Age and health play a major role in both eligibility and the potential payout in a life settlement. Older individuals typically receive stronger offers because buyers expect to pay premiums for a shorter period of time. Health history also influences the valuation, even though the process does not require a medical exam.
Buyers review medical records, prescription histories, and general health trends to estimate longevity. This information helps determine future premium obligations and the expected timeline for the death benefit. Importantly, being in good health does not automatically disqualify someone. Seniors age 75 or older often qualify even if they are healthy.
Conversely, individuals who are younger but have experienced certain health conditions may also qualify. The evaluation is not meant to judge personal health but to calculate the long-term financial structure of the policy. Offers vary case by case, but age and health are two of the most influential factors buyers use to determine value.
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