Welcome Life Securities Account Type

Welcome Life Securities, LLC (WLS) offers a specialized service focused on viatical and life settlement brokerage. Unlike traditional brokerage accounts, WLS does not provide standard brokerage services or investment monitoring. Instead, WLS facilitates the sale of life insurance policies in the secondary market, representing the best interests of policy owners. This service is tailored for individuals looking to sell their variable life insurance policies to third-party buyers, ensuring a transparent auction process to obtain competitive market offers.

Welcome Life Securities Broker Account Opening Process

Opening an account with Welcome Life Securities involves a straightforward process:

• Contact WLS: Reach out to WLS to express your interest in utilizing their viatical/life settlement brokerage services.

• Provide Required Information: You will need to provide personal information, including your name, contact details, and policy information. This information is necessary for WLS to assess your situation and facilitate the sale of your life insurance policy.

• Review and Sign Agreements: Once your information is processed, you will receive the necessary agreements and disclosures. Carefully review these documents before signing.

• Submit Documents: Return the signed documents to WLS to officially establish your relationship.

• Engage in the Settlement Process: After your account is set up, WLS will conduct a transparent auction with state-licensed viatical/life settlement providers to secure the best offers for your policy.

• Receive Offers: WLS will present you with the offers obtained from the auction, allowing you to choose the best option for selling your policy.

• Complete the Transaction: If you accept an offer, WLS will assist you in facilitating the sale of your policy to the chosen provider.

For additional information on fees and the specifics of the viatical/life settlement process, please refer to WLS's official resources.