Life
Settlements - Are You a Candidate?
We
represent numerous funding sources and will work hard to find a settlement
offer for you!
A Life
Settlement allows:
- The owner and/or
beneficiary to forgo the ongoing premium obligations.
- The owner and/or
beneficiary to generate new found wealth for a policy previously
considered a liability.
- The new owner now
has the full right to be the beneficiary of the acquired policy.
- When the person
named in the policy passes away, the beneficiary (the new owner),
receives the policy benefit.
Life
Settlement Qualification Criteria
Below
is some basic life settlement qualifications, however, each individual
case is looked at differently. We recommend you Contact
Us
or fill out our online evaluation form (see below) to receive your
free consultation with a Life Settlement Professional.
Face
Value (Death Benefit): |
$100,000
- no maximum face value |
Policy
Type: |
Universal Life
(UL) Policies only |
Medical
Exam: |
No medical
exam or physical required |
Sex:
|
Male and Female
|
Age: |
Must be over
75 years old |
Insured
Province of Residence: |
Quebec Only |
•
A Life Expectancy (LE) report will be required in order to estimate
the number of months a specified insured under a specified life insurance
policy can be expected to live. A LE is determined by an independent
medical review company employing actuaries and in order to obtain
an LE we will require a medical release to be complete by the insured
(see form below).
•
There can be variances in the estimated life expectancy and this can
lead to different offers from different funding companies. That is
why we contact every funding source available.
•
Must be a change in health status since the issue of the policy.
Please
Contact
Us if you are interested in
discussing a potential Life Settlement or if you
have any other questions.