verifiedCite
While every effort has been made to follow citation style rules, there may be some discrepancies. Please refer to the appropriate style manual or other sources if you have any questions.
Select Citation Style

Who is a candidate for a life insurance settlement?

A candidate for a life settlement is often a person age 65 or older whose policy no longer fits their financial needs. Buyers may also consider people with health issues that shorten life expectancy, since this can increase a lump-sum offer. Someone who cannot afford premiums or whose beneficiaries no longer need the payout may qualify. The final amount offered still depends heavily on the person’s age and health.