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Life Health > Life Insurance

Quiz question: average age for settlements

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The question was: What is the current average age of the insured for life settlements?

a) 65
b) 72
c) 75
d) 77

The answer is: c), according to John M. Bragg, actuarial consultant at Bragg Associates, Atlanta. “It is felt that lower ages are possible, if there are significant impairments,” he writes in a March 10, 2008 article for National Underwriter. “And, at estimated life expectancies greater than 15 years, sufficient economics cannot be generated.” click here for entire article