Question on Comp for a Life Settlement

Discussion in 'Life Settlements Forum' started by insjockey, Oct 19, 2016.

  1. insjockey
    Offline

    insjockey New Member

    Posts:
    3
    Likes Received:
    0
    I have looked on here and did not see what I was looking for so I am asking..

    I am close to getting my first life settlement done. Client had a 10yr term running out, in terrible health and could not afford to convert.

    Was about to let the policy lapse.

    I will get to convert the policy, about a 22K target, so that is very nice but do you typically take anything else? The buyer is saying it will be a gross offer so it is up to me what I take and the client gets the rest.

    What is the norm?
     
  2. melvillecapital
    Offline

    melvillecapital New Member

    Posts:
    1
    Likes Received:
    0
    Hi insjockey- I am happy to give you the insight you seek. Feel free to call me at 212-380-4277 or email me directly at rstark (at) melvillecapital com .

    Regards,

    Rob Stark
    Melville Capital
     
  3. jetsetter dream
    Offline

    jetsetter dream Expert

    Posts:
    22
    Likes Received:
    0
    State:
    Georgia
    Did you go through a settlement broker for this transaction? Also, I'm assuming you didn't disclose up front what the commission rate would be? Here is an article from 2006 to answer your question. It is a little outdated, but the fundamentals are the same. I can't post links yet, but just change the "dot" to a "." and search in a new window.

    www dot glenndaily.com/wmpwrb5a.htm
     

Share This Page