Life Settlements were expected to top $19 billion in 2006 and it is predicted that the Life Settlement Industry "will grow…to $160 billion over the next several years." (Source: Bernstein Investment Research of New York City, 2006). The number of individuals in the United States over age sixty five (65) will grow from 34 million today to a projected 69 million by 2030 – representing over twenty five percent (25%) of the US population (Source: US Bureau of Census). These statistics highlight the explosion and rapid expansion of the Life Settlement Market and its entrance into the mainstream financial planning industry:
Estate tax repeals may also have a major impact on the percentage of seniors considering a settlement. Lower estate taxes and higher exemptions mean that existing life insurance coverage may become obsolete and a life settlement will be a very profitable alternative to cancellation.