Indiana Life Settlements
Indiana's growing senior population and well-regulated insurance market create strong opportunities for life settlements. Accelerated Life Solutions is fully licensed to serve financial advisors and policyholders throughout the Hoosier State.
Life Settlement Laws in Indiana
Indiana regulates life settlements under the Indiana Viatical Settlements Act (IC 27-8-19.8). The state requires licensing for all brokers and providers, ensuring strong consumer protections for policyholders throughout the transaction process.
- Life settlement brokers and providers must be licensed by the Indiana Department of Insurance
- Mandatory 15-day rescission period allows sellers to cancel after signing
- Two-year waiting period required before a policy can be settled
- Full disclosure of all offers received must be provided to the policyholder
- Anti-fraud provisions protect against stranger-originated life insurance (STOLI)
- Brokers must act as fiduciaries representing the policyholder's best interests
Regulatory Framework
Indiana requires all life settlement brokers and providers to be licensed by the state’s Department of Insurance. Accelerated Life Solutions is fully licensed and compliant in Indiana.
Consumer Protections
Indiana law mandates full disclosure, rescission periods, and privacy protections for all life settlement transactions — ensuring your clients are fully informed.
Commonly Accepted in Indiana?
Indiana residents with convertible term policies may also qualify if the policy can be converted to permanent coverage before settlement.
How Accelerated Life Solutions Serves Indiana Advisors
We partner exclusively with financial professionals in Indiana — financial advisors, CPAs, estate attorneys, and insurance agents — to deliver fully compliant, transparent, and competitive life settlement outcomes.
Our Indiana Process
- 1Confidential policy review and preliminary valuation
- 2Full underwriting and documentation coordination
- 3Competitive bidding among institutional buyers
- 4Transparent offer presentation with full disclosures
- 5Compliant closing with legal coordination
Frequently Asked Questions
Are life settlements legal in Indiana?
Yes, life settlements are fully legal and regulated in Indiana under the Indiana Viatical Settlements Act (IC 27-8-19.8). All brokers and providers must be licensed by the Indiana Department of Insurance.
How long do I have to cancel a life settlement in Indiana?
Indiana provides a 15-day rescission period after signing the settlement contract. During this time, you can cancel the transaction for any reason and retain full ownership of your policy.
What types of policies qualify for life settlements in Indiana?
Universal life, whole life, and convertible term life policies with a face value of $100,000 or more generally qualify. The policy must have been in force for at least two years.
How are life settlement proceeds taxed in Indiana?
Life settlement proceeds may be subject to federal income tax, with the amount above your cost basis potentially taxed as ordinary income or capital gains. Indiana generally conforms to federal tax treatment. Consult a tax advisor for your specific situation.
How long does the life settlement process take in Indiana?
The typical life settlement process in Indiana takes 60 to 120 days from application to funding. This includes medical underwriting, offer collection from multiple buyers, and the mandatory rescission period.
Ready to Explore Life Settlements in Indiana?
Contact us for a complimentary, no-obligation policy appraisal for your Indiana clients. We typically respond within 24 hours.