Life Settlement Parameters

Life Settlement Parameters

“The emergence of the life settlement has altered the landscape of the insurance trust business.”
– Banking Law Journal

Life Settlement
Pre-Qualification Worksheet

CLICK HERE

The purchasing parameters for a life transaction will differ from one purchaser
(known as “providers” in the industry) to another.

Policy value amounts vary from one individual to the next. An individual, a corporation, partnership, trust, or charity can be the owner of a policy.

It is important for the provider to confirm that the policy is in force and not subject to any additional restrictions that would prevent payment of a death benefit, also that the policy is not hindered by any other party.

Policy parameters should adhere to the following guidelines:

  • Face amounts of $250,000 and up
  • Ages 80+, or 75+ with health changes since the policy was issued
  • Current Assumption UL policies but can price GUL policies
  • Last to Die, with one remaining insured living
  • Convertible Term
  • Premiums of less than 5-6% of DB to maturity

CONTACT VERIS SETTLEMENT PARTNERS

Veris Settlement Partners, Inc. is a multi-state viatical and life settlement broker. Veris Settlement Partners, Inc., and/or its affiliate firms Chesapeake Financial Settlements, LLC and Select Life Settlements Corporation, and/or one of its two directors as individuals, may be licensed as a life settlement broker or viatical settlement broker, or may be able to broker a life insurance policy owned by a resident of most states. For a list of states and licensing call Veris. Some or all of the proceeds from a life settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. Veris Settlement Partners, inc. is not a viatical or life settlement provider. This Compliance Notice is current as of August 15, 2008 and is subject to change.