A life settlement seems pretty straightforward to the outsider looking in. Someone has a life insurance policy they want to sell and a financial institution wants to buy it. A price is agreed upon, the transaction is completed and the sale is made. Easy enough, right?

There are a few minimum qualifications that all policy sellers must meet. Although, meeting these criteria is not a guarantee that a policy can be sold, these will only determine if someone is eligible for a life settlement. For an instant life insurance policy appraisal please use our life settlement calculator. The minimum life settlement qualifications are:

1. Minimum age of insured: 65 years old for healthy insureds or any age for terminally ill insureds
2. Minimum policy size: $50,000

Cash out life insurance, cashing in life insurance policy or cash in life insurance are all terms commonly used to describe life settlements due to the large sums of money that are available for unwanted policies. However, people who cash life insurance in for an immediate payment should be aware that there are some noteworthy considerations. When someone tries to cash out life insurance in a life settlement, it is very important to remember each situation is different.

The life settlement process is straight forward but takes time to do correctly. Amrita Financial's online life settlement system spells out each step of the process while ensuring you have total control and access to all important information. The life insurance settlement process follows the steps outlined below:

1. Appraise: Use our online life settlement appraisal tool to get an instant estimate of your life insurance policy's value in a life settlement and potential demand from buyers.
   Estimated time for completion = 30 seconds
2. Create an account and list a policy: Register online to set up an Amrita Financial account. Once registered you can list a life insurance policy to sell.
   Estimated time for completion = 2-3 minutes