Advanced Settlements Inc. says it has expanded the scope of its life settlement services.
Advanced Settlements, Orlando, Fla., now can sell convertible term life policies for some policyholders who are in their 50s.
Eligible policyholders must be over the age of 56 and have an average life expectancy of 20 years or less, Advanced Settlements says.
The policies must be term life policies with universal life conversion privileges that have been in force for at least 2 years and have death benefits ranging from $250,000 to $5 million.