Viatical and Structured Settlements - Life Insurance Settlements

Qualification Requirements

Life Insurance Settlement Qualifications can differ from client to client and table ratings and life expectancies for Life Insurance Settlements can differ on a individual basis. The information found below is simply used as a reference source for standard DML Life Settlement Qualifications.

By utilizing an in-house funding source we are able to optimize our clients' settlement needs on a direct basis. Unlike other companies who work with several different funding sources creating large waiting periods between submission and acceptance, our direct funding approach allows us to get an answer to you in as soon as 10 days.

Summary of the industry's standards of qualification for a Life Settlement

1. Life Insurance:
   • Policy must be at least two (2) years old - only non-contestable life insurance policies are considered.
   • Life insurance carrier must be rated B+ or better.
   • Minimum face value of $50,000 - NO Maximum. Lower face values considered if insured has shortened life expectancy.
   • Policy Owner may be the insured, a company, a family member, a charity or any other entity with an insurable interest in the life of the insured.
   • Most types of policies qualify, including but not limited to term, whole life, universal life, joint-survivorship and life policies held in irrevocable life insurance trusts.
   • Yearly premiums should be under five percent (5%) of the policy's face value.
2. Insured's Health Status:
   • Seniors with limited life expectancies of fewer than twenty (20) years may qualify.
   • There must be a change in health or in table rating since the policy was issued.
   • The general target age is seventy (70) and above.
   • Copies of medical records are obtained for verification of health status.
   • NO MEDICAL EXAMS ARE REQUIRED!

*The previous Information are simply General Guidelines and do not constitute acceptance or denial of a life settlement. To get a free no-obligation quote click here