Frequently Asked Questions

What started the industry?
The United States Supreme Court ruled that life insurance is a form of personal property and should be freely transferable. In the case of Grisby vs. Russell, the ruling permits the owner of a life insurance policy to sell their policy just as they would any other asset they own. This ruling gave a legal green light to seniors to competitively sell their life insurance policies.

What do I own?
You have a legally assigned interest in each of the policies in which you have placed a position through the OFG Trust. This identifies the amount of your payment from the assignment when the life insurance company pays the claim after the policy matures.

Will I be taxed if I use my IRA or 401K money to purchase life settlements?
No. Your IRA account is the owner of the position if you use retirement funds. Once money is paid out, it is disbursed directly to your IRA, not to you.

How will I know when a policy matures?
Upon the passing of an insured individual, you will be contacted by The Oxford Financial Group and/or the escrow agent.