Qualifying for a Life Settlement

Qualifying for a Life Settlement

When maintaining a Life policy becomes a challenge, it may be time to consider a Life Settlement. Your client has paid the policy for years and it likely holds value. Do not let you clients lapse or surrender their policy when there is another option to consider. There are a variety of Life Insurance policies that may qualify for a Life Settlement. Each case is unique, but generally there are a few things to consider, including:

Type of Policy 

  • Indexed Universal Life
  • Whole Life
  • Convertible Term
  • Non Convertible Term
  • Joint Survivorship Policies
  • Variable Life

Insured’s Age

Ages 65 or older (some younger policies can qualify)

Face Amount

$100,000 – $100,000,000+ (The larger the policy the larger potentail value of the Life Settlement)

Health Status

  • A moderate or major change in the Insured’s health since policy issue.
  • A more significant change in health since policy issue creates more value in a Life Settlement


  • Cash Settlements
  • Retained Death Benefits
  • Satisfaction Guarantee
  • No Special License needed (certain states)

Insurance Advisors can assist with licensing, contracting, and the sales process, helping you determine if this is the best option. Reach out today to get started.

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