Senior Settlement Insurance Policies
Are there any provisions in my policy that could prevent me from engaging a Senior Settlement?
Most life insurance policies contain a contestability and suicide exclusion period that extends, typically, for two years. The contestable period is a window within which the insurance carrier can challenge or rescind the individual’s life insurance coverage (usually for either misstatement or medical fraud related to the application).
The suicide exclusion is a defined period within which the insurance carrier can deny a claim concerning death by suicide. Many Senior Settlement providers prefer that a policy be in force for at least two years before considering the purchase of a policy.
Speak with a Life Settlement Professional instantly by calling 1-888-973-8377.
