A senior settlement refers to the selling of a life insurance policy insuring a person that is in most cases at least 74 years of age. In some cases younger aged individuals can sell a policy as it does depend on policy cost structures as well as the life expectancy reports that are critical in assessing value form a settlement perspective. I advise hiring a licensed agent/advisor to help you submit your policy to obtain offers as it is a process that involves a correct compilation of information to achieve a smooth process. Viatical settlements or policies that insure someone with a terminal illness obviously have less of an age requirement as far as statistical success and they are treated differently depending on the state the policy was written in. As I mentioned earlier, a life expectancy report is needed to approach selling a life insurance policy regardless of what type of settlement transaction is clarified. This involves disclosing your medical history/current medical status if you are the insured. A senior settlement life expectancy report will reveal the possibility/probability of the duration of life based on the medical information of the insured. Also involved in a senior settlement is obtaining the policy cost information and together with the life expectancy report an offer can be obtained for a decision to sell or not to sell. Find out what your policy is worth so that you know if this is right for you by clicking our LIVEpdq link now.