Now that you understand who qualifies for a life settlement, you are probably wondering how much you can expect to receive when you sell it.
Several factors go into determining how much a buyer will offer for your life insurance policy. Naturally, the dollar value of the policy plays a big role in determining its value. The current premium you pay on your policy is also a determining factor since the life settlement broker or provider will take over your payments.
The higher the value of your policy and the lower your premiums, the more you can expect for an offer. Your life expectancy and the cash value of your policy are additional factors considered by buyers before extending you an offer for your life insurance policy.