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Agents
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OVERVIEW
PROMOTION
BECOME A BROKER
AVAILABILITY
CASE STUDIES
INDUSTRY RESOURCES
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OVERVIEW
Policies considered for purchase by Life Settlement Solutions
must meet certain eligibility requirements. The following are typical
criteria that are formed in conjunction with the investor or lender:
- A United States of America domiciled
life insurance company whose financial strength at the time the
life insurance policy
is purchased is rated no less than "A-" by Standard & Poor’s Ratings Group,
at least "AA" by Moody’s Investors Service, Inc., at least "AA-" By
Duff Phelps Credit Rating Company or at least "A-" by A.M. Best;
or any other U.S. domiciled life insurance company, if the face
amount of the insurance is less than or equal to the liability
limit of any applicable state
life and health insurance guarantee fund;
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Beyond any carrier or statutory contestability period, and fully renewable subject only to the payment of premiums;
- The insured’s life expectancy
between 25 and 144 months based on one or more medical evaluations
from an approved
evaluator;
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Term policies must have a minimum term life insurance coverage equal to the greater of (a) two times the life expectancy, or (b) 10 years; and
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The face value of such policy cannot exceed $20 million.
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