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The Life Settlement Agreement is utilized when a policyholder wishes to sell their life insurance policy to a third party for an amount exceeding the policy's surrender value but less than its death benefit. This document, governed by Swiss law, is essential for transactions in the secondary market for life insurance policies. It includes comprehensive provisions covering the transfer process, pricing mechanisms, regulatory compliance, and ongoing obligations of all parties. The agreement must comply with Swiss insurance regulations, financial market laws, and data protection requirements, making it particularly relevant for institutional investors, insurance companies, and financial intermediaries operating in Switzerland. The document typically involves detailed due diligence requirements, medical information handling protocols, and specific provisions required under Swiss financial services regulations.

1. Parties: Identification of all parties to the agreement including the policy owner (seller), purchaser, and any intermediaries

2. Background: Context of the transaction, including brief description of the existing life insurance policy and intention to settle

3. Definitions: Definitions of key terms used throughout the agreement

4. Purchase and Sale: Core transaction terms including purchase price, payment terms, and what is being transferred

5. Conditions Precedent: Conditions that must be satisfied before the agreement becomes effective

6. Closing and Transfer: Process and requirements for completing the transfer of the policy

7. Representations and Warranties: Statements of fact and guarantees by both parties, including seller's authority to transfer and accuracy of policy information

8. Seller's Obligations: Ongoing obligations of the seller, including cooperation with transfer process and disclosure requirements

9. Purchaser's Obligations: Obligations of the purchaser, including payment terms and maintaining policy post-transfer

10. Confidentiality and Data Protection: Provisions regarding handling of personal and medical information

11. Regulatory Compliance: Compliance with applicable Swiss laws and regulations

12. Termination: Circumstances under which the agreement can be terminated and consequences

13. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes

14. Miscellaneous: Standard boilerplate provisions including notices, amendments, and severability