Who Qualifies for Life settlements?
- Clients who are 65 or older.
- A life insurance policy with a face amount of at least $500,000.
- A change in health has occurred since the policy was issued.
A Life Settlement can be a good option for a variety of reasons which include:
- Policyowner may have outlived the risk insured against.
- Spouse has passed away.
- Business partnership has dissolved.
- Key employee has retired.