I got an email from a reader who is in the process of acquiring his meds for a chance at a life settlement and he wasn’t sure what an LE stood for. So I decided to answer his question for everyone:

What is an LE (Life Expectancy)?

I a Life Expectancy is a third party medical assesment of one’s life expectancy. To sum things up, it basically tells you about how many years left you have to live. This is an important factor in pricing and obtaining offers for life settlement cases. The purchaser/provider/funder need to know how long they will have to invest premium dollars before they see a return on their investment.

The LE is established by reviewing medical records (including primary care and any specialists) within the last 3-5 years. It is also blended with a mortality curve to determine the amount of years/months the would assume you have before you pass.

Life Expectancy reports cost anywhere from $200 – $1000. Some of the providers include AVS Underwriting, 21st Services, ICS, Midwest, Fasano, and a few others.

If you have questions or would like to see how much your policy will sell for, call 1-888-823-7764 or fill out our Free Consulation Form by clicking here.

Found this great article discussing the current status of the life settlement industry. The couple paragrahs that drew my attention are listed below. This is one reason we will continue to provide useful and relevant information to both consumers and financial professionals.

Representatives from consumer groups and members of academia also discussed how understanding the perception of life settlements outside of the industry can help industry players better deal with clients and suppliers. Both groups suggested that the industry should present more independent data showing how life settlements can offer valuable financial benefits for qualified seniors.

A spokesperson for AARP, the largest membership organization for people age 50 and over with more than 39 million members in the United States, claimed that improved disclosure protocols would likely help consumer awareness and improve the life settlement industry’s public image.

“We are saying that [life settlements] can be a useful tool for people making end of life decisions,” said Ryan Wilson, strategic policy advisor for AARP. “What we really think is important is that the person entering the transaction fully understands all the consequences of the transaction.”

Read the complete article:
Life Settlement Industry Vows Renewed Effort to Promote Effective Legislative Policy Making and Consumer Education