The general process of traditional life settlements consists of an investor taking over the premium payments and ownership of a life insurance policy, while the previous owner of the policy receives a lump sum of cash. A traditional life settlement is a great option for someone who can no longer afford their premium payments and
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Three in Four middle income households in the US have life insurance policies. But did you know that almost all those life insurance policies lapse? In fact, it’s estimated that 99 percent of term life insurance policies lapse, all without paying out a single penny in death benefits. To add insult to the injury, the
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Over the years the life settlement industry has changed and adapted to current times and legislature. The future looks more promising for life settlements now, with several new actions indicating that the life settlement market will only get better. One specific piece of legislature that has been causing a positive stir is Texas House Bill
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As Life Settlement Brokers we are constantly helping people find the best value for their life insurance policies but often we are fortunate enough to be a part of a life settlement that is exceptional in all respects. Recently the trustee of a policy and the insured’s family made the decision to surrender a $3MM
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What is fiduciary duty? Fiduciary duty is a relationship where someone has responsibility for another’s best interest. This translates into trust, committment, confidence and the utmost faith one has in another. That fiduciary may be you… How do you know if you are fulfilling your duty? How do you earn trust? How do you establish
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You know the saying, “it must be too good to be true”, well in the case of life settlements it is true. All the rumors and conversations you have heard about potentially obtaining significant cash settlements for ones life insurance policy, is happening everyday to seniors, their families and even their businesses throughout the country.
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Although the economy looks to be turning around for the better, there are still a group of Americans who are growing increasingly worried about their financial future. The baby boomers are reaching the golden age of retirement and instead of dreaming about the day where they can play golf, travel and spend valuable time with
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The robust secondary market for life insurance, otherwise known as Life Settlements, has evolved into a multibillion dollar industry that is playing a key factor in a new perspective on financial and estate planning. When considering a possible candidate for a life settlement, what immediately comes to mind are individual or trust owned policies. However,
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As Life Settlement Brokers, after speaking with many professionals nationwide who are looking into the life settlement market for the first time, we found that initially their two concerns were: how much work and paperwork is involved and who are the “investors” purchasing the policies, two very good and prudent questions. The process is simple,
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Welcome back. Hope you all had a wonderful holiday and wishing you a happy, healthy and successful year(s) to come! Looking back a 2012, a lot of uncertainty was in the air. The world was supposed to end twice, there was supposed to be an asteroid hitting earth and destroying it and of course the
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