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Frank is a 76 year old man who purchased a $250,000 life insurance policy...
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Qualifications

In order to qualify for a life settlement, the client must meet the basic requirements listed below. You can also make use of our points system to see the likeliness of your case being able to receive bids.

• Life Insurance Policy was purchased at least 2 years ago
• The insured person is at least 65 years old
• The total premiums paid in a year are less than 5% of the face amount
• It can be any type of life insurance policy

If for any reason you would prefer to discuss your case with one of our representatives, please call our office at 1-800-416-0116 Toll Free to discuss your life insurance policy.

Points System

1. Age and Sex
Male under 65 or Female under 65
Male 65-68 or Female 65-71
Male 69-74 or Female 72-77
Male 75-78 or Female 78-81
Male 79 and 0ver or Female 82 and over
 
2. Medical Condition
Healthy Senior
Has minor health problems
Health has changed considerably since policy issue
Has serious health problems
 
3. Smoking Status
Non-smoker
Smoker
 
4. Policy Type
Joint Survivorship or Whole Life
Term Life or Group
Universal Life
Joint Survivorship with one deceased
 
5. Current Cash Surrender Value
30% + of death benefits
20% - 30% of death benefits
10% - 20% of death benefits
0% - 10% of death benefits
 
6. Outstanding Loans
30% + of death benefits
20% - 30% of death benefits
10% - 20% of death benefits
0% - 10% of death benefits
 
7. Current Premiums
5% + of death benefits
4% - 5% of death benefits

3% - 4% of death benefits

2% - 3% of death benefits
1% - 2% of death benefits
 

(see chart below)

   
Total Points Life Settlement Probability
25 or less Highly Unlikely
26-50 Unlikely-call ViaTrust to discuss
51-67 Likely - Submit Appraisal
68-100 Very likely - Submit Appraisal

 

 

 

 

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354 State Street Suite 105 Hackensack, NJ 07601
Phone 201-487-4424 Fax 201-487-4423 email: info@viatrustusa.com
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