Life Insurance Settlement

Life Insurance Settlement Education

2009-09-28T14:19:00.000-07:00

It is now time to start learning about or educating your clients about Life Insurance Settlements.

I will provide a few links that should help you get started. As with any product it may take a little while to learn, but the product is very easy to understand once your grasp the basic details. Please do remember all cases are different, and offers will also be different on every settlement.

Here are the links:
Life Settlement
Life Settlement News
Life Settlement Information
Life Settlement Fraud
Life Settlement Jobs
Life Settlement Marketing

If you have life settlement questions please call 1-888-973-8377.

Life Insurance Settlement Fraud

2009-08-26T13:09:00.000-07:00

Examples of fraud in the life insurance settlement market include Ponzi schemes, fraudulent life expectancy evaluations, inadequate premium reserves that increase investor costs, and false promises of large profits with minimal risk.

It is important to learn more and protect yourself against Life Settlement Fraud.

Numerous forms of due diligence should be completed when discussing investments with hedge funds and premium finance companies.

Sell Your Expensive Life Insurance Policies for Cash.

2009-06-03T14:09:00.000-07:00

Sell your expensive life insurance policies for cash.

What do you need more? Cash now or money to leave once you are gone? Here are the criteria you should consider-
--If you feel leaving the money to your estate is more needed than your need for money right now, this may not be your best option.
--If you can easily afford the life insurance payments and you have no need for additional cash now, then this may not be something that you need.
--If your need for cash now outweighs the need to leave money to your estate, then you might want to check into this further.

Examples of this might be; needing money for medical expenses, needing money for home health care or a nursing home or needing additional money to maintain an acceptable quality of life. Many people as they get older and find that their retirement is not sufficient to cover their basic needs either try to go back to work or move in with their children. If you find your self in this situation but want neither of those options, this might be an option that works for you and your children.

--If you are faced with high debts or are in danger of losing your home, this might be a good option for you. There are a few situations where this would be an extremely good option for you, they are;
--If you are considering letting your insurance policy lapse because the monthly premium is too expensive. Do not do that. If you do you will get nothing and your family will get nothing. It would be better to sell your policy and get cash now.
--If your term policy is about to expire and to renew it, the premiums would go up, instead of letting it lapse, sell it for cash now.
--If you have no beneficiaries to leave your money to, then you might want to sell the policy and get the cash now.

The average Life Settlement provides up to 300% of the cash surrender value of the life insurance policy. Many people finding themselves in financial need choose to close their life insurance policy and take the cash investment that has built up. Why settle with the insurance company when the average Life Settlement provides up to 300% of the cash surrender value of the life insurance policy.
Regardless of the reason, it is always better to evaluate life settlement than to simply let the policy lapse.

--Offers to buy your life insurance will vary. Here's why: Wall Street investors have different needs for their investment portfolios and each has their own interpretation of life expectancy, which is the single biggest factor in determining the settlement offer - aside from the face value of the policy. Your settlement amount will be determined by the following factors: Policy face amount; Cash surrender value of the policy; Premiums; Your age; the type of policy you have; & your health.

There are no upfront costs to the person selling the policy. If the policy is successfully sold, then your only cost is the broker's commission. We will disclose our fee to you in advance, so you have a clear idea of what the net benefit will be from your life settlement transaction.

Life Insurance Settlement Interest Growing

2009-03-12T08:17:00.000-07:00

With the tight credit and financing markets, many seniors are starting to feel the pinch. They are also starting to do their research about Life Insurance Settlements. For most it makes sense if the premiums are too high, why not sell the policy for a lump sum that you can utilize now.

Needed Cash May Be Simple As An Unneeded Life Insurance Policy. See what your policy can earn in the Life Insurance Settlement market. Life settlements can be an excellent source of funds - anywhere from 3% to 40% of your benefit's face value (death benefit).

Call 1-888-973-8377 for a free qutoe and evaluation.

New Option for Whole Life Life Settlements

2009-03-04T14:25:00.000-08:00

There is a new option for persons with Whole Life Insurance Policies. They are now able to generate cash. In the past, individuals had little to no options if they no longer wished to keep their policy or wanted to cash out a policy they held. The options were: surrendering the policy as paid-up, surrendering the policy for the cash value, or lapsing the policy—none very appealing.

This new option is more viable: The Life Settlement can be used for Whole Life Policies because secondary markets have now created programs for them. Institutional investors and investors looking for good rates of return in non-market correlated instruments, will purchase these policies for amounts that greatly exceed the policies Cash Value. Whole Life insurance policies have a higher fair-market-value as determined by a Life Settlement broker, and they will submit your policy to multiple funders, or investors, and thereby generate a large lump sum for you.

For example, for a 76 policy holder, with 5 million dollar policy, Universal Life, with no cash value. He was able to secure an offer for over 1.5 million for his policy. With numbers like this, your life insurance becomes an extremely valuable liquid asset that can be used to enhance your overall retirement.

With a lot of information out there regarding Life Insurance Settlements. I found a great article over at Life Settlement Info. You will enjoy the read:

Life Insurance Settlements

There is also a life settlement worksheet and life settlement calculator that can you give you an immediate estimate if you could qualify for Life Insurance Settlement.

Call the free information outline for an info kit. 1-888-823-7764

Life Insurance Settlements Information

2009-01-30T07:29:00.000-08:00

With a lot of information out there regarding Life Insurance Settlements. I found a great article over at Life Settlement Info. You will enjoy the read:

Life Insurance Settlements

There is also a life settlement worksheet and life settlement calculator that can you give you an immediate estimate if you could qualify for Life Insurance Settlement.

Call the free information outline for an info kit. 1-888-823-7764

How Safe are Life Insurance Settlements?

2008-12-30T13:39:00.000-08:00

How safe are Life Insurance Settlements? That is one of the big questions going on right now, with the current economic climate being the way it is. The low interest rates, suspect stock values, and poor economic projections for the foreseeable future has doubts being raised in all financial circles. This has even transpired to the Life Insurance Settlement market.

However bad the rest of the economy is however, Life Insurance Settlements are as safe as ever. The interest crunch and the low stock market value have had little-to-no effect on the safety of Life Insurance Settlements. In fact, they have actually increased the viability of the product and the demand for the service. The fact is that Life Insurance Settlements are based solely on the value of your policy, the amount of the premiums, and you. This makes this particular product recession proof and keeps the Life Insurance Settlement as one of the most secure senior investment programs on the market today.

Interestingly enough, Life Insurance Settlement companies have some of the best stock you can buy currently on the Stock Market. With the Blue Chip Stocks, dropping like flies, Life Insurance Settlement providers are actually growing and are on the Buy Now list for most stock brokers. To Read More about this: Click Here>>>>

More Life Insurance Settlement Benefits

2008-11-28T05:19:00.000-08:00

Life Insurance Settlements can offer a wide array of benefits to senior policy holders.

Some benefits are:
- Relief of monthly premium expenses
- Additional funds to supplement retirement income
- Higher cash payout than the cash surrender value
- Funds to seek treatments not covered by health insurance
- Funds for business growth of capital infusion
- Generate profit from a non–performing & often worthless asset
- Alternative funding for LTC policies, annuities or other investments

Life Insurance Settlements can be completed within an average of 90 days depending on how quickly insurance illustrations and medical records can be obtained.

Call 1-888-973-8377 for a Life Insurance Settlement Application. (There is no obligation or cost to see what your policy is worth.)

Visit these other Life Insurance Settlement Resources:
Life Insurance Settlement
Life Settlement Awareness
Life Settlement Business
Life Settlement Daily
Life Insurance Settlements

Life Insurance Settlement Appraisal

2008-10-29T05:30:00.000-07:00

With the economy in the state it is, maybe now is the time to explore a Life Insurance Settlement.

Are you age 65 or older and have a life insurance you no longer need? Does your policy have a value of $250,000 or over? Do you need money to pay for medical bills?

Like a home, automobile or investment portfolio, a life insurance policy can be transferred, bought and sold.

A life insurance settlement is the sale of ownership and beneficiary rights in a life insurance policy in exchange for a cash settlement. A life settlement is not for everyone and should be considered with the help of your professional advisor.

Below are examples of some of the many changes that may cause a life settlement to become an attractive alternative.
• To receive more money than the cash surrender value of a policy.
• To receive cash for a policy you no longer deem necessary
• A beneficiary has changed on the policy due to death or divorce.
• Children become independent.
• The policy’s original need is gone. For example, a home mortgage is now paid off.
• Money is needed to provide for the increasing cost of long-term care or medical assistance.

Receive an FREE Life Insurance Appraisal by calling 1-888-973-8377

Life Insurance Settlements

2008-02-15T09:17:00.000-08:00

Life Insurance can now be looked at as an asset.

The life insurance settlements marketplace presents consumers with an intriguing opportunity for seniors to invest in their own life insurance. In other words, the fact that life insurance is an asset that can be bought and sold like other types of property might encourage consumers to purchase more life insurance coverage once they know there is liquidity for that asset in the future.

Life Insurance Settlements also offer a new look on estate planning and investing needs. Family members can benefit by adding more insurance to an individual as an investment.

Read more about: Life Insurance Settlements

You can also call 1-888-973-8377 to speak with a Life Insurance Settlement specialist who can also run large life insurance quotes to find out how you and your family can benefit from this marketplace.

Life Insurance Settlement Cash

2007-12-24T07:41:00.000-08:00

Ever wonder why so many Life Settlement Companies and brokers, refer to your life insurance settlement as cash?

Well let me explain, you when you decide that you want to sell your life insurance policy there is a quick but thorough diligence completed about your policy, medical condition, and other factors. After the diligence is completed, the policy is placed on the Life Insurance Settlement market.

The offers you receive on your policy are paid within 24-48 hours after the required insurance change forms are completed. This payment can be made via wire or overnight check. The escrow company that handles the Life Insurance Settlement transaction handles that immediate payment.

After receiving payment there is no required payment of premiums or any servicing fees. Your settlement amount is paid in full, no annual or annuity payments in Life Insurance Settlements.

So to sum it all up, you aren't geting a bag full of cash, but it is the closest thing. From start to finish, you could receive you settlement within 4-6 weeks of application.

There is no cost or obligation for a Life Insurance Settlement (Life Settlement for short). Call 1-888-973-8377 today for an application and free evaluation.

Small Face Life Insurance Settlement

2007-08-30T10:09:00.000-07:00

I just caught word that Life Settlement Pro is now looking at small face life insurance policies. Life Settlements usually have a required face value of $250,000.00 When I say small, I do not mean $250k, they are going as low as 50k! The range is 50k - 500k, the only difference is a larger app with more health related questions.

From my understand the process is similar to Life Insurance Application, where you disclose your current health status and usually have to do a physical or some type of exam. This Small Face Policy Life Settlement program is similar because you will only be required to answer questions via the app or a phone interview.

I have a feeling that the offers on these type settlement will be a little bit lower because they are smaller in face value. But it opens up another market for these size policies. It is also great news for the consumer cause now instead of lapsing or surrendering a small policy they can receive a cash settlement.

This program works great for term insurance policies that most people will assume has zero value when the terms ends. As long as the term policy can still be converted it can be sold.

Feel free to call Life Settlement Pro at 1-888-973-8377.

Life Insurance Settlement Cash Value

2007-05-20T07:42:00.000-07:00

A Life Insurance Settlement can sometimes provide up to 5 times the cash value of your current life insurance policy. On a term policy the amount is endless due to zero cash value of a term product.

But folks needn't suffer the loss of the cash value of the policy just because they can't afford to make the premium payments. Instead, these policyholders should consider a "life insurance settlement" - that is, selling the policy to a third-party settlement company.

These life insurance settlement companies often provide three to four times the cash that the insurance carrier will offer.

For example, a 78-year-old Manhattanite with a $400,000 face-value policy might receive a $40,000 settlement - when the insurance carrier might have offered a surrender value of about $10,000.

Call 1-888-973-8377 for Life Insurance Settlement Help or Assistance!

Life Insurance Settlement Transactions

2007-01-30T13:37:00.000-08:00

Premium Financed Life Insurance Settlements are more complicated transactions.

Life insurance settlement transactions have varying degrees of rigidity—some cannot be changed, while others may be modified—so clients must consider the consequences of entering into these deals carefully. In most cases, people who exploit all their insurance capacity by obtaining a policy to provide death benefits for their families, and by then monetizing the balance, cannot increase the amount of insurance they carry, unless their insurability value (that is, their net worth) increases.

Next generation life settlement transactions eliminate any excuse for neglecting insurability as an asset. Insurance can now be used to generate a very significant impact on one’s current overall net worth during an insured’s lifetime. Prospective clients are no longer restricted to only very senior ages.

Premium Financed Life Settlemnts can help clients to identify, vet and or structure transactions that are most appropriate for their age, net worth, financial and charitable goals.

Call 1-888-973-8377 to speak with a Life Settlement Professional. LifeSettlementPro.com can assist your Life Insurance Settlement needs.

Life Insurance Settlement Panel

2006-12-20T14:03:00.000-08:00

Life Settlement Information Panel Geared toward the Financial Planner.

Decide for yourself what role life settlements will play in your practice as you listen to three distinct perspectives on this fast-growing and controversial segment of the life insurance industry. Our panel of experts will debate the positive and negative aspects of life settlements, the regulatory issues that must be understood, and the various situations that present a challenge to the financial/insurance adviser. Count on the moderator to keep the discussion lively by drawing attention to the ethical implications of each point of view.

To offer Life Settlements to your clients call 1-888-973-8377. Full marketing support and materials will be provided.

More Life Settlement Information:
Life Settlement Info
Life Settlements
Life Settlement Broker
Life Settlement Auctions

Life Insurance Settlement Spitzer Lawsuit

2006-10-31T12:14:00.000-08:00

Mr. Spitzer’s suit contends that Coventry violated New York’s antitrust statutes and induced brokers to commit fraud.

The larger goal of Mr. Spitzer’s inquiry, investigators said, is exposing widespread problems within the life-settlement business.

“Some of these practices are typical across the entire industry,” said David Brown, the chief investigator on the case. “There’s nothing inherently wrong with this market, but if you are going to get into this business, you have to be fair and transparent.”

Actions against other life-settlement brokers and investors are expected.

Some industry experts said Mr. Spitzer’s lawsuit might actually benefit the industry.

“In the short run I think it will actually highlight the potential for cashing in on unwanted life insurance policies for both policy holders and investors,” said Elliott M. Kroll, a New York lawyer who specializes in working with life-settlement investors.

But some life-settlement investors said they were worried.

“If brokers aren’t acting in their clients’ interests in representing them to buyers like Coventry, that’s a real problem,” said Doug Head, executive director of the industry’s trade group, the Life Insurance Settlement Association. “This has been a controversial business since it was created. We need state regulations to make sure the public perception of our business isn’t damaged even more.”

From:
http://www.nytimes.com/2006/10/27/business/27life.html

More info:
http://www.lifesettlementpro.com/news/spitzer-accuses-philadelphia-life-settlement-firm-of-fraud/
http://www.lifesettlementpro.com/news/

More info about the Life Insurance Settlement Association
http://settlement-life-insurance.blogspot.com/2006/03/life-insurance-settlement-association.html
http://www.lisassociation.org/

Life Insurance Settlement Examples

2006-08-14T08:18:00.000-07:00

Life Settlement Case Studies

Life Insurance Settlements are a new financial planning tool that can unlock value in an unused asset. Each Life Insurance Settlement case is different due to the fact that invidual factors play a huge role, including age, health, premium, face amount, cash surrender value, policy rating, and more. Each Life Insurance Settlement case is individually assessed and prices. Below are a few examples I have found. (I can not back up the validity of these cases).

Case 1

A 71 year old male with health challenges owned a $750,000.00 term policy* nearing conversion. Insured utilized a life settlement and received $185,000.00. This allowed him to complete the conversion to permanent protection.

*Term insurance is not permanent protection. In other words, the insured may outlive the coverage of the policy. In this case the insured had the option to convert to permanent insurance witout evidence of insurability. The funds received from his life settlement made this possible.

Case 2

A 79 year old female owned a $7,500,000.00 policy with a cash surrender value* of $30,000.00. Insured utilized a life settlement and received $1,200,000.00 and purchased a current generation life insurance product.

*In this case, the cash surrender value is the amount of money the savings portion of her policy had built up over time. This is the amount the insured would have received if she simply surrendered her policy to the insurance company. As you can see, the difference between surrender and a life settlement is substantial. Although she chose to by a current generation life product, the proceeds could have been used for any purpose.

Case 3

A 76 year old male owned a $3,000,000.00 universal life policy with a cash surrender value of $120,000.00. The original intent of the policy was to cover estate taxes on a property owned by the insured. The property was later liquidated and the policy was no longer needed. Insured utilized a life settlement and received $300,000.00.

Case 4

The trust of a 78 year old female owned a $2,550,000.00 universal life policy with a cash surrender value of $28,000.00. The clients trust no longer desired to maintain the policy due to its high premiums. The trust utilized a life settlement and received $495,000.00.

Case 5

A 79 year old male was diagnosed with coronary artery disease. His 20- year term was reaching its conversion deadline. He could not afford the conversion and letting his $250,000.00 policy lapse would leave him nothing. Utilizing a life settlement he sold his policy for $75,000.00 recovering all of his premiums and making a profit. He used the proceeds to pay off debts, take a vacation and add to his retirement portfolio.

Case 6

The trust of a 77 year old male owned several universal life policies totalling $13,000,000.00. The trust utilized a life settlement and received $2,500,000.00. The trust then purchased $27,000,000.00 of current generation universal life and variable universal life products.

Source: PolicyRefund

Life Insurance Settlement Policies

2006-07-13T11:16:00.000-07:00

Life Insurance Settlements can be an immmediate remedy for life insurance policy.

Do not discontinue old insurance policies without checking to see if a settlement is available. Those who did purchase cash value policies decades ago and are thinking about dropping them because they can no longer afford the premiums or have borrowed nearly the entire cash value, may be in for a pleasant surprise. "Life Settlement" also known as a "Life Insurance Settlement" or "Senior Settlement" companies now exist to purchase those policies for up to a third or half of the death benefit while the settlement company continues paying premiums. This can be a solution for elderly individuals who want to cover the cost of remaining in their home for a few years. Don’t let the policy lapse or terminate before talking with a qualified financial advisor or life settlement broker. There is never a fee or cost to determine if your policy qualifys for a life settlement. What can you lose? Give it a try!

Life Insurance Settlement Market

2006-06-12T13:39:00.000-07:00

Background of Life Insurance Settlements Market

A Life Insurance Settlement is the sale of an existing life insurance policy for a lump sum of cash that is more than the cash surrender value, sometimes 3 to 4 times. The amount paid to the seller is calculated based on the policy's face value and specific life expectancy of the underlying insured. Each policy is individually assessed.

The US market is highly regulated on a state-by-state basis with strict confidentiality and disclosure requirements. Life Insurance settlements are currently regulated in 20 states in the US. Currently, more than US$9 trillion of life insurance policies are in force in the United States, of which US$150 billion are eligible for life insurance settlement. The life insurance settlement industry has grown from $0 in the 1990's to US$13 billion.

A Life Insurance Settlement is a viable financial planning tool. Find out if your or your client's life insurance policy can qualify for a settlement by calling 1-888-973-8377.

Life Insurance Settlement Question

2006-05-10T12:03:00.000-07:00

What are Life Insurance Settlements?

Life Insurance settlements is a transaction whereby a life insurance policy owner (the seller) satisfying a certain criteria set by the provider transfers the future death benefit and also the premium commitments to a life insurance settlement provider (the investor) for a upfront cash payment.

The industry sprung from viatical life settlements where policy owners who were suffering terminal illnesses and near death needed a lump sum payment immediately to pay for medical care and fees.

Non-viatical life settlements does not necessarily require the policy owner to be severely ill but usually over age 65 so that investors can actually earn a healthy return and also actually convince the policy holders to sell their policy as the cash offers made will be subtantially higher than the surrender values offered by the life companies. Additionally, sellers are usually motivated by liquidity requirements when they sell their policy.

Some common eligibility criterias structured to maximise investor returns are listed below:
- Life insurance company must have strong credit rating
- Minimum policy face value
- Term, whole life, universal life, joint-survivorship
- Age 65 or older

For more information, please call 1-888-973-8377 or request a Free Policy Evaluation

Life Insurance Settlement Lump Sum

2006-04-17T08:17:00.000-07:00

A life insurance settlement is the sale of a life insurance policy (whole life, term, universal life, etc.) covering the life of one or more individuals with an “ascertainable and limited” life expectancy. A life insurance settlement is usually most beneficial seniors over the age of 65.

Some basic qualifications for a life insurance settlement are the above-mentioned age and health requirement, policy is assignable and beyond the contestability period, and the policy must be issued by a US insurance company. The higher the insurance company rating could provide a higher settlement amount.

The policy owner is paid a lump sum in cash in exchange for transferring ownership of the policy and premium requirements to the purchasing funder or company. The amount paid to the seller is stated as a percentage of the policy’s face amount and is calculated based on the specific life expectancy of the underlying insured. Each life insurance settlement amount is calculated on a case-by-case basis.

To find out how much of a lump sum would be available to you, call 1-888-973-8377. Or fill out of the FREE Life Insurance Settlement Quote form.

Life Insurance Settlement Payout Amount

2006-03-27T07:23:00.000-08:00

The amount (payout) provided in a Life Insurance Settlement reflects the discounted future value of your life insurance proceeds. There are several important factors in the computation of a present value amount. These factors include the expected amount of time for collecting the life insurance proceeds as reflected in the insured's life expectancy estimate, the annual cost of maintaining premium payments and a discount rate. A Life Insurance Settlement is also referred to as a Life Settlement, Senior Settlement, or Senior Life Settlement.

Call 1-888-973-8377 for free life settlement counseling and answers to any of your questions.

Life Insurance Settlement Association

2006-03-15T11:58:00.000-08:00

The Board of Directors of the Life Insurance Settlement Association met in Atlanta, Georgia, on March 9, reaffirming the mission of the Association: to promote the development, integrity, and reputation of the life settlement industry and to promote a competitive market for the people it serves, including the insured, policy owners, insurance companies, and investors.

"The Life Insurance Settlement Association supports the long-standing concept of 'insurable interest' and the requirement that the policyholder has an insurable interest in the insured's life at the time a life insurance policy is issued. This concept protects insureds, policy owners, beneficiaries, life insurance companies, life insurance settlement companies and provides integrity to life insurance products.

"The Life Insurance Settlement Association is and always has been opposed to investor-initiated life insurance transactions that are intended to circumvent insurable interest law. Legitimate premium finance loan transactions can be a useful means by which the costs of paying for life insurance can be properly financed. The Life Insurance Settlement Association opposes loans that attempt to use the life settlement transaction to validate illegitimate premium financing transactions."

Call 1-888-973-8377 to speak with a Life Settlement Expert

Increase your Life Insurance Settlement

2006-02-07T12:06:00.000-08:00

A Life Insurance Settlement is also referred to as a Life Settlement, Senior Life Settlement, or a Senior Settlement.

To increase your life insurance settlement, you want to attract several interested potential buyers. The goal is to get the best price for selling your life insurance policy. These buyers specialize in the investing of life insurance policies. To be a seller, the person must be at least 65 years old, the policy is at least $100,000 and have a life expectancy less than 15 years. For the potential seller, if they no longer have a need for insurance and have medical bills to pay, a life settlement could be a solution. Life insurance settlements tend to pay more than the cash value of the insurance policy.

Once finalized, a life insurance settlement provides the seller cash. The money can be used for paying medical bills, funding retirement and providing cash for family members. To find out the potential cash value of your life insurance policy, call 1-888-973-8377 free quote.

We also have educated counselors and support staff to answer any questions you may have. There is not cost or obligation for counseling. Call 1-888-973-8377.

Life Insurance Settlement Qualify

2005-12-19T13:42:00.000-08:00

Qualifing for a Life Insurance Settlement is simple. There are just three simple requirements to get you started on the road to financial peace of mind.

Life Insurance Settlement Requirements:

- You must have the life insurance policy for at least two years.
- Face Value/Death Benefit of life insurance policy must be greater than $100,000.
- Over the age of 70 or 65 with some health issues
- Insurance Policy type can be term, universal life, whole life, corporate life, key man, joint survivorship, government issued policies, some group policies.

Other policies may qualify

If you feel you may qualify regardless of age based on current medical condition, call us at 1-888-973-8377 today for our specialized life insurance settlement services that will make a difference now.