Meet Nancy, Age 58 with a $250,000 policy.

Nancy bought a term life policy when she was 30 for one purpose only: to make sure her kids have something left if disaster strike. Now, the tides have turned and her kids now make enough to pay for Nancy's mortgage.

Rather than continue with a unneeded policy, Nancy decides to explore her eligibility for life settlements. Since 20% of life insurance policies are estimated to be eligible, she begins to look for answers at LiveSettlements.net.

1. Life Insurance:
   • Policy must be at least two (2) years old - only non-contestable life insurance policies are considered.
   • Life insurance carrier must be rated B+ or better.
   • Minimum face value of $100,000
   • All types of policies qualify, including term, whole life, universal life, joint-survivorship, group, corporate-owned policies (COLI), key-man, and life policies held in irrevocable life insurance trusts.
   • Policy Owner may be the insured, a company, a family member, a charity or any other entity with an insurable interest in the life of the insured.
   • Yearly premiums should generally be under five percent (5%) of the policy's face value.
2. Insured's Health Status:
   
   • There must be a change in health or in table rating since the policy was issued.
   • Age 55 and above

Nancy's is asked for medical records to determine life expectancy estimates, which are derived from independent reviews of her medical records by professional, third-party actuarial firms. The underwriters provide individual life expectancy opinions based upon statistical data combined with the insured's medical history. These estimates can vary significantly due to differing opinions on treatments, prognosis and future medical advances. Varying offers extended by Life Settlement providers is very common.