Life settlement administrators or brokers handle the submission of a life insurance policy for sale to the secondary market. The selling of a life insurance policy usually involves a situation where the insured is age 74 or up. In cases where there are medical complications pertaining to the insured’s health the age may not be as critical. Life settlement administrators help compile the proper information, in a proper form for submission to the funders. The funders or purchasing entities utilize medical history and exams of the insured to create a life expectancy model or report. The policy’s cost structures along with the life expectancy report are needed to obtain offers for a life insurance policy from the secondary market. Life settlement administrators if they have experience in the market ,should know how and where to submit a policy for sale. Sometimes finding the right funders is as important as compiling the needed information for the process.
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