Life Settlement Requirements
What are the requirements necessary to sell a policy?
All of the following must be present in order to sell a policy:
Insured must be at least 70 years old (possibly younger if there are health issues)
Minimum policy size $250,000*, no maximum
Policy must be at least 2 years old
The insurance company must be rated A or better by AM Best
Term, Whole Life, Universal Life and Variable Universal Life are acceptable types of insurance
* We now have a few sources that will go as low as $50k, you must understand that there is a smaller market for these policies, but at least there is an outlet for them. Call 1-888-973-8377 to discuss.
