Insured has been diagnosed with a terminal disease or chronic illness. Health impairments—Policyholders must have been recently diagnosed with either a terminal disease or a chronic medical condition. Typically, the life expectancy cannot exceed two years. Policyholders in good health may still qualify for a life settlement.

Value of the policy—Qualified policies have a minimum face amount of $100,000.00.  In most cases, policies under $100K in face value are not eligible.Policy must be in force at least two years. Policy in force for two years—Policyholders must own their life insurance policy for more than two years.  Some states require policies be held for a five year period before qualifying for a settlement. Interested in more information?  The Ultimate Guide to Viatical Settlements is complimentary and contains everything you need to know, including: