Has the age range changed for a Life Settlement the past 1-2 years?

I would have to say yes, it has. The groups that are currently purchasing policies know that it is a buyers market and are cherry picking the best policies. In the recent years we saw seniors at the age of 65 or older actively getting offers on their policies, however in the last year it seems the main focus is over the age of 75.

However, depending on your current health conditions, that may play a factor. But we want consumers to know that younger seniors are struggling to get offers.

Call the help line at 1-888-823-7764, and we will let you know the potential of getting a Life Settlement offer…

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Double Bidding on Life Settlement Cases

I have been talking to a handful of both agents and brokers who are glad that it seems like double bidding has really started to slow down. Double bidding is basically when a life settlement case is shopped by multiple brokers and the funding source will offer the same amount to the brokers and basically let whoever will work for less or  whoever has more control can close it.

In the current market, where we have more cases than buyers we are seeing funders no longer double bidding and almost ignoring the policies that are provided by multiple brokers. This is a buyers market and the funds know when they see the file from multiple sources it is going to be shopped, their offer is going to be shopped, and it could take longer to close.

Just when you thought that the more brokers shopping your cases will get you the highest offer, it actually might hurt your chance of closing the case.

We commonly get a few emails from both consumers and professionals inquiring about life expectancy report pricing. A life expectancy report is a large factor in the potential for a life settlement. This report determines the expectancy of the insured, and is used to price and underwrite the policy.

There are a handful of LE companies that provide these reports and prices can range from $250 to $500.

Here are some companies that can assist:
AVS
Fasano
21st Services
ISC
EMSI

Previous post here on LifeSettlementInfo.com:
What is a Life Settlement LE?

When considering a Life Settlement,  it is important to ask yourself one important question.

What’s the net payout from my settlement?

An important factor to consider during your settlement negotiations is what you’ll keep after taxes. A life settlement is the sale of an asset, a taxable event. Taxes are currently in discussion with regulators, but currently most individuals are following 3 different steps.

• You are not required to pay taxes on the premiums you’ve paid since you’ve owned the policy

• You owe ordinary income tax on the difference between premiums paid and the cas surrender value.

• You pay capital gains on the amount by which the payout exceeds the cash value — which is likely to be most of the settlement depending on how long you’ve owned the policy and how much premium has been put in.

Understanding the tax implications will better prepare you for the net amount you will receive from settlement.

If you have questions, please call the toll free help line at 1-888-823-7764