How the Life Settlement Market Can Impact Your Practice

Discussion in 'Life Settlements Forum' started by Steve Savant, Apr 21, 2014.

  1. Steve Savant
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    Steve Savant Well-Known Member

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    There is little doubt that retirement resources may be strained for most seniors. Personal property like a life insurance policy may not be viewed as a cash asset by a retiree. It could be a backstop or cash reserve to supplement shortfalls in retirement income. Currently the inventory of life insurance policies is low and the demand in the life settlement is high. Reviewing in force life insurance policies may generate the income seniors are looking for. Life settlement experts Erez Rotem, J.D. & Alex Sirotkin on Let's Get Down to Business featuring The Life Settlement Series.

    How the life settlement market can impact your practice | Life Settlement - YouTube
     
  2. LSA
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    LSA New Member

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    I agree with this 100 percent.
     
  3. TerenceBeltran
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    TerenceBeltran Guest

    Yes, it’s truly justified that instead of saving a cash asset one should have a life settlement plan, but before that you must have to contain a complete knowledge about the process.
    A Life Settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. It offers a reasonable and profitable exit strategy that reports the financial goals of policy holders. Hence, there is absolutely no reason to hold onto an unattractive policy when higher guarantees and higher coverage at lower premiums are a market option.
     
  4. MariannaWeiner1
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    MariannaWeiner1 Member

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    So how do insurance advisors engender trust and build rapport with estate and tax planning professionals — some of whom have a pivotal role in deciding whether a life settlement is the best course of action for their clients?
     
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