What is a good candidate for a Life Settlement?


When evaluating your own policy or a client’s policy for a potential life settlement, how does one know if the policy qualifies? Are there specific parameters one must fit in to be an eligible candidate for a life settlement?

Some of the key factors for a policy to be a good candidate for a life settlement are as follows:

  • Insured is 65 years of age or above
  • Policy is either a Term, Whole life or Universal Life policy
  • Policy has a face amount over $100,000
  • The policy is no longer needed, wanted or affordable
  • If the policy may be surrendered or lapsed
  • A term policy that will not be converted to a permanent policy by the owner
  • Policy has been in force for at least 2 years

Although there are certain parameters to be eligible for a life insurance settlement, each case is evaluated on a case by case basis. We strongly advise anyone considering a possible settlement, even if you may have been told the policy may not be a candidate, to give us a call.

Successful Settlements

  • 86 year old female
    Policy Face Amount: $500,000 Cash Surrender Value: $0 Genesis Procured: $150,000 An eighty six year old woman with a $500,000 policy no longer required the …