How does a lifetime settlement differ from a vehicle VR call settlement under life insurance policy a lifetime settlement does not require a terminal eels we are technical said settlement does be a lifetime settlement is available to all policyholders VR settlement is available only two healthy insurance seniors typically does between the age of $55$ and $65$C a lifetime settlement is between the insurance company and the insured settlement is between the insured and the third$-$party lifetime settlement will equal the policy that benefits are equal policy is less than the policy case value