Qualifying Worksheet for Sale of Life Insurance Policy - Independent Insurance Agents of California

Skip to content

Independent Insurance Agents of California
OTC Insurance Services
License # 3013582

Home
Request Insurance Quote
FAQ
Our Team
Don’t Let This Happen to You
Hard to Place Insurance Coverage for HOAs
Sell Your Life Insurance Policy
Articles
Contact Us
Important Resources
Charitable Giving
Glossary of HOA Insurance Terms
Glossary of Common Insurance Terms

Qualifying Worksheet for Sale of Life Insurance Policy

Male age 74 or less or Female age 71 or less
Cash value exceeds 30% of death benefit
Male age 75 is 78 or Female age 78 to 81
Cash value is 20-29% of death benefit
Male age 79 to 83 or Female age 82 to 86
Cash value is 10-19% of death benefit
Male older than 84 or Female older than 87
Cash value is less than 10% of death benefit
In good health
Loan value exceeds 30% of death benefit
Minor health problems
Loan value is 20-29% of death benefit
Significant health problems
Loan value is 10-19% of death benefit
Terminal or major illness
Loan value is less than 10% of death benefit
Whole Life Policy
Premiums exceed 4% of death benefit annually
Variable Life Policy
Premiums are between 3% and 4% of death benefit annually
Term Life Policy
Premiums are between 2% and 3% of death benefit annually
Universal Life Policy
Premiums are less than 2% of death benefit annually

Insured's Name

Address

Address Line 1

Address Line 2

Policy Owner if not the Insured

Home Phone

Cell Phone

Insurance Company

Policy Number

Face Amount of Policy

Cash Surrender Value

Date of Policy

OTC Insurance Services
a California Corporation

5737 Kanan Road, Suite 630
Agoura Hills, CA 91301

Office: 818-658-1500

CAInsuranceAgents.com

License # 6013582

†

Copyright © 2025. Independent Insurance Agents of California. All Rights Reserved.