Comments on: How Much Is The Payout On An Average Life Insurance Settlement?

By: mbrcatz

mbrcatz — Fri, 18 Dec 2009 06:37:00 +0000

That’s because there’s no clear answer. It depends on the age of the insured, and how healthy they are, and the cash value of the policy, and the premiums, and the face value, and even if the policy is transferrable or not.

By: Rakshit K

Rakshit K — Fri, 18 Dec 2009 02:48:11 +0000

Are you talking about payout at the time of buying insurance, if yes then its not legal. However some agents payback some portion of their commission to policyholders to get more business.
Payout is dependent on policy administration charges, because agents get commission from admin charges so if admin charges are high it most likely that commission will be on higher side.
For more visit : http://www.insurancereview.in

By: David

David — Thu, 17 Dec 2009 21:03:16 +0000

That’s really because there is not an average amount and it could be misleading. Each life settlement is a unique negotiation and prices can vary quite widely. That said, a life settlement is usually between 10% and 30% of the face value (death benefit) of the policy, much more than cash surrender value. The most important thing for you to understand is how much money do you need or want to get to make a settlement a good financial option. The main elements to consider are premiums you have paid to date, cash surrender value and taxes you will have to pay. With this knowledge you can determine if the offers investors are making are worth your while.

By: Jim

Jim — Thu, 17 Dec 2009 14:20:49 +0000

You can easily check life insurance quotes in internet, for example here – lifeinsurance.awardspace.info