Life expectancy is determined by tables widely used by life insurance companies and others with an interest in determining how long you are expected to live. A life settlement is a transaction between a covered party (the Insured) and a company that wants to invest in life insurance policies. Life expectancy is one of the factors used in determining the value of the policy and how much to pay for the settlement. Upon the death of the insured person, the life insurer pays the death benefit to the owner of the policy, who is now the investor. Many people are now purchasing life insurance for the express purpose of seeing it increase in value so that they can profit on it during their own lifetime. Other people have had insurance for a long period of time, and the reason they once had for getting insurance has now changed because of changing life circumstances.
It no longer makes sense to let the insurance lapse and selling the policy back to the life insurance company for the surrender value does not make financial sense. The surrender value is frequently much less money than one can get by doing a life settlement. The life settlement provider uses life expectancy and a variety of other measures to help you realize what your policy is worth. He then gets you the greatest possible return on the value of the life insurance policy.
Click the LIVEpdq link for a free life settlement estimate and find out with little effort if life settlement policies are something that you should consider for yourself.