Policy value from a life settlement standpoint is very dependent upon a life expectancy report. The report is usually given or illustrated in the number of months that an insured is expected to live. In cases where a terminal illness is concerned the report is also illustrated in a number of months probability. Life expectancy is obviously an estimate; however, the funding institutions that purchase life insurance policies do utilize these reports as a basis to calculate the net present value of a life insurance contract. The internal cost of the policy and the death benefit together with the life expectancy report is the major component of a funders tools in providing offers for a life insurance policy. I advise hiring an agent/advisor to help you sell your policy as all of this information can be a complicated effort to compile. The information must be provided to the funder in a proper form and submitted to the institutions that are recognized by this industry to give these types of reports that clarify, based on the insureds medical history etc., the estimate of how long he or she may live. There will be more than one report given and by different companies that do the calculations. Yes these reports have a lot to do with how much your policy may be worth.
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