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Whether you qualify for a senior settlement or not depends on
the type of life insurance, the age and health of the insured
and the amount of premiums needed every year.
Applicants
The
most significant aspects, which determine the settlement amount
are the combined effect of the health and age of the insured.
If the life insurance is a survivorship policy, the age and
health of both insured individuals is will be considered.
Healthy seniors in their seventies would qualify and seniors
as young as 65 may qualify if other health circumstances provide
for a limited life expectancy.
Policies
The
amount of life insurance premiums plays a major role in determining
the offer in a senior settlement. The lower the annual premium
amount, the higher the settlement offer. Most
life insurance policies can be sold, including:
Term life insurance
Whole
life insurance
Universal
life insurance
Individual
policies insurance
Group
policies insurance
Corporate
policies insurance
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