Important information you should know before working with a life settlement broker.
Last updated: September 17, 2026
Allan Silverman is a life settlement broker who represents the policyowner in a life settlement transaction. He does not represent the buyer. His role is to shop your policy to multiple licensed buyers and negotiate the highest possible offer on your behalf.
As your broker, Allan has a fiduciary duty to act in your best interest throughout the transaction.
Allan Silverman is compensated from the proceeds of the life settlement transaction. His fee is a percentage of the settlement amount, paid at closing from the buyer's funds. You do not pay any upfront fees or out-of-pocket costs.
Because compensation is based on the settlement amount, Allan's financial incentive is aligned with yours: the higher the settlement he secures for you, the higher his compensation. This structure is designed to motivate the broker to maximize your payout.
You will receive full disclosure of the settlement amount and broker compensation before signing any closing documents, as required by state law.
Settlement outcomes vary based on age, health, policy type, and market conditions. Past results do not guarantee future outcomes. The case studies and examples shown on this website are illustrative and based on real client outcomes, but your results may differ.
Factors that affect your settlement amount include:
A life settlement is one of several options for managing an unwanted or unaffordable life insurance policy. You should be aware of the alternatives before making a decision:
Life settlement proceeds may be subject to federal and state taxes. The tax treatment depends on your specific circumstances, including the total premiums you have paid, the policy's cash surrender value, and the settlement amount received.
Generally, the portion of the proceeds up to your total premiums paid (your cost basis) may be tax-free. The portion between your cost basis and the cash surrender value may be taxed as ordinary income. The portion above the cash surrender value may be taxed as capital gains.
However, tax laws are complex and subject to change. We strongly recommend consulting with a qualified tax advisor before completing a life settlement transaction.
All information provided on this website and during consultations is for general educational purposes only. It is not intended as, and should not be relied upon as, financial advice, tax advice, legal advice, or investment advice.
You should consult with qualified financial, tax, and legal professionals before making any decision about selling your life insurance policy. Allan Silverman can explain the life settlement process and help you understand what to expect, but he does not provide financial, tax, or legal advice.
Your personal, health, and financial information is kept strictly confidential. It is shared only with licensed buyers who need it to evaluate your policy, and all buyers are bound by confidentiality obligations. We never sell or share your information for marketing purposes.
Most state regulations provide a rescission period, typically 15 to 30 days after signing the settlement agreement, during which you can cancel the transaction without penalty. The specific rescission rights available to you depend on your state of residence. Allan will explain your applicable rights before you sign anything.
Allan Silverman is a California licensed life settlement broker:
Broker: Allan Silverman
License Type: California Life Settlement Broker
License Number: CA Insurance License #0379802
License Status: Active, Resident
Location: Huntington Beach, California
Verified: California Department of Insurance, September 17, 2026
Life settlements are regulated by state insurance departments. Licensing requirements and regulations vary by state. Allan operates in full compliance with all applicable state laws and regulations.
If you have questions about any of these disclosures, please contact Allan Silverman directly:
Phone: (714) 271-2223
Location: Huntington Beach, California
License: CA Insurance License #0379802