Eligibility for a life settlement depends on a combination of age, health, policy type, and the structure of the coverage. In general, most qualifying policyholders are seniors age 65 or older, with the strongest eligibility often beginning around age 70. However, younger individuals with certain health conditions may also qualify because buyers evaluate long-term premium costs and life expectancy. Policies usually need to have a face value of at least $100,000 to fit buyer criteria.
Universal life, whole life, guaranteed universal life, indexed universal life, and convertible term policies are the most commonly accepted. Eligibility also depends on the policy’s premium load, how much it costs to maintain, and how long the coverage is guaranteed.
Buyers look for policies that are stable, predictable, and affordable to keep in force over time. Many seniors incorrectly assume their policy is too small or too old to qualify, but eligibility varies widely and is often worth checking even if you are unsure. The simplest way to find out is through an estimate or an application review, which provides clarity without obligation.
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