Life Settlements

Life Settlements News and Updates

2009-09-28T14:13:00.001-07:00

Found a couple good resources for both Life Settlement Reviews and New, and additional industry related events.

Here they are:
Life Settlement News - Updated with Life Settlements news and press.
Life Settlement Updates - Updates from a very large Life Settlement Hub (LifeSettlementInfo.com)
Life Settlement Information - Directory for life settlement professionals and companies.

Life Settlements Help

2009-08-26T13:14:00.000-07:00

Finally, a help line for Life Settlements!

I was over on LifeSettlementInfo.com and I was surprised and happy to see they now have a a Life Settlement Helpline for both consumer and professionals. This allos individuals to call into the help line with questions or with information requests, and a specialist or professional will follow up to provide assistance.

Give it a call for yourself. 1-888-823-7764

What is a Life Settlement?

2009-06-03T13:56:00.000-07:00

Life Settlements

What is a Life Settlement?
A life settlement is defined as a financial transaction in which a policy owner possessing an unneeded or unwanted life insurance policy sells the policy to a third party (the funder) for more than the cash value offered by the life insurance company. The purchaser becomes the new owner and beneficiary of the policy and is responsible for all subsequent premium payments. Or simply stated, a life settlement is the sale of a life insurance policy for a lump sum that is greater than the policy’s cash surrender value, but less than its death benefit.

Until recently, a policy owner had few options when it came to life insurance that they no longer needed, wanted or were able to afford. They could either surrender the policy back to the insurance company for the cash surrender value or simply allow the policy to lapse and lose what they had paid into the policy over the years. A life settlement offers a new option — a lump sum payment potentially in excess of the cash surrender value.

Life settlements have enabled policy owners to tap into their life insurance policy's potential liquid asset value. Life settlements are quickly growing into an invaluable financial planning tool for financial advisors, particularly in situations where their client’s needs or circumstances have changed. Anyone considering a life settlement transaction is strongly encouraged to discuss all of the relevant

Who is a Good Candidate?
The general guidelines as to who constitutes a good life settlement candidate are:

--The insured must be at least 65 years old, although an insured 70 years of age or older is more attractive.
--A life insurance policy with a minimum face value of $100,000, although a policy of $1,000,000 or greater face value will generate more funder interest.
Universal, variable, whole life along with convertible term and survivorship life insurance policies are attractive to funders with universal life being the most ideal type of life policy.
--An insured with a life expectancy of greater than 2 years but less than 15 years.

When you are looking to receive a Life Settlement, you will need to complete these steps:

Step 1: No Cost Policy Evaluation
You will need to fill out some brief forms for the policy owner to complete. All information is kept confidential. The Life Settlement company provides an internal policy evaluation for the policy owner. This evaluation is a preliminary review that indicates the policy's marketability. The evaluation will help a financial advisor when consulting with a client in determining whether or not a life settlement is the proper course of action to take.

Step 2: Authorization
After deciding to move forward with the life settlement process, and with the policy owner’s and insured’s permission, The Life Settlement company will compile the necessary documentation such as medical records and verification of coverage.

Step 3: Submit to Funders for Bidding
The Life Settlement company submits the policy and corresponding documentation to several institutional funders in order to receive the best offer on a policy.

Step 4: Offers are communicated to the Producer and their Client
Once The Life Settlement company provides you and your client with an offer, your client can decide whether to decline or accept the offer and proceed with the settlement closing process.

Step 5: Closing/Settlement
If the life settlement offer is accepted, The Life Settlement company facilitates the process of settling the policy. Closing documents are executed and funds are placed in escrow. When the policy ownership transfer has been confirmed, the settlement funds are released within 72 hours. Start to finish, the process takes approximately 60 to 90 days.

After the closing, the institutional funder is now the new owner and beneficiary of the policy and will be responsible for the payment of all future premiums. Upon completion, the seller has no further costs or obligations related to the insurance policy.

Careers in Life Settlements

2009-03-12T07:58:00.000-07:00

Are Life Settlement recession proof?

The industry says no, but there is continued growth and employment opportunites throughout the Life Insurance Industry.

You can review job openings at Life Settlement Jobs

Currently seeking licensed Life Insurance Agent with a strong business sense and an entrepreneur personality. The ideal candidate must be self- motivated, professional and possess excellent communication skills.

This is a great opportunity to come learn the advanced markets of insurance, including life settlements and premium finance! Offering top commissions, over-rides, bonuses, lifetime residuals, with unlimited training and support. With a wide range of products from all the top carriers, marketing support and lead sources.

Life Settlement Information

2009-01-30T07:21:00.000-08:00

With a growing product and industry like we are seeing with the Life Settlement product, everyone is constantly looking for a strong information source, I think we found it...

Life Settlement Info could also go by Life Settlement Information.

It is a very consumer and professional friendly site packed with information, overviews, tools, calculator, quotes, and more. Also a friendly listing of Life Settlement Companies as well as an updated Life Settlement Blog.

You gotta check it out, you can also call their toll free number to request a free information kit. Number is 1-888-823-7764.

Small Businesses Use Life Settlements to Survive Crisis

2008-12-30T12:59:00.000-08:00

Here is a really interesting article that I found on Life Settlements becoming a tool for small businesses to use as a "life vest" in the current economic crisis. It generally provides the ability to increase capital while avoiding increasing the debt structure of the company or forcing the liquidation of company assets more vital to ongoing business.

The article was found on InvestmentNews.com and it reads...:

Cash-strapped small businesses looking for a lifeline may find one in an unlikely asset — life insurance policies on the companies' owners.

While life settlement experts caution financial advisers that tapping into insurance policies is fraught with tax and estate-planning risks, some business owners may be tempted to sell their policies if other financing options are unavailable.

"The market for life settlements is small and illiquid, and using it puts an estate-planning tool at risk for very short-term liquidity issues," warned Kimberly Kitts, founder and president of Marquis Consulting LLC, an Orleans, Mass.-based company that specializes in working with business owners.

For one company, however, life settlements have proved helpful.

X-Rite Inc., a Grand Rapids, Mich.-based marketer of the Pantone color system — used widely in the publishing and printing industries —recently needed cash to pay down more than $340 million in outstanding debt and help fund a $175 million recapitalization.

With credit short and cash tight, the company looked at the life insurance policies it held on its founders, who are in their 80s. Annual premiums on the buy-sell policies amounted to $6.7 million, straining X-Rite's budget.

Robert Finfer: Life settlements are an option when assets are illiquid.
The company decided to sell the policies, and by early November received about $20.6 million through life settlements. "That is a significant amount of cash when you're talking about illiquid assets," said Robert Finfer, president and chief executive of Integrity Capital Partners, the Bethesda, Md.-based life settlements broker that helped X-Rite find purchasers for its policies.

To read the rest of the article, CLICK HERE>>>

Considering selling your life insurance policy?

2008-11-28T05:35:00.000-08:00

Life Settlement is the process of selling an unneeded or undervalued life insurance policy for a lump sum cash payout.

Life Settlements provide a unique opportunity to benefit immediately from the market value of an existing life insurance policy and reuse those funds for whatever purpose one chooses.

Previously, the owner of an unneeded or unwanted policy had only two options:
1. Sell the policy back to the institution that issued it for its cash surrender values (often a very low, if any, value at all).
2. Allow the policy to lapse, wasting years of paid premiums.
That doesn't have to happen to you...

As a licensed insurance professional, I can help you determine if Life Settlement is a suitable option for you. If it is, I will work to get the best possible value for your policy that fits your immediate needs. All personal information obtained during the course of the transaction is treated with the utmost confidentiality and will not be disclosed to any unauthorized party.

Call me today at 1-888-973-8377.

Roy Shellhammer

Life Settlement Fraud

2008-10-29T05:19:00.000-07:00

Life Settlements are quickly becoming a power option for seniors who have life insurance policies that they no longer need, want, or would like to sell for additional funds.

However, with the growth, there is also scams and frauds within the Life Settlement Industry that needs to brought to life.

Life Settlement Fraud posts news, updates, and releases of important information related to shady practices, unlicensed individuals/firms, criminal, investment fraud, and regulation aspects.

For regulation problems, don't hesitate to contact your state's department of insurance.

If you feel a broker, professional, or provider hasn't treated you fairly and you would like a second opinion on your policy or a current offer, please call 1-888-973-8377.

Wet Paper Life Settlements

2008-02-15T09:12:00.000-08:00

We keep hearing about the term "Wet Paper Life Settlements". This can usually refer to life settlements that are sold before the life insurance policy passes the 2 year contestable period.

Wet Paper Life Settlements that are policies that are issued are usually premium financed and have certain restrictions involved before being sold. Non-issued but approved policies have other restrictions including structuring of the trust, proving insurability, etc..

It is important to know that Life Insurance Companies will strictly underwrite new policy issues for seniors. If you cannot provide an insurable interest you could lose your license for fraud.

Call 1-888-973-8377 to see if we can assist with any potential, and inform you with the truth about Wet Paper Life Settlements.

Value in Life Settlements

2007-12-24T07:55:00.000-08:00

Most seniors still do not know that there is a hidden value in their life insurance policies. Policies are lapsing on a daily basis that could generate a 10-35% settlement on the face value.

An important fact is that their is not any cost or obligation in exploring Life Settlements. There is no reason to not at least explore the option of selling your policy before cashing in the cash value or letting it lapse.

Create new value for your life insurance with Life Settlements! Call 1-888-973-8377 today!

Life Settlements Credibility

2007-08-08T10:58:00.000-07:00

When exploring a Life Settlement solution for your life insurance policy, it is important to factor in credibility with the funding source or broker that you are using.

Many people will guarantee you a certain amount of money for you policy. However Life Settlements are not guaranteed until the policy and medical information is reviewed. Each Life Settlement case is reviewed and priced on a case by case basis.

It is also important to provide your life settlement source with up to date information about your health condition. This can have a tremendous factor on your offer.

Call 1-888-973-8377 with Life Settlement questions.

Life Settlements Value

2007-01-30T13:44:00.000-08:00

With a Life Settlement each case is looked at individually, there are quite a few factors that determine the amount of your life settlement, qualifying for a life settlement, and the available life settlement cash amount.

For example, your life settlement amount will be determined by the original amount of the life insurance, your life expectancy, the cost of the premiums, the current and projected interest rates and health of the insurance company that is providing the life insurance coverage. All of these factors are taken into account when determining your life settlement value.

Call 1-888-973-8377 to find out if you qualify for a Life Settlement. And RTG Consultants would be glad to answer any questions.

Life Settlement Benefits

2006-08-14T08:43:00.000-07:00

Life Settlements have become the #1 financial planning tool used to reduce or eliminate expensive life insurance premiums for seniors. Life Settlements have also become an exit strategy for unwanted or unneeded life insurance policies. The most obvious benefit of Life Settlements to senior policy owners is the new money created above cash surrender value. The additional funds can be used in many ways to improve a senior's financial position. The most common is to use the new larger sum of money created by the Life Settlement to fund a new more suitable policy with lower premiums. This saves the policy owner money on an annual basis. While this is the most common use, there are many possible benefits for a Life Settlement.

Get a Free Life Settlement Evaluation by calling 1-888-973-8377.

Life Settlements Lapse

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

Rather than let a life insurance policy lapse, you could sell it to a third party for a portion of the face value. The buyer continues to pay premiums and collects the death benefit when you're gone.

How much you'll get from a life settlement depends on your age (in most cases you must be at least 65) and the policy's face value (usually at least $250,000). Most life-insurance policies -- including term-life policies, which normally have no cash value -- qualify, as long as they're convertible. That means you can change them to universal-life or whole-life policies without furnishing proof of good health to the insurance company.

If you are thinking about letting your policy lapse or have a client who is going to let their policy lapse, call 1-888-973-8377 and speak with a Life Settlements Expert to see the true value of your life insurance.

Life Settlement Solutions

2006-06-12T13:11:00.000-07:00

Life Insurance Settlements are a popular solution for un-wanted or un-needed life insurance policies.

Life settlements are essentially the same thing as viaticals, except that the policyholder doesn't have to be terminally ill to sell.

Say you're a 60-year-old with a $1 million whole life policy that you don't want any more. Maybe you don't have children, or you just can't afford the premiums.

A life-settlement firm may offer you from 15% to 30% of the policy's face value (depending on life expectancy, cash value and type of insurance) to take over the premiums for you. That's three to four times what you'd get by simply cashing in the policy with the insurer, says Doug Head of the Life Insurance Settlement Association, which advocates for settlement purchasers.

When you die, the investors get the $1 million.

How do the investors make a profit? They're betting you'll kick the bucket before they have to make too many payments. If you do, they stand to reap a sweet return on their investment.

Call 1-888-973-8377 to speak with a Life Settlement Specialist about your solution.

Viatical Settlement

2006-05-10T11:51:00.000-07:00

What is a Viatical Life Settlement?

* Remember a Viatical Settlement is not the same as a Life Settlement (Life Insurance Settlement, Senior Settlement)

If the insured currently has a policy that has accumulated cash value and is currently in-force (and not lapsed or in danger of lapsing in the next month or so) then a senior life settlement is possible. A viatical settlement is offered to terminally ill clients. A life settlement would provide a lump sum, cash payment in an amount over and above what the insured would receive if he or she went to the insurance company and asked to cash out the policy. In some instances, the amount received is up to FOUR TIMES the cash "surrender value" that the insurance company would offer. This payout is made possible because the policy owner would assign the buyer of the policy as the new beneficiary. The life settlement amount received is more than the current cash surrender value of the policy.

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

Association Lauds FASB Decision on Valuation of Life Settlement Contracts

2006-04-17T08:13:00.000-07:00

The Life Insurance Settlement Association (LISA) today praised the Financial Accounting Standards Board's (FASB) amended position on the valuation of Life Settlement Contracts.

A life settlement contract -- generally referred to more simply as a life settlement -- is the sale to a third party of an existing life insurance policy for more than its cash surrender value but less than its net death benefit. Such transactions are usually undertaken for the purposes of estate or financial planning.

More:
Life Settlement Press Release

Founded in 1995, the Life Insurance Settlement Association is the oldest and largest trade organization in the industry. Its goal is to promote the development, integrity and reputation of the life settlement industry, and to promote a competitive market for the people it serves. LISA now represents 90 members with a wide variety of interests in the industry.

To get a free life settlement quote, please call 1-888-973-8377

Life Settlements, do not cash or surrender

2006-03-27T07:29:00.000-08:00

Life Settlements are quickly becoming the best option if you have a life insurance policy that your planning on surrending or letting lapse.

In the past, there was only one way to measure insurance policy value, the surrender value dictated by the insurance company. This cash value reflected neither the amount of premiums paid into the policy nor the fair market value (settlement value) that other institutions might be willing to pay for that policy. The result, (cash) surrender value of a policy is often lower than the fair market value. Many people have no idea what the true value of their life insurance policy, a life settlement will help you determine the true value and show the amount over the cash value that is available to you. There is never any obligation or costs for a policy evaluation.

Get a Free Life Settlement Evaluation today.

How Life Settlements Work

2006-03-15T12:24:00.000-08:00

Here's how the life settlements business works. Some life settlement firms and companies are bankrolled by hedge funds, pension funds, and in some cases large insurers like AIG (AIG ). The settlement firms buy the policies from individuals on behalf of investors. The life settlement company then acts on behalf of the investors, who become the owners and beneficiaries, and pays the premium until the insured dies. The firm collects the death benefit and pays its investors anywhere from 9% to 12% annual return. Other firms buy and repackage the policies for sale to a third party.

These life settlements firms really give you, the consumer, the option of creating an immediate payout for an unwanted or unused asset. Call 1-888-973-8377 for a life settlement evaulation.

Life Settlement - A Life Insurance Settlement

2006-02-07T11:13:00.000-08:00

To maximize your life settlement, you want to get multiple offers for your life insurance policy. These buyers invest in Universal Life, Whole Life, Term, Convertible Term and Variable Universal Life policies. If you do qualify as a seller, these investors pay you cash upfront for your policy. The amount paid is usually higher than your cash value. Instead of letting your insurance policy lapses if you no longer need it, why not convert it to cash. To be a seller, you must be at least 65 years of age, have a life expectancy of less than 15 years and the policy is at least $100,000.

By getting maximum value for your life settlement, you will have funds for retirement, eliminate your debts and pay your medical bills. Your quality of life can improve significantly. To get a free life settlement quote, just visit the Life Settlement Professionals or call 1-888-973-8377.

Life Settlement Company

2006-01-24T08:03:00.000-08:00

The Life Settlement Industry is growing rapidly. Nationwide both senior citizens and financial advisors are realizing the amazing benefts of Life Settlements. The Life Settlement transaction is an new option for a senior citizen that offers lump sum settlement for their life insurance policy.

Some companies involved with Life Settlements are:
Life Settlement Brokers (A broker for a Life Settlement)
Life Settlement Company
Life Settlement Provider
Life Settlement Investments

To find out how a Life Settlement can benefit you or your business, please call toll free 1-888-973-8377.

A structured settlement is not the same thing as as life settlement.

Highest Life Settlements

2006-01-07T09:56:00.000-08:00

To get the highest life settlements is to improve the quality of life during your retirement years. A life settlement is the selling of your life insurance policy. A buyer pays you upfront to become the beneficiary and they will assume the future premium payments. You will no longer be responsible for premium payments. Life settlements are conducted by a Life Settlement Company and a Life Settlement Broker. Once the deal closes, the money is wired to you. The funds can be used for retirement, paying off debts and immediately providing for your family. To qualify for a life settlement, the policyholder must be at least 65 years old, policy value is at least $100,000 and have a life expectancy of under 15 years.

Getting the highest life settlements means having more than one interested buyer. By getting multiple offers, you can make comparisons to pick out the best life settlement for you. The buyers tend to be companies specializing in the investing of life insurance policies. To get quotes on your life insurance policy from interested buyers, just click on the tab.

Life Settlements - How to Apply

2005-12-19T13:26:00.000-08:00

Life Settlements are beneficial, apply today.

A life settlement can be so beneficial in the life of a senior. The cash obtained can make a difference in lifestyle and quality of life. Receiving a lump sum cash settlement that on average is three times your cash surrender value will make all the difference. Many seniors are interested in life settlements as an option, however it is hard to find out how it would apply to them. The Life Settlement Application is an easy process that does not require a medical exam or any costs or obligations.

Call 1-888-973-8377 and we will gladly mail, fax or email a simple life settlement application so you can find out the value or your life insurance policy. You can also email us for an application.

What is a Life Settlement?

2005-12-08T11:02:00.000-08:00

A Life Settlement is a cash payment to the owner of a life insurance policy in exchange for the assignment of the ownership of the policy. With a Life Settlement you turn an otherwise untouchable asset into something liquid, something immediately useful. Life Settlements are quickly becoming an amazing financial planning tool.

By liquidating a policy for amounts higher than the cash surrender value, policy owners can initiate important financial opportunities with a cash infusion from the life settlement proceeds of an unwanted, unaffordable or unnecessary life insurance policy. Changes in your lives and circumstances can reduce or eliminate the need for an existing life policy! What was once a sound and essential asset can often evolve into an unneeded expense---even a burdensome liability. Now with a Life Settlement you can turn that asset into new found money.

With current economic conditions created by stock market declaims, combined with poor retirement fund performances, life settlement options offering amounts greater than current cash surrender value for policies no longer relevant to someone’s current needs has strong appeal.

With your new found cash, you can invest in annuities, enhance your estate planning, provide for long term care needs or use the money to better enjoy and live the life you've earned.

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

Source: Life Settlement Broker (LifeSettlementPro.com)

Life Settlement Today

2005-11-28T09:14:00.000-08:00

A Life Settlement (or Senior Life Settlement, Senior Settlement) allows someone to receive cash for a life insurance policy that is no longer needed or is no longer affordable. Unlike a viatical settlement, the insured person does not have a life threatening illness, but is a senior over age 65 whose health has changed since the policy was issued.

However, a life settlement is very similar to a viatical settlement - the sale of a life insurance policy. In many cases, the terminology - a viatical settlement or life settlement - cannot be assigned until the medical records have been reviewed by doctors.

Find out the true value of your no longer needed life insurance policy by call 1-888-973-8377. A Life Settlement Professional would be glad to assist you with any questions.