Posted by The Policy Settlement Alliance on Thu, Aug 19, 2010 @ 01:17 PM
By Donald A. Sonn
Did you know that just because someone is born a woman that they have a life expectancy or LE that is automatically higher than that of a man? Of course, there are a lot of other contributing factors in the LE equation. Those who live in underdeveloped countries of the world will have a lower life expectancy. Poor health is more prevalent due to famine, disease and sometimes war. In some areas of Africa, your LE might only be 33.9 years, due to the high rate of AIDS and other diseases. However, with the improvement of modern medicine, better nutrition and education many advances are being made with life expectancies. Senior life settlements are valued in relation to life expectancy and enable you to sell your life insurance policy for a much greater amount than you would get if you used the cash surrender value (CSV). These are usually available to people 65 and older.
Chances are if you are reading this, you are one of the lucky ones in the life expectancy wheel of fortune. You live without hunger, do not live in a third world country and are able to seek medical treatment when you are ill. For example, if you live in the United States, the average LE is 77.5 years - more than twice the age some people in poorer countries live to, and every year, it gradually increases. Who knows…maybe you’ll be one who reaches 100! Life expectancy variables can increase the value of your life insurance policy when you decide to sell it on the secondary market as a senior life settlement. A licensed senior life settlement agent can help you to get the greatest amount of return on your investment in life insurance by getting you multiple bids on the secondary market.
To learn more about life settlements and to receive a free policy evaluation click the LIVEpdq link at the top of the page.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Aug 13, 2010 @ 07:40 AM
By Edward E Leisher
Obtaining a life expectancy or LE is part of the life settlement process. If you have decided to sell a life insurance policy in a life settlement transaction, chances are you have heard of the term life expectancy. Life expectancies are an estimated number of months that an individual is projected to live that the investors buying your life insurance policy factor in to calculate risk.
Life expectancies are created using information found in your medical records as well as your gender, age, race, region and past and present occupations. All of this data is sent by your life settlement broker to a life expectancy company for review. Once all of your medical and personal data is evaluated, the next step is to have your life expectancy calculated by the companies underwriting professionals using a series of debits and credits.
Find more information about life settlements and life expectancies at LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 11, 2010 @ 09:29 AM
By Donald Sonn
Life expectancy is determined by tables widely used by life insurance companies and others with an interest in determining how long you are expected to live. A life settlement is a transaction between a covered party (the Insured) and a company that wants to invest in life insurance policies. Life expectancy is one of the factors used in determining the value of the policy and how much to pay for the settlement. Upon the death of the insured person, the life insurer pays the death benefit to the owner of the policy, who is now the investor. Many people are now purchasing life insurance for the express purpose of seeing it increase in value so that they can profit on it during their own lifetime. Other people have had insurance for a long period of time, and the reason they once had for getting insurance has now changed because of changing life circumstances.
It no longer makes sense to let the insurance lapse and selling the policy back to the life insurance company for the surrender value does not make financial sense. The surrender value is frequently much less money than one can get by doing a life settlement. The life settlement provider uses life expectancy and a variety of other measures to help you realize what your policy is worth. He then gets you the greatest possible return on the value of the life insurance policy.
Click the LIVEpdq link for a free life settlement estimate and find out with little effort if life settlement policies are something that you should consider for yourself.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Aug 06, 2010 @ 12:02 PM
By Paul K Arbo
A life settlement involves the sale of an existing life insurance policy somebody no longer needs (or cannot afford to keep) to a third party for a lump sum of cash which is greater than the cash surrender value of the contract, the life expectancy of the seller is critical in this type of transaction. This information is critical to the buyer because in addition to the lump sum of cash the buyer pays for the life insurance policy they also assume responsibility for future premium payments. The longer a seller's life expectancy, the more premiums the buyer must pay. So when the buyer examines the two cost factors - lump sum payment plus ongoing premiums - he must decide how much to invest in exchange for a future death benefit. The more premiums he estimates he'll have to pay due to a long life expectancy, the less he'll have to offer as a lump sum payment to buy the policy. If you are curious how much money you might receive for selling your life insurance policy, a quick and easy way to get an estimate is to fill out a brief questionnaire here; LIVEpdq
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 04, 2010 @ 02:12 PM
By Stephen P Turtur
A
life expectancy report is a very critical and important piece to the settlement of any life insurance policy. If you are interested in finding out what your policy is worth all of the funders that purchase life insurance policies in the secondary market will require several of these reports from approved institutions that provide this service. A life expectancy report is derived from the medical records of the insured and in some cases a current medical exam performed on the insured. A disclosure form releasing these records to the funders will be needed from the insured to start this process. The life expectancy report is a probability calculation that the insured, based on his or her medical history and condition, will live for a specific period of time. This information along with the policy's internal cost structures will provide the information to the funders to arrive at the net present value of your policy for settlement purposes. A report illustrating an expectancy of less than a 24 month period will categorize the settlement as a viatical and longer than a 24 month period as a life settlement. In order to find out what your policy is worth I advise hiring an agent/advisor to help you compile the information needed in a proper form to submit your policy to the correct funders. The calculated duration or probability that you will live for a specific period of time as mentioned above is a very important report and at a minimum you should know the value of your policy and what your expectancy of life is in relationship to a settlement offer. Find out what your report will yield.
Let's get started and click on
LIVEpdq.
Posted by The Policy Settlement Alliance on Tue, Aug 03, 2010 @ 09:26 AM
By Stephen A. Bailey
Life expectancy is now much longer and is rapidly becoming a problem. In the year 1910 life expectancies for men was about 48.4 years and for women about 54.6 years. I'm now 65 and my dad is 93 and mom is 91...true fact! Alzheimers is becoming a huge problem now because it hits the person prone to Alzheimers starting in the mid-to late 50's. So, it was back in 1910 but most people didn't live long enough to get it. Now, the statistics are that 32%, nearly a third of all people, will have Alzheimers, to various degrees, by the time they are age 84.
Life expectancy then, being much longer now, is definitely causing large problems and all of that costs a lot of money late into life. Seniors who have life insurance policies, that now need to be sold due to their changing life circumstances, may need that sale to take place due to conditions like Alzheimers, where they may continue to live longer, but need additional income to handle the problem.
Since your life expectancy is probably longer, one of the best places to put money, is into a life insurance policy. The intrinsic value of a life insurance policy, is almost always much more in the long run, than what you will put into it. The money that will be left to your family on death, tax free, cannot be equaled by any other investment. The money you can get from selling it, if your circumstance changes and the need to your family is no longer there, will nearly always be more than what you put into it. For more information please click on LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Tue, Aug 03, 2010 @ 07:34 AM
By Timothy A McQueen
Life expectancy reports are poised to become more consistent according to LISA (Life Insurance Settlement Association). LISA is supporting the idea the life expectancy companies come together to discuss best practices in their profession. The discussions are to include creating a LE table that will be used by the top companies in the industry and can also be used by providers so they can better assess the accuracy of a LE report.
The accuracy of life expectancy reports is extremely important as it is a key tool used by providers to determine whether or not they will purchase a policy. When one LE company changes its criteria affecting all reports it can send the industry and investors into a tail spin as seen in the life settlement industry in the past. In addition when providers receive contradicting reports it can be very frustrating and cost you offers on your policy.
Click the LIVEpdq link above for a free life settlement evaluation today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 02, 2010 @ 11:38 AM
By Ronald E. Ritter
The life expectancy is the measure of current health of any one individual and their ability to recover from their particular illness. As seniors 65+ face the everyday trials of life, the reality of the inevitable occurs and their health deteriorates. There are however opportunities in diversity.
When a life insurance policy is issued its expense is based on the law of large numbers. In other words if you buy a life insurance policy and you have health adversities they charge you more. If you purchased the policy when you were healthy they charge you less. If you have the life insurance policy and an illness occurs that shortens your life expectancy the policy becomes more valuable because of the time value of money.
Illnesses affect the longevity of one’s life expectancy, shortening the time we have to live as an individual. When this occurs the opportunity for a life settlement (the sale of an existing life insurance policy) becomes a reality. A life settlement can often yield a greater value depending on the need of the insurance and the need for a cash settlement.
These are complicated transactions and require an experienced life insurance agent to identify the needs of the policy owner and help determine the sale ability of the life insurance. Many seniors decide to sell their policies; it is worthy to note that life settlements because of a shortened life expectancies yield approximately 7 million dollars per day to seniors.
For a free review of your policy go to LIVEpdq today.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 04:23 PM
By Michael P. Perog
What is a life expectancy and how can you profit from it, is really the question. A life expectancy is a third-party administration company who hires actuaries like the people who work for a life insurance company, but they are a third party administer company, and act as a consultant to our brokerage firm.
We hire these actuaries after we gather your medical records to review them in detail. Upon completion on their review, they will produce a life expectancy report. This will give an estimate of the average number of months an individual is estimated to live. This is an important report because the buyer of your life insurance policy when you are over age 70 has a great interest in knowing the estimated number of months someone is estimated to live, therefore they will be making premium payments on your policy. Therefore, they can calculate their estimated return on investment when they purchase your life insurance policy. Obviously the longer someone lives, the less valuable the policy is, because the more number of premium payments that need to be made.
These are all important variables that are taken into account when you work with our brokerage firm, in order to complete your life settlement transaction and give your family the most amount of profit
considering the difficult financial times that we are in. To find out more about your life expectancies reports, please visit now LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Fri, Jul 30, 2010 @ 09:36 AM
By Ronald C. Kerstetter
Life expectancy studies, which may be referred to as LE's are done for insured when a life settlement is being considered. A LE study is preformed by actuaries and medical professionals as a means of helping determine the amount of months an insured will live. Though it sounds morbid, we must remember that a policy’s value is very dependent on the LE study, in addition, the insurance company, policy type, policy values and policy premiums or cost also factor into the final offer you are made on the settlement of your policy. That being said, life expectancy is one of, if not the biggest factor in determining the value of your policy. The shorter the LE of the insured, the greater the value of the insurance policy being offered for settlement.
A LE study is performed by compiling the insured’s medical history both through a questionnaire and a review of doctor’s records and medical history.
For the most part a life expectancy study is unobtrusive and requires very little participation on the part of the insured. A HIPPA form is signed and a settlement application with medical history and RX profile is submitted by the life settlement broker. Thereafter, the medical records and RX information is compiled by the firm doing the LE study.
To learn more please click on LIVEpdq today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.