Whereas several years ago the average price for a senior life insurance policy averaged about 22% of the death benefit amount, the average price paid by one buyer was about 13% of death benfit amount. Most on life insurance policies between $1 million and $3 million face amount. Other buyers are still paying higher than 13%, depending on various factors.
The avreage age of insureds selling policies has increased to between 80 and 85 years old,with 81 being the actual average number. This is due to the increased life expectancies seen in the secondary market today.
The average life expectancy on purchased policies was between 7 and 10 years.
The market is showing interest by an increasing number of buyers. Settlements For Life just received an offer of $1 million on a $5 million life insurance policy, has successfuly sold other cases recently, and has more inventory to sell. Settlements For Life is a national life settlement broker and has been in business since 2003.
For more information about selling your policy or the policy of a client contact Settlements For Life. 877-588-5558. Email:info@settlementsforlife.com. http://www.settlementsforlife.com/
