In order to assess whether you are eligible for a life settlement, our experience suggests the insured should be 65 years of age or older and have some medical impairments. Additionally the insurance company that issued the policy is “A” rated or better and the policy death benefit is $250,000 or greater.

Qualification factors of a life settlement: 

• Age of the Insured
• Health of the Insured
• Type of Insurance Policy
• Life Insurance Policy Premium
• Life Insurance Policy Death Benefit (a.k.a. Size of Policy)
• Insurance Company Rating

Details about the qualification factors of a life settlement: 

• Age of the Insured
  • Seniors over the age of 65. Those under the age of 65 may qualify depending on medical condition. Typically, investors are interested in life insurance policies of individuals who are older in age.
• Health of the Insured
  • Medical records will be requested and kept confidential. Generally, Institutional Funds prefer to have medical records that support a life expectancy of 8-12 years.
• Type of Insurance Policy
  • Any types of insurance policies (ex: universal life, whole life, term life, group life) can be assessed.
  • If the policy is a Term policy, it must be able to be converted or changed into a permanent policy.
• Life Insurance Policy Premium
  • Generally, institutional buyers prefer to see a premium to death benefit ratio of 6% or less.
• Life Insurance Policy Death Benefit
  • The policy should have a face value of at least $250,000 to attract more attention from the Institutional Market.
• Insurance Company Rating
  • Institutional buyers prefer to purchase policies used by “A” rated insurance companies.