Life Settlement Minimum Qualifications
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:
- Minimum age of insured: 65 years old for healthy insureds or any age for terminally ill insureds
- Minimum policy size: $50,000
- Life insurance policy must be beyond contestability period
- Policy types: Universal Life, Whole Life, Universal Life, First to Die (Joint Life Insurance), Second to Die (Survivorship), Key Man & Convertible Term Policies
- Insurance carrier rating: USA based carrier with B+ or better rating from S&P (or comparable)
Please feel free to contact us if you have any questions or are unsure if you qualify for a life settlement.
***Amrita Financial currently does not facilitate variable life insurance policy life settlement transactions
Categories: