DO YOU QUALIFY?
Who Are Ideal Candidates for a Life Settlement?
An ideal candidate for life settlement includes:
- An insured over the age of seventy (70) with an in-force Universal Life (UL), Variable Universal Life (VUL), Survivorship (SUL or SVUL), Term Life, or Whole Life insurance policy with a minimum face amount $500,000.
- The need for liquidity outweighs their need for insurance coverage and the policy has been in force for at least 2 years.
- The life insurance policy must be issued by an Insurance Carrier with a credit rating of “A” or better by AM Best.
Ultimately, the final amount paid is determined by many factors including the size, cost and type of policy, as well as the age and relative health of the insured.
