| Home / Research / FAQs about Life Settlements |
Q. How do life settlements work?
A. Most companies will ask you to complete an application and medical release
forms so that they can gather information from your life insurance company
and your doctors. All the information gathered must be kept confidential
and cannot be given to anyone without your written approval. Offers will
be based on how long you are expected to live, the amount you pay for your
premiums, the rating of your insurance company, and your policy’s provisions
(i.e. waiver of premium). It is highly recommended that you contact a
financial advisor or licensed life insurance agent to assist you with the process.
|
I’m over 65 and I no longer need or want my life
insurance policy. The policy’s death value is $250,000 or greater, and I would like to
see how much is it worth to me as a senior settlement,