Maryland Life Settlements
Maryland's mature insurance market and strong consumer protection laws create a favorable environment for life settlements. Accelerated Life Solutions is licensed in Maryland to help financial advisors and policyholders maximize the value of unwanted policies.
Life Settlement Laws in Maryland
Maryland regulates life settlements under the Maryland Life Settlement Act (Insurance Article §8-601 et seq.). The Maryland Insurance Administration provides comprehensive oversight, enforcing strict licensing requirements and consumer protections for all market participants.
- Brokers and providers must be licensed by the Maryland Insurance Administration
- 15-day rescission period after the policyholder signs the settlement agreement
- Two-year waiting period from policy issuance before settlement eligibility
- Comprehensive disclosure requirements including all offers, fees, and alternatives
- Strong anti-STOLI provisions prevent investor-initiated policy origination
- Required notification to the insurance carrier upon completion of the settlement
Regulatory Framework
Maryland 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 Maryland.
Consumer Protections
Maryland law mandates full disclosure, rescission periods, and privacy protections for all life settlement transactions — ensuring your clients are fully informed.
Commonly Accepted in Maryland?
Maryland's proximity to Washington D.C. means many residents hold federal employee group life insurance (FEGLI) that may be convertible and eligible for settlement.
How Accelerated Life Solutions Serves Maryland Advisors
We partner exclusively with financial professionals in Maryland — financial advisors, CPAs, estate attorneys, and insurance agents — to deliver fully compliant, transparent, and competitive life settlement outcomes.
Our Maryland 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 Maryland?
Yes, life settlements are legal and regulated in Maryland under the Maryland Life Settlement Act (Insurance Article §8-601 et seq.). The Maryland Insurance Administration licenses all brokers and providers and enforces comprehensive consumer protections.
Can federal retirees in Maryland sell their life insurance?
Potentially, yes. Many federal retirees hold group life insurance through FEGLI that can be converted to individual policies. Once converted, these policies may qualify for life settlement if they meet face value and other eligibility requirements.
What is the minimum policy size for a life settlement in Maryland?
While there is no statutory minimum, policies with a face value of $100,000 or more are generally attractive to settlement buyers. Larger face values typically yield more competitive offers and a wider pool of interested buyers.
How does Maryland protect consumers in life settlement transactions?
Maryland requires full disclosure of all offers and fees, mandates a 15-day rescission period, requires broker licensing, enforces anti-fraud provisions, and ensures policyholders are informed of alternatives before proceeding with a settlement.
How quickly will I receive funds from a life settlement in Maryland?
After the 15-day rescission period expires and all paperwork is complete, funds are typically disbursed within 3 to 5 business days. The full process from application to funding usually takes 60 to 90 days.
Ready to Explore Life Settlements in Maryland?
Contact us for a complimentary, no-obligation policy appraisal for your Maryland clients. We typically respond within 24 hours.