Qualify for a Life Settlement with a quick evaluation today! SettlementDirect can quickly review your life insurance policy and medical condition anddetermine if you qualify for a Life Settlement Today!
Evaluating your life settlement potential requires reviewing the policy and insured’s medical condition without a medical exam.
Policy & Carrier Rating
Qualify for a Life Settlement
A Life insurance policy must be originated over 2 years ago to qualify for a life settlement. In addition to the policy’s age, a life insurance company must rated B+ or higher by a professional rating agency to qualify for a life settlement.
Minimum Policy Face Amount
Life Settlement investors prefer life insurance policies with face amounts over $50,000 or $500,000 in the case of institutional investors. Therefore, these face amount ranges provide potentially good investments.
Most Life Insurance qualifiesfor a life settlement including: Term, Whole Life, Universal Life, Joint, Group policies.
Policy Premium Payments
Premium payments determine the cost an company charges to keep a policy in-force. Life Insurance companies require premium payments typically paid monthly, quarterly or yearly to provide coverage. Life Settlement investors prefer policies with lower premium payments related to the policy death benefit.
Each policy provides life insurance coverage for a specific individual for whom the policy covers. The policy provides a cash payment in the event of the insured’s death.
The insured’s medical issues are an important factor for qualifying for a life settlement. Many seniors suffer from numerous medical issues which makes reviewing medical conditions more difficult. SettlementDirect can make this process quick and easy by retrieving medical records directly from each health care physician.