A Life Settlement is the sale of a Life Insurance Policy by the policy owner , before the policy matures . Everyday people sell their unwanted polices back to Insurance companies BY ALLOWING THEM TO LAPSE . A life Settlement takes that Power away from the Insurance companies . Allowing the Policy owner Market value .

LIFE SETTLELMENTS - a sale , at a price discounted from the face amount of the policy , but in Excess of the CASH  surrender value there for providing the seller with an immediate cash settlement .                                                                                       

To Qualify - #1 Age 70 or older [60 in rare case] . #2 Policy face amount  $250,000 or greater . #3 Policy past the 2 year contestability period . #4 Minimum loans on the policy [ less tnen 30% of the face amount ] .#5 Low Premiums [6% or less of the face amount ] . #6 Surrender value less then 40% . "NEW" For 68 and older , Face amounts of $50,000 to 250,000 are eligible on UL or Convertable polices .