Life settlement software is software that is designed to determine the value of a policy or group of policies. The software is generally used by brokers, investors and providers.
There is a lot of information that is used in pricing a policy that life settlement software will assist with. That information includes the insured’s age, life expectancy, gender and smoking status. Family history and insurer credit risk is also taken into consideration. The ongoing cost of the life insurance policy, to include policy fees, costs of insurance etc will be compiled to determine how much the policy is worth to an investor.
Life settlement software can price out many different types of policies. The software can be used to price whole life, universal life, survivorship policies, and convertable term policies. Each policy type has their own structure and requires software that is flexible enough to perform the intricate calculations for each.
Software will determine internal rate of return and will give potential funders a price that the policy will be worth. This will assist them in an offer price for the client. You can determine the value of your policy today with our online valuation tool LIVEpdq!