This tool provides a general assessment of eligibility for a life settlement. Your eligibility cannot be accurately determined until a confidential Alantra All-In-One Application™ is completed.
1. Are you 65 years of age or older?
2. Do you own a life insurance policy?
3. Have you had this life insurance policy at least two years?
4. Is the policy’s value $250,000 or more?
If you answered yes to all four questions, you meet the basic qualifications. Please proceed to further qualify your eligibility.
A. Do you need to liquidate assets to pay for medical expenses or ensure your continued financial security?
B. Have you outlived the policy’s beneficiary?
C. Have you experienced a change in health since you purchased the policy?
D. Are you considering allowing the policy to lapse due to expensive premiums or another reason?
E. You own one of the following policies:
. Universal Life
. Variable Universal Life
. Whole Life
. Term
. Joint Survivorship Life
If you answered yes to either questions A, B, C, D or E (a single yes is sufficient), you have a high probability for eligibility for a life settlement. To verify you eligibility complete our confidential assessment today by clicking here, talk with an Alantra Client Advocate at 201-633-4747 or email us at ConsumerExpressQuote@alantralife.com.
General Eligibility Considerations
- The insured is at least 65 years old.
- The insured experienced a change in health since the issue date of the policy. Alantra never requires a medical examination. We review existing medical records to verify health status.
- The life insurance policy is at least 2 years old with a face value of at least $250,000. Lower face values may be considered if insured has a shortened life expectancy.
- The life insurance carrier is rated B+ or better.
- Any type of non-contestable life insurance policy qualifies, including term, whole life, universal life, joint-survivorship, group, corporate-owned policies (COLI), key-man, and life policies held in irrevocable life insurance trusts.
- The policy owner does not need to be the insured. The policy owner may be a family member, an employer, a charitable organization or any other entity with an insurable interest in the life of the insured.
- In general, the annual premium should be less than 5% of the policy's face value.
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