We recently assisted a client who had been involved in an automobile accident that resulted in a broken leg.  When the attorney brought the case to us and requested quotes, he seemed surprised at our request for her medical files.  The attorney was under the impression that a broken leg would have no rendering on a rated age.  In reality the life insurance companies do not segregate the medical files and only consider this one injury when making their valuation.

The attorney sent us the medical records for his client, and we presented a summary to the life insurance companies depicting the overall health of the client.  We received a medical analysis from seven life insurance companies ranging her Rated Age from 36 (standard) to 40.  Four years may not seem like a big deal, but when the life insurance company is quoting you on the rest of your expected life, it makes all the difference.

This four year rating meant the difference of $8,157 in guaranteed benefit, and a total of $48,889 in expected benefit (assuming she lives her full natural life).

Rated Ages are an important part of the Structured Settlement Industry.  Make sure your Settlement Planner is taking a look at all of your options.  Our clients are glad that we do!