Florida Life Settlements
Florida policyowners and their advisors can explore life settlements with a confidential evaluation from Accelerated Life Solutions. Based in Delray Beach, the firm serves people across the Sunshine State.
Who regulates life settlements in Florida?
The Florida Department of Financial Services issues life settlement broker licenses, and the Florida Office of Insurance Regulation oversees life settlement providers. Policyowners can confirm a broker's license using the Florida DFS licensee search.
Life Settlement Laws in Florida
Florida life settlements are overseen by the Florida Department of Financial Services.
Regulator: Florida Department of Financial Services. Florida law may include rescission rights and waiting periods; confirm the current rules with the Florida insurance regulator.
- Requirements may include disclosures and consumer protections for policyowners.
- Confirm current transaction and eligibility requirements with the Florida Department of Financial Services.
Licensing in Florida
Accelerated Life Solutions, LLC holds a Florida life settlement broker license (#L083995). Brian Hurley holds Florida Individual License #E113686. Florida broker licenses are issued by the Florida Department of Financial Services; the Florida Office of Insurance Regulation oversees life settlement providers. Verify the license with the Florida DFS licensee search.
Consumer Protections
Florida law may include rescission rights and waiting periods; confirm the current rules with the Florida insurance regulator. Required disclosures, including broker compensation, are provided before a transaction is finalized.
Commonly Accepted in Florida?
Florida's large retiree population and favorable regulatory environment make it one of the most active states for life settlement transactions. These are commonly accepted market criteria, not state requirements. Not every policy qualifies for a life settlement. Eligibility and outcomes depend on policy characteristics, insured health, premiums, underwriting, and market conditions.
How Accelerated Life Solutions Serves Florida Advisors and Policyowners
We work with financial advisors, CPAs, estate planning attorneys, insurance agents, trustees, and individual policyowners in Florida. Policyowners may contact us directly for a confidential evaluation, and we coordinate with their advisor when they have one.
Our Florida Process
- 1Initial policy review and eligibility assessment
- 2Collection of policy and medical documentation
- 3Medical and financial underwriting
- 4Presentation to qualified institutional buyers
- 5Evaluation and negotiation of offers
- 6Completion of transaction documentation
- 7Insurance carrier ownership and beneficiary transfer processing
- 8Closing and distribution of proceeds
Frequently Asked Questions
Is Accelerated Life Solutions licensed in Florida?
Accelerated Life Solutions, LLC holds a Florida life settlement broker license (#L083995). Brian Hurley holds Florida Individual License #E113686.
What are the rescission and waiting period rules in Florida?
Florida law may include rescission rights and waiting periods; confirm the current rules with the Florida insurance regulator. The Florida Department of Financial Services is the state insurance regulator.
How long does a life settlement take in Florida?
Qualified submissions may receive a preliminary valuation within approximately 24 hours after sufficient initial information has been received. Overall timeline varies with underwriting complexity, documentation availability, buyer requirements, and carrier processing. Estimated closing and funding timelines are communicated as the transaction progresses. No fixed completion date is guaranteed.
How much is a life insurance policy worth in a Florida life settlement?
A life settlement may produce more than the policy's cash surrender value, but results vary by case. A free evaluation shows whether a policy may have secondary-market value. Not every policy qualifies for a life settlement. Eligibility and outcomes depend on policy characteristics, insured health, premiums, underwriting, and market conditions.
How is a life settlement broker paid in Florida?
Broker compensation is determined case by case, considering the circumstances and economics of each transaction, and is always disclosed before the transaction is finalized. Compensation is structured to support successful transactions while staying transparent with the appropriate parties. Applicable compensation and transaction costs are disclosed in accordance with governing state laws and transaction documentation.
Are life settlements legal in Florida?
Yes. All brokers and providers must be licensed by the Florida Office of Insurance Regulation.
How does Florida's no income tax benefit life settlement clients?
While federal income tax may still apply, Florida residents do not pay state income tax on life settlement proceeds — potentially resulting in significant savings compared to other states.
Can snowbird residents qualify for Florida life settlements?
Eligibility depends on legal residency and policy details. Part-time Florida residents may qualify if they meet the policy and regulatory requirements. Contact us for a case-specific evaluation.
Nearby states
Ready to Explore Life Settlements in Florida?
Request a complimentary, no-obligation evaluation for a Florida policy. Qualified submissions may receive a preliminary valuation within approximately 24 hours after sufficient initial information has been received.