Unveil Secret Life Insurance Policy Settlement Strategies Now
Factors Influencing Settlement Value
Several factors influence the value of a life insurance policy settlement. These include the policyholder's age, health condition, and the type and size of the policy. Older policyholders or those with health issues may receive higher offers because the buyer anticipates a shorter payout period2. Additionally, universal or whole life policies often yield higher settlements compared to term life policies due to their cash value component.