Did you know that roughly 710,000 policies are lapsed or surrendered each year by Americans over the age of 70? This results in a combined face value of more than $57 billion that could have been sold on the life settlement market to provide much-needed cash for those seniors.
Surveys show that 90% of policyholders who have let their policies lapse would have considered selling it as a life settlement if only they’d known about it. And 79% of those same seniors stated that their advisors should have known and advised them about a life settlement option.
For many policyowners, education is the key to making decisions that will maximize their assets and provide for their financial goals. To learn more about life settlements and how to offer this valuable option to your clients, visit genesislifesettlements.com or email us directly to talk one-on-one with a Genesis advisor.