Who is a good candidate for a Life Settlement?
Life settlements are for qualified policy owners who have an unneeded, unwanted or unaffordable life insurance policy. Generally, the minimum requirements for a good life settlement case involve an insured age 65 or older with an in-force life policy face amount of at least $250,000. The insured should have a life expectancy of between two and 18 years and have experienced a change for the worse in insurability since policy issue. The policy owner should have no catastrophic illness or life threatening condition considered likely to result in death within 24 months.
