Who qualifies
Age, coverage, policy types and how health plays in.
Can a term life insurance policy qualify for a settlement?
Yes, a term life insurance policy can sometimes qualify for a life settlement, but only under certain conditions. In most cases, the policy must be convertible, meaning it can be converted into a permanent policy—such as universal life—without requiring a new medical exam.
Do age and health play a role in eligibility and pricing?
Yes, age and health are two of the most important factors that influence both eligibility and the potential value of a life settlement. Buyers use this information to estimate how long the policy may remain active and how many future premium payments may be required.
What is the minimum face value needed to qualify?
Most life settlement buyers prefer policies with a face value of at least $100,000, although some policies with slightly lower coverage amounts may still qualify depending on factors such as premium costs, the insured person’s age, and overall policy structure.
Who is eligible to sell their life insurance policy?
Eligibility to sell a life insurance policy through Settle depends on several factors, including the policyholder’s age, health, policy type, and the structure of the coverage.
