What Settlement Benefits Association does

Settlement Benefits Association is a privately held life settlement broker founded in 2002 and headquartered in Conshohocken, Pennsylvania, operating under parent entity Settlement Benefits Holdings, LLC. The firm serves U.S. seniors aged 65 and older who hold individual life insurance policies with face values of $100,000 or more, acting as an intermediary that auctions policies to institutional funding groups rather than writing or assuming risk itself. The company has reviewed nearly $5 billion in cumulative face value since inception and maintains placement relationships with more than 20 institutional funding groups, while operating in 45 states with explicit exclusion of Alaska, Nebraska, New Hampshire, North Dakota, and West Virginia.

The business is built around a proprietary technology stack that includes the Visual Valuator (estimated policy value), an Online Application, a Tax Estimator, and the LSTAR Partner Portal for agent/advisor distribution. Founder-led under Noam Weiss and Adam Lippman, the firm has structured distribution through three subsidiaries — Lighthouse Life Solutions, Lighthouse Life Direct, and Harbor Life Settlements — to segment by customer type. Recent product expansion has added Long Term Care Benefit Plans and Medicaid Life Settlements to the core life settlement offer, extending the firm into adjacent senior-benefit verticals.

Economically, the company operates as a commission-based broker, earning transaction fees on successfully placed policies between policyholders and institutional buyers. The 11–50 employee range, combined with a partner/advisor-led distribution model and proprietary tooling, suggests a thin headcount-to-throughput ratio. No external funding rounds, AI/ML capabilities, or public revenue disclosures were identified, leaving the unit economics largely inferred from volume proxies and the niche, mature nature of the life settlement intermediary market.

Name

Settlement Benefits Association

Legal name

Settlement Benefits Holdings, LLC

Website

https://settlementbenefits.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Settlement Benefits Association is a U.S. life settlement broker that auctions policies of seniors 65+ with $100,000+ face value to 20+ institutional funding groups across 45 states.

Ownership category

akta.pro rank

Product category

Life Settlement Brokerage

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Claims Advocacy & Loss Recovery Services (FSAEADAH)

Keywords

• Life settlement brokerage
• Viatical settlement services
• Life insurance resale
• Policy valuation services
• Senior insurance solutions

Headquarters

HQ city

Royal Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Life Settlement Brokerage Commissions: The company acts as a life settlement broker, earning commissions when policy owners complete life settlement transactions. Financial professionals who refer clients can set their own commission rates. The company creates competition among buyers to maximize policy value, taking a portion as broker compensation.
2. Referral Fees to Financial Professionals: Insurance agents, financial planners, and other financial professionals earn referral fees/commissions for each life settlement transaction they facilitate. Partners can determine their own commission levels based on their client relationships and the flexibility of the settlement structure.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Settlement Benefits Association is a licensed life settlement broker that helps policy owners aged 65 and older (and chronically or terminally ill individuals of any age) sell their life insurance policies on the secondary market for cash settlements exceeding the policy's cash surrender value. The company brokers transactions by aggregating cases across a network of more than 20 institutional funding groups to drive competitive bidding, then handles policy appraisal, medical records gathering, underwriting, offer negotiation, and closing at no cost or obligation to the policy owner.

Product overview

Settlement Benefits Association operates as a licensed life settlement broker offering a platform centered on Life Settlements and Viatical Settlements as its core products. The company has developed proprietary tools including the Visual Valuator for instant policy valuation, an Online Application system for expedited appraisals, a Tax Estimator for tax planning, and an LSTAR Partner Login portal for financial professional case tracking. Additional offerings include Long Term Care Benefit Plans (converting policies into senior care payment accounts) and Medicaid Life Settlements. The unified platform enables policyowners aged 65+ or those with qualifying health conditions to maximize the value of their life insurance policies through competitive bidding from a network of over 20 funding groups.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Settlements Core brokerage service that enables individuals aged 65 or older to sell their life insurance policy on the secondary market for a cash settlement that exceeds the cash surrender value, with settlements typically delivered in 2-6 weeks.
• Viatical Settlements Settlement option for chronically or terminally ill individuals of any age, allowing them to sell their life insurance policy for immediate cash to cover medical expenses or other needs.
• Long Term Care Benefit Plans Service that converts life insurance policies into irrevocable Benefit Accounts that make monthly payments for senior care expenses including home care, assisted living, nursing home, and hospice, with remaining balances paid to beneficiaries.
• Medicaid Life Settlements Service for individuals about to begin Medicaid that leverages existing life insurance policies as a funding mechanism, allowing the policy to provide for the policy owner's needs rather than lapsing or losing value.

Quantifiable outcome

• Life settlements pay 7.8 times higher than cash surrender value on average
• +1 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Lighthouse Life Solutions, LLCcoreOthersLicensed purchaser of life insurance policies. Lighthouse Life Solutions, LLC is an affiliate of Settlement Benefits Holdings, LLC. The company refers qualified policy owners to Lighthouse Life Solutions and other licensed purchasers for settlement transactions.
• Lighthouse Life Direct, LLCminorOthersAffiliated company under common ownership or management. Personal information may be shared with affiliated entities for the purpose of providing life settlement services or other financial products.
• Harbor Life Settlements, LLCminorOthersAffiliated company under common ownership or management. Personal information may be shared with affiliated entities for the purpose of providing life settlement services or other financial products.
• Home Equity Investment PartnersminorOthersThird-party business partners offering complementary financial products. With policy owner consent, contact information may be shared with authorized partners who offer home equity investment products, reverse mortgage products, and senior financial planning services.
• Reverse Mortgage Product ProvidersminorOthersThird-party business partners offering reverse mortgage products. With policy owner consent, contact information may be shared with authorized partners offering reverse mortgage products for homeowners and policyowners.
• Senior Financial Planning Advisory ServicesminorOthersThird-party business partners offering senior financial planning and advisory services. With policy owner consent, contact information may be shared with partners who offer complementary financial products for seniors.
• WebFXminorOthersDigital marketing agency headquartered in Harrisburg, PA that designed the Settlement Benefits Association website. WebFX has won dozens of awards for digital marketing campaigns and web designs.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Asurea: Asurea is a life settlement broker focused on helping seniors evaluate and sell existing life insurance policies, mirroring SBA's core brokerage model and target customer (policy owners 65+).
• American Life Fund: American Life Fund is a direct-to-consumer life and viatical settlement broker operating in the same niche as SBA, with similar focus on senior policy owners and terminally ill individuals.
• Coventry Direct: Coventry Direct is a life settlement broker that purchases or facilitates the sale of policies for senior owners, operating a comparable consumer-facing and financial-professional channel strategy to SBA.
• Life Settlement Advisors: Life Settlement Advisors acts as an independent broker helping policy owners obtain competing offers from multiple providers, directly comparable to SBA's multi-funding-group independent brokerage model.
• Lifeline Financial: Lifeline Financial is a life settlement broker serving seniors with unwanted or unaffordable policies, comparable to SBA in target customer, product offering, and channel-led GTM.

Broad incumbents

• Abacus Life: Abacus Life (formerly Abacus Settlements) is a larger, vertically integrated life settlement provider and capital partner; comparable as a counterparty funding group and adjacent competitor for SBA-sourced policies.
• Magna Life Settlements: Magna Life Settlements was a major institutional life settlement provider and is referenced in SBA's own team bios as a former employer of key staff; it represents the institutional funding-side counterpart that SBA's broker model interfaces with.
• GWG Holdings / Beneficient: GWG Holdings (now operating through Beneficient) was one of the largest institutional buyers and providers in the life settlement secondary market, comparable as a capital-side incumbent in SBA's transaction flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/settlement-benefits-association
• Instagraminstagram.com/webfx
• Xx.com/BrokeringLife
• Facebookfacebook.com/SettlementBenefits

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Settlement Benefits Association