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Settlement Firm To Handle Large Term Policies

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The Life Settlement Company of America L.L.C. is offering to broker settlement agreements for renewable level-term life policies.

Life Settlement Company, Livingston, N.J., says it can find buyers for term life policies with high face amounts even though the policies have no cash value.

The ideal insured would be a male ages 68 to 80 with a standard or preferred rating and a policy face value of between $500,000 and $5 million, Life Settlement Company says.

The company is seeking policies that are renewable to age 90.

All policies must be in force and past the contestability period, and no life expectancy reports will be required, the company says.