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Health changes can affect the value of a life insurance policy in the life settlement market.
If the insured's health has declined since the policy was issued, the policy may be more attractive to buyers. Age, medical history, premiums, policy type, and death benefit all factor into the offer.
This does not mean every policy will qualify, but it does mean a policy should be reviewed before it is surrendered or allowed to lapse.
If health has changed, the policy may be worth more than expected.
Policy-Cash.com can help evaluate it.
Saul L. Appel, CLU®, ChFC® | President, Appel Financial, Inc. | 50+ years experience