"If you go the life-settlement route, start with an estimate of the policy's market value. You can use the free tool (LIVEpdq) at policysettlement.com, which is run by Norman Hood." - Kiplinger's Retirement Report. July 2008.
The LIVEpdqSM (Life Insurance Valuation Estimate pretty darn quick) is a one of a kind financial tool specifically designed to instantly appraise the settlement or collateral value of a life insurance policy. As such, it is intended to be used as an estimating tool only. Insured's whose initial calculation information indicates probable acceptance may, in fact, not qualify based on a more in depth review. Final offers may ultimately vary from the LIVEpdqSM appraisal result.
All applicants must submit an application, be underwritten, and have their policies and other data analyzed before final life settlement pricing, acceptance, or rejection can be determined. A LIVEpdq SM appraisal does not constitute an offer or promise to purchase any policy presented for purchase. A potential buyer's ability to purchase a policy is based on numerous factors in addition to those used within LIVEpdqSM.
According to some sources...
2008 life settlements amounted to more than $12 billion of face amount.