Who is an ideal candidate for a life settlement?
- The ideal client is a male or female in their mid-70’s or older that has had a change in health since the policy was issued. Term policies can be sold as long as they are convertible.
- An exception to this guideline would be a male or female in their 60’s to early 70’s that has multiple chronic medical conditions and a significant health change has taken place since the policy was issued.
- The most common life insurance policy sold is universal life. Minimum death benefit is $100,000.00.
Over the next several weeks, we will be sharing with you a series of educational emails designed to help you better understand the life settlement market, the characteristics of an ideal candidate, and our complete process for selling an unwanted or unneeded life insurance policy. Please subscribe to Ohlson Group emails to receive more life settlement resources.
In the meantime, I encourage you to visit our website at lsa-llc.com for more content designed specifically for financial professionals like you. If you have any questions, or want immediate help examining a potential case, do not hesitate to respond to this email or call me anytime!