Viatical Settlement Market Shows Improvement

The viatical settlement market is improving!

Per a major buyer that has just released first quarter 2011 statistics, bids for policies are up nearly 50%, bids being accepted have increased and the amount of life insurance policies submitted for evaluation have increased.

Whereas several years ago the average price for a senior life insurance policy averaged about 22% of the death benefit amount, the average price paid by one buyer was about 13% of death benfit amount. Most on life insurance policies between $1 million and $3 million face amount. Other buyers are still paying higher than 13%, depending on various factors.

The avreage age of insureds selling policies has increased to between 80 and 85 years old,with 81 being the actual average number. This is due to the increased life expectancies seen in the secondary market today.

The average life expectancy on purchased policies was between 7 and 10 years.

The market is showing interest by an increasing number of buyers. Settlements For Life just received an offer of $1 million on a $5 million life insurance policy, has successfuly sold other cases recently, and has more inventory to sell. Settlements For Life is a national life settlement broker and has been in business since 2003.

For more information about selling your policy or the policy of a client contact Settlements For Life. 877-588-5558. Email:info@settlementsforlife.com. http://www.settlementsforlife.com/

Agents Should Rely on Broker in Viatical Settlement Process

During tough economic times agents in viatical settlements cases need to rely on a broker that has current industry knowledge and is up to date with the most responsive buyers and purchasing programs. The agent must also be aware of the changes that are occurring in today's market such as mortality increase and buyer availability. Settlements For Life's knowledge and expertise help agents become aware of changes in the market and lets them know exactly what to expect.



Call Settlements For Life today.


Enhancing The Value Of Your Life

 National Life Settlement Broker Since 2003


877-588-5558
http://www.settlementsforlife.com/

info@settlementsforlife.com

What Kind Of Life Insurance Policies Qualify For A Viatical Settlement?

Universal Life, Whole Life, Term Life and in some cases Survivorship and Variable policies can qualify for a sale to get one the cash they need from a policy they no longer need or want.

Typically, in today’s market buyers are looking for the following:

·         Insureds 65 years old and older

·         Face amounts (death benefit) between $100,000 and $30,000,000

·         Premium amounts of 5% per year of face amount

·         Usually, and depending on age, the insured must have had some health issues since the life insurance policy was issued

Submit your case to see if you qualify - http://settlementsforlife.com/cons_submit.htm

There are many factors that make a policy attractive to a buyer.  Using a viatical settlement broker is the best way to determine if your life insurance policy has potential value on the secondary market or life settlement market.

An experienced life settlement or viatical broker will guide you through the process and make sure buyers pay you what your policy is worth. 

Please  call Settlements For Life today to discuss how we may help you sell your policy.

Settlements For Life

Enhancing The Value Of Your Life

National Life Settlement Broker Since 2003

877-588-5558

www.settlementsforlife.com

info@settlementsforlife.com

Can I Sell My Term Life Insurance Policy?

As a life/viatical settlement broker we are asked by clients if they can sell their term life insurance policies on the secondary market.  The answer is Yes.  Selling a term life insurance policy is a great idea for a policy owner who no longer needs or wants the policy and is inclined to let it lapse.  Letting the policy lapse is a bad option because there is no cash value in the policy.  All of the premiums invested in the policy are gone.  You can sell your term life insurance policy, possibly for a significant amount of cash.  The term policy must be convertible to a whole life or universal life policy.

Call Settlements For Life for more information.

Settlements For Life

Enhancing The Value Of Your Life

877-588-5558
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National Life Settlement Broker Since 2003