Obtaining a life expectancy or LE is part of the life settlement process. If you have decided to sell a life insurance policy in a life settlement transaction, chances are you have heard of the term life expectancy. Life expectancies are an estimated number of months that an individual is projected to live that the investors buying your life insurance policy factor in to calculate risk.
Life expectancies are created using information found in your medical records as well as your gender, age, race, region and past and present occupations. All of this data is sent by your life settlement broker to a life expectancy company for review. Once all of your medical and personal data is evaluated, the next step is to have your life expectancy calculated by the companies underwriting professionals using a series of debits and credits.
Find more information about life settlements and life expectancies at LIVEpdq.