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State: Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Dist.Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico NY Non-Bus NY Business North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Guam Puerto Rico Virgin Islands Amer. Samoa

Birthdate: January February March April May June July August September October November December 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Gender: Male Female

Smoker/Tobacco: Yes No

Health Class: Preferred Plus Preferred Regular Plus Regular

Type of Insurance: 10 Year Level Term 15 Year Level Term 20 Year Level Term 25 Year Level Term 30 Year Level Term To Age 100 Level To Age 121 Level (No Lapse U/L)

Face Amount: $10,000 $25,000 $50,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,500,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000

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Instant Life Settlement Estimates

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State: Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Birthdate: January February March April May June July August September October November December 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

Gender: Male Female

Smoker/Tobacco: Yes No

Health at Purchase: Do not know Same or worse as now Somewhat better than now Significantly better than now

Type of Insurance: Convertible Term Last To Die with 1 insured deceased Universal Life Whole Life

Face Amount: 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 800,000 850,000 900,000 950,000 1,000,000 1,050,000 1,100,000 1,150,000 1,200,000 1,250,000 1,300,000 1,350,000 1,400,000 1,450,000 1,500,000 1,550,000 1,600,000 1,650,000 1,700,000 1,750,000 1,800,000 1,850,000 1,900,000 1,950,000 2,000,000 2,050,000 2,100,000 2,150,000 2,200,000 2,250,000 2,300,000 2,350,000 2,400,000 2,450,000 2,500,000 2,550,000 2,600,000 2,650,000 2,700,000 2,750,000 2,800,000 2,850,000 2,900,000 2,950,000 3,000,000 3,050,000 3,100,000 3,150,000 3,200,000 3,250,000 3,300,000 3,350,000 3,400,000 3,450,000 3,500,000 3,550,000 3,600,000 3,650,000 3,700,000 3,750,000 3,800,000 3,850,000 3,900,000 3,950,000 4,000,000 4,050,000 4,100,000 4,150,000 4,200,000 4,250,000 4,300,000 4,350,000 4,400,000 4,450,000 4,500,000 4,550,000 4,600,000 4,650,000 4,700,000 4,750,000 4,800,000 4,850,000 4,900,000 4,950,000 5,000,000 5,050,000 5,100,000 5,150,000 5,200,000 5,250,000 5,300,000 5,350,000 5,400,000 5,450,000 5,500,000 5,550,000 5,600,000 5,650,000 5,700,000 5,750,000 5,800,000 5,850,000 5,900,000 5,950,000 6,000,000 6,050,000 6,100,000 6,150,000 6,200,000 6,250,000 6,300,000 6,350,000 6,400,000 6,450,000 6,500,000 6,550,000 6,600,000 6,650,000 6,700,000 6,750,000 6,800,000 6,850,000 6,900,000 6,950,000 7,000,000 7,050,000 7,100,000 7,150,000 7,200,000 7,250,000 7,300,000 7,350,000 7,400,000 7,450,000 7,500,000 7,550,000 7,600,000 7,650,000 7,700,000 7,750,000 7,800,000 7,850,000 7,900,000 7,950,000 8,000,000 8,050,000 8,100,000 8,150,000 8,200,000 8,250,000 8,300,000 8,350,000 8,400,000 8,450,000 8,500,000 8,550,000 8,600,000 8,650,000 8,700,000 8,750,000 8,800,000 8,850,000 8,900,000 8,950,000 9,000,000 9,050,000 9,100,000 9,150,000 9,200,000 9,250,000 9,300,000 9,350,000 9,400,000 9,450,000 9,500,000 9,550,000 9,600,000 9,650,000 9,700,000 9,750,000 9,800,000 9,850,000 9,900,000 9,950,000 10,000,000

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Life Settlement Regulations

Current Status of Life Settlement Regulations

Various state and federal entities share regulatory oversight over the life settlement industry. As of January of 2009, there were life settlement regulations in forty-two US states and Puerto Rico. Eight states and DC did not have any life settlement law, however, at least six of these unregulated jurisdictions were working toward adopting life settlement regulations. In the meantime, consumers should be especially well informed and cautious in states without life settlement law. Advisors, agents, brokers, providers, and buyers should treat consumers in unregulated states as fairly as those who reside in states that have adopted life settlement regulations.

Sources of Life Settlement Law

Current life settlement law is based primarily on two model life settlement regulations. Some life settlement regulations are based on various models created by the National Association of Insurance Commissioners (NAIC). Other life settlement regulations are based on a 2007 National Conference of Insurance Legislation (NCOIL model. Of the 43 US jurisdictions with some form of life settlement law, thirty are based on an old or current NAIC model. Some have indicated they intend to review their existing life settlement law for possible revisions in favor of the NCOIL model or a more recent NAIC model. The non-NAIC model states have either adopted the 2007 NCOIL model or have created their own life settlement regulations that are unique to their state. Some of the non-NAIC states are also considering life settlement law revisions which include changes to either NAIC or NCOIL based life settlement regulations.

Differences Between NAIC and NCOIL Life Settlement Regulations

Recent changes and proposed changes to life settlement regulations have come about because of an illegal and unethical practice known as STOLI or Stranger Originated Life Insurance. The NAIC and NCOIL agree STOLI should be eliminated. They disagree on the best method for eliminating it. The NAIC favors life settlement regulations that include a five year ban on settling new policies resulting from some transactions. The NCOIL opposes the five year ban because they believe it is contrary to the best interests of some seniors.

More Information about STOLI and Its Impact on Life Settlement Regulations

For a thorough understanding of STOLI and a comparison of how both the NAIC and NCOIL life settlement regulations address it, please visit the STOLI page of Life Insurance Settlement Association (LISA) website. Policysettlement.com is a proud member of LISA and fully supports life settlement regulations that are in the consumer's best interest.

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