Spiga

Typical Life Settlement Characteristics

Wednesday, June 4, 2008 at 5:38 PM Posted by Dan Williams

  • Financial situation/needs change effecting insured (see label - When Appropriate)
  • 65 years and older; average mid-to-late 70's
  • Life expectancy greater than 3 years to approximately 17 years; average is about 10 years (no terminal illness or chronic/catastrophic conditions)
  • Policy types - 1. Universal Life policy's are most common 2. Survivorship 3. Term (convertible) 4. Whole Life
  • Carrier has a BB rating or better
  • Policy face value minimum - $250,000
  • Policy is beyond the contestable period (2 years)

Labels:

2 comments:

Neetu

June 20, 2011 at 2:35 AM

I agree that every person do have their own set of needs and requirements and so a policy can't fit to two or more person. Every one do have different policy set according to their requirement placed. Above all the type of life insurances I find whole will suit me best.
commercial insurance quote

Neetu

June 20, 2011 at 2:35 AM

I agree that every person do have their own set of needs and requirements and so a policy can't fit to two or more person. Every one do have different policy set according to their requirement placed. Above all the type of life insurances I find whole will suit me best.
commercial insurance quote

Post a Comment

Subscribe to: Post Comments (Atom)