A senior life settlement is the sale of an unwanted, underperforming, or obsolete life insurance contract by an elderly individual to a third party for an amount less than the face value but in excess of the cash surrender value. Life settlements exist out of the need for seniors to attain access to the life insurance death benefit while still living. With a life settlement, the insured has a medically determined life expectancy of at least three years or longer.
Who is an ideal candidate for a life settlement?
Over the next several weeks, we will be sharing with you a series of educational emails designed to help you better understand the life settlement market, the characteristics of an ideal candidate, and our complete process for selling an unwanted or unneeded life insurance policy. Please subscribe to Ohlson Group emails to receive more life settlement resources.
In the meantime, I encourage you to visit our website at lsa-llc.com for more content designed specifically for financial professionals like you. If you have any questions, or want immediate help examining a potential case, do not hesitate to respond to this email or call me anytime!
Who is an ideal candidate for a life settlement?
- The ideal client is a male or female in their mid-70’s or older that has had a change in health since the policy was issued. Term policies can be sold as long as they are convertible.
- An exception to this guideline would be a male or female in their 60’s to early 70’s that has multiple chronic medical conditions and a significant health change has taken place since the policy was issued.
- The most common life insurance policy sold is universal life. Minimum death benefit is $100,000.00.
Over the next several weeks, we will be sharing with you a series of educational emails designed to help you better understand the life settlement market, the characteristics of an ideal candidate, and our complete process for selling an unwanted or unneeded life insurance policy. Please subscribe to Ohlson Group emails to receive more life settlement resources.
In the meantime, I encourage you to visit our website at lsa-llc.com for more content designed specifically for financial professionals like you. If you have any questions, or want immediate help examining a potential case, do not hesitate to respond to this email or call me anytime!
 | Leo LaGrotte Life Settlement Advisors, LLC 4630 Lisborn Drive Carmel, Indiana 46033 [email protected] 1-888-849-0887 Click here to learn more about Life Settlement Advisors: |
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