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    e policy must have crossed the contestability period, which is generally two years from the date the policy is taken.

    The process of Senior Life S

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    There are several financial institutions that provide Senior Life Settlements. They purchase an existing policy from a senior policyholder and try to sell it to a buyer, who will be responsible for the policy premiums from that time forward. Such companies charge their fees as brokerages on the face value of the policy held.

    To be eligible for services from a settlement provider, the policyholder must be above 65 years of age and must have a minimum amount of policy face value. This minimum amount varies from company to company. Also, by the time at which the policyholder approaches the provider the policy must have crossed the contestability period, which is generally two years from the date the policy is taken.

    The process of Senior Life Se

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    ll it to a buyer, who will be responsible for the policy premiums from that time forward. Such companies charge their fees as brokerages on the face value of the policy held.

    To be eligible for services from a settlement provider, the policyholder must be above 65 years of age and must have a minimum amount of policy face value. This minimum amount varies from company to company. Also, by the time at which the policyholder approaches the provider the policy must have crossed the contestability period, which is generally two years from the date the policy is taken.

    The process of Senior Life S

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    To be eligible for services from a settlement provider, the policyholder must be above 65 years of age and must have a minimum amount of policy face value. This minimum amount varies from company to company. Also, by the time at which the policyholder approaches the provider the policy must have crossed the contestability period, which is generally two years from the date the policy is taken.

    The process of Senior Life S

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    m amount of policy face value. This minimum amount varies from company to company. Also, by the time at which the policyholder approaches the provider the policy must have crossed the contestability period, which is generally two years from the date the policy is taken.

    The process of Senior Life S

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    e policy must have crossed the contestability period, which is generally two years from the date the policy is taken.

    The process of Senior Life Settlement is a fairly easy one. The settlement provider makes the policyholder fill out a form. There are medical examinations (though some companies waive the medical examination). Then, a suitable amount is quoted to the policyholder. This amount is higher than the surrender value of the policy from the parent company. If that is acceptable, then the settlement provider holds the policy and collects its premiums into an escrow account.

    The second part of the responsibility of the provider is to scout for a suitable buyer. Bids from buyers are invited. The lowest possible bid is chosen, so that the

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