Who Qualifies for a Life Settlement?
- Typical criteria for the owner of a life-insurance policy to qualify for a life-settlement transaction include:
- Policy face value minimum of $150,000--no maximum value
- No medical exam or physical required
- Age must be over 55; however, typical clients are over the age of 65
- Policy must have been in effect a minimum of two years
- Owners of Insurance policy types Universal Life, Convertible-Term Life, Whole Life, Variable Life, Adjustable Life, or Join-First-to-Die policies may qualify
- Life expectancy of 12 years or less
A Life Settlement is the sale of an existing life insurance policy to a financial institution in exchange of a lump-sum cash payment which is typically significantly higher than the cash surrender value.
Call us at 800-123-4567 or email us at LifeSettlementsHQ.com to learn about how to obtain the maximum possible payout from your life insurance policy today.
