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Terms of Use
Effective Date: January 2, 2025
Welcome to Settle Life, Inc. (“Settle,” “we,” “our,” or “us”). These Terms of Use (“Terms”) govern your use of our online life settlement marketplace and related services provided through our website (the “Platform”). By accessing or using the Platform, you agree to these Terms. If you do not agree, do not use the Platform.
1.1 Marketplace Services: Settle facilitates the sale and purchase of life insurance policies by connecting policy owners, investors, and agents. Our Platform provides tools for policy listing, bid management, and transaction support to enable efficient and transparent life settlement transactions.
1.2 Advisory Role: Settle does not provide financial, legal, or tax advice. Any information provided on the Platform is for informational purposes only. Users should consult with professional advisors to evaluate life settlement opportunities.
1.3 No Agency Relationship: Use of the Platform does not create any agency, partnership, or joint venture relationship between Settle and its users.
1.4 Limitations: Settle does not guarantee the sale, purchase, or transfer of any life insurance policy through the Platform. The success of transactions depends on market conditions, user actions, and other external factors.
2.1 User Requirements: You must be at least 18 years old, legally capable of entering into binding contracts, and comply with applicable laws to use the Platform.
2.2 Compliance with Laws: You are solely responsible for ensuring that your use of the Platform complies with all laws and regulations, including those related to life settlements, in your jurisdiction.
2.3 Prohibited Users: The Platform is not available to individuals or entities who have been previously banned or restricted by Settle, or to residents of jurisdictions where life settlements are not legally permitted.
3.1 Registration: To access certain features of the Platform, you must create an account. When registering, you agree to provide accurate, current, and complete information and to update it promptly if it changes.
3.2 Account Security: You are responsible for maintaining the confidentiality of your login credentials and for any activity under your account. Notify Settle immediately of any unauthorized use or security breaches.
3.3 Account Suspension: Settle reserves the right to suspend or terminate accounts for any violation of these Terms or for engaging in fraudulent or illegal activity.
4.1 Truthful Information: Users must provide truthful and accurate information about themselves, their financial situation, and any life insurance policies listed on the Platform. Misrepresentation may result in account termination and legal action.
4.2 Due Diligence: Users are responsible for conducting their own research and due diligence regarding life settlements, including verifying the authenticity and value of policies and evaluating potential buyers or sellers.
4.3 Prohibited Activities: Users agree not to:
5.1 Service Fees: Settle may charge service fees for policy listings, transaction support, or other services. Fees will be disclosed prior to your use of the respective service and may vary based on the type of user and transaction.
5.2 Payment Terms: Payments for services are processed through third-party payment providers. By using the Platform, you agree to the provider’s terms of service and privacy policy.
5.3 Refund Policy: Service fees are non-refundable unless expressly stated otherwise or required by law.
5.4 Taxes: You are responsible for any taxes or fees associated with your use of the Platform and any transactions completed through it.
6.1 Data Collection: By using the Platform, you consent to the collection, use, and processing of your personal information as outlined in our Privacy Policy.
6.2 Sharing with Third Parties: Information shared on the Platform, including policy details, may be disclosed to third parties such as buyers, investors, agents, or service providers, as required to facilitate transactions.
6.3 Data Security: While Settle implements measures to protect user data, it cannot guarantee absolute security. Users acknowledge and accept the inherent risks of sharing data online.
7.1 Ownership: All content on the Platform, including trademarks, logos, text, graphics, and software, is the property of Settle or its licensors and is protected under intellectual property laws.
7.2 User Content: By submitting content to the Platform, you grant Settle a non-exclusive, worldwide, royalty-free license to use, display, and distribute such content for the purposes of providing services.
7.3 Restrictions: Users may not copy, modify, distribute, or create derivative works based on the Platform’s content without prior written permission from Settle.
8.1 No Guarantees: Settle does not guarantee the availability, accuracy, or reliability of the Platform or its services.
8.2 Disclaimer: To the fullest extent permitted by law, Settle disclaims all warranties, express or implied, including merchantability, fitness for a particular purpose, and non-infringement.
8.3 Liability Cap: Settle’s total liability to any user shall not exceed the amount of fees paid by the user to Settle in the 12 months preceding the claim.
8.4 No Indirect Damages: Settle shall not be liable for any indirect, incidental, special, or consequential damages arising from the use of the Platform.
Users agree to indemnify, defend, and hold harmless Settle and its affiliates, officers, and employees from any claims, damages, losses, or expenses arising from:
10.1 Termination by Settle: Settle may suspend or terminate your access to the Platform at any time for violations of these Terms, misuse of the Platform, or legal compliance reasons.
10.2 Termination by User: You may terminate your account by contacting us. Upon termination, your access to the Platform will cease, but certain obligations under these Terms, such as payment and indemnification, will survive.
11.1 Governing Law: These Terms are governed by the laws of the State of Texas, without regard to conflict of laws principles.
11.2 Arbitration: Any disputes shall be resolved through binding arbitration under the rules of the American Arbitration Association. Arbitration shall occur in Fort Worth, Texas, and the decision shall be final and binding.
11.3 Class Action Waiver: Users agree to resolve disputes on an individual basis and waive the right to participate in class actions.
12.1 Regulatory Compliance: Settle Life, Inc. complies with all applicable regulations under the Texas Insurance Code and the Texas Department of Insurance.
12.2 Consumer Rights: Texas residents are entitled to specific disclosures and consumer protections when engaging in life settlement transactions. Contact Settle for additional information about your rights.
13.1 Right to Cancel: Policyholders have the right to cancel life settlement agreements within [Insert Number] days after execution, in accordance with applicable laws.
13.2 Transparency: Settle is committed to transparency and provides detailed transaction summaries, fees, and relevant documentation to all parties involved.
13.3 Professional Advice: Users are encouraged to consult with legal, financial, or tax advisors before proceeding with any life settlement transaction.
14.1 Role of Intermediaries: Third-party intermediaries, including brokers and advisors, are responsible for ensuring compliance with applicable laws and providing accurate information to their clients.
14.2 Liability: Settle is not responsible for the actions or omissions of third parties involved in transactions facilitated through the Platform.
15.1 Retention Period: Settle retains user data and transaction records for [Insert Number] years to comply with legal and regulatory requirements.
15.2 Access to Records: Users may request access to their transaction records during the retention period by contacting Settle.
16.1 Methods of Communication: Settle will communicate with users via email, Platform notifications, or other electronic means. Ensure your contact information is current.
16.2 Legal Notices: Any legal notices shall be sent to Settle’s registered address: 969 Commerce St, Fort Worth, Texas 76102.
Settle may update these Terms at any time by posting the revised version on the Platform. The updated Terms will become effective on the “Effective Date.” Continued use of the Platform signifies your acceptance of the changes.
For questions or concerns, please contact us:
Settle Life, Inc.
Address: 969 Commerce St, Fort Worth, Texas 76102
Website: settlewealth.com
Email: support@settlewealth.com
Phone: 1-800-702-4061
