No Medical Exams Required for Life Settlements
Except in the rarest of occasions, there is no need for the insured to undergo any additional medical examination for a life settlement. Usually, the buyer can make a determination of the policy�s value based only on the insured�s general health condition and age, then measured against their life expectancy estimates.
Usually, a prospective buyer will ask the insured to sign some medical release forms and an application, so that they can pull all the past medical files and make a determination how long the insured is expected to live based on actuarial tables. The buyer will be required to keep the information confidential, and the buyer will first have to come to the insured for their written release to give the information to anybody.
After the policy has been sold, the buyer will have the right to occasionally check with the insured�s doctor to determine whether you are still alive. Some buyers will set up a system where they send the owner a postcard every six months or so, for the insured to sign and return.
Life Settlement Pro is your life insurance settlement solution, please contact us via or email or call us toll free at 1-88-973-8377.
