The trust will make all the payments for the life of the policy.

Anyone out there to help?
 
We are considering selling our policy in the next (2 years). Can we option our policy now? This would not be a formal purchase until (2 years) has expired, but the option to purchase would be held in escrow (Chicago Title & Trust). This policy will be held in our family trust and we don't know what the legalities of this (ILLINOIS). We have never been approached by a company with such a humanitarian point of view and desire to help our family. They do not keep all the profits from the life settlement.

The trust will make all the payments for the life of the policy.

Anyone out there to help?

Nobody in the business does this -- too much risk when there is a ton of good, clean life settlements on the market.
 
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