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.