When we receive a request for a life settlement one of the first questions we are asked is how much is my life insurance policy worth. The value of an existing life insurance policy will be determined by several factors. These factors are typically related to the life expectancy of the policy holder, type of policy, ongoing premiums, surrender value and the rating of the insurance company. When Ideal Settlements receives a request for a life settlement or viatical transaction we are as much interested in quickly finding out the value of the policy as the client.

The life settlement process should be seamless and understanding a ball park number of what a policy may be worth can be helpful. One of the ways you can quickly estimate the value of a life insurance policy is by knowing what the surrender value of the policy may be. The surrender value or valued given by the insurance company is typically lower than the real value of the policy. If a person is considering selling their policy back to the insurance company they can expect to receive a fraction of what they may receive in the secondary markets.

If an insured has a life expectancy of less than 2 years, the same policy will be worth more money than an insured with the life expectancy of 5 years. When investors look at life expectancy they are always interested in the medical condition and life expectancy of the client. This is because once the policy is sold to an investor; they will proceed to pay the ongoing premiums until the policy holder dies. The longer they pay on the premiums the less valuable the policy.

There is not a life settlement company, agent or broker that can give you an exact amount of what your policy is worth without obtaining the documentation and shopping it into the secondary markets; however they should be able to give a ball park number of what your policy may be worth in the secondary markets. If you are interested in receiving an estimated quote of what your policy may be worth through a life settlement transaction, contact Ideal today.

Life Insurance Worth

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