Life Settlements of the present are no longer what they were in the past. They are, however, just as valuable, if not more. It was the Wild, Wild West 20 or so years ago selling Life Settlements, but now Congress has regulated them and also understands the value they add. Just look up H.R. 7203 and see the guidelines.
Life Settlements are a unique financial benefit for seniors that reward the owner of a life insurance policy with higher value for their policy as they get older and sicker. During the Coronavirus Pandemic, seniors with a life insurance policy own a very stable asset that is increasing in value as this health crisis continues. Life insurance companies are reluctant to issue policies in today’s environment, but the life settlement market is booming.
- Life settlements are a tax-advantaged way to get the most out of an unneeded or unwanted life insurance policy. Term policies in and out of conversion, underfunded UL polices and in some cases Whole Life policies.
- Your clients are seeing life settlement ads on TV every day—if you are not talking to them about this financial solution someone else is reaching out to them
- There are no costs or fees to process a life settlement, and the entire transaction can be completed remotely in 90 days or less on average
- Nine out of ten seniors are in danger of abandoning a life insurance policy! Life Settlements help your clients get the true value from an asset they already own instead of throwing it away.
Never let your client abandon a policy with looking at the life settlement option first
Life Settlements are an innovative way to repurpose your senior clients’ life insurance policies into cash or living benefits they can use to fund their retirement and long-term care needs through new types of life settlement SOLUTIONS.