tag:blogger.com,1999:blog-15695472070850780732011-11-27T15:34:11.265-08:00Joe Lucenthttp://www.blogger.com/profile/00897090194208580563noreply@blogger.comBlogger21100tag:blogger.com,1999:blog-1569547207085078073.post-54525293047930058602007-11-19T17:33:00.000-08:002007-11-19T17:34:49.913-08:00<p class="MsoNormal"></p><p class="MsoNormal">Well you may want to consider the following scenario:</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">Your client no longer needs his $1,000,000 life policy and would like to surrender the policy for its cash value.<span style=""> </span>The client contacts you to start the transaction, you have a basic understanding of life settlements, but instead doing more research and talking to a life settlement expert, you assist your client in surrendering his policy for a total of $75,000.<span style=""> </span>Sometime later your client is talking to friends at the country club and hears that their financial advisor got them over three times the surrender value for a similar policy.<span style=""> </span>When your client asks, “Why wasn’t I given the option of a life settlement,” what will your response be?</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">If you had considered all of your client’s options you could have possibly gotten him $300,000 or more for his policy and had a very happy client.<span style=""> </span>Instead now you have a disgruntled client or maybe even worse.<span style=""> </span>Not only have you lost any future referrals or business from this client you may be at risk because of your knowledge of life settlements.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">Life Insurance Agents/Brokers and Financial Professional have the opportunity to make available to their clients the benefits of the secondary market for life insurance.<span style=""> </span>Life settlements are becoming commonplace.<span style=""> </span>Why?<span style=""> </span>Because the offers presented to your clients may be significantly higher than the current policy surrender value.<span style=""> </span>In the past, policyholders had two options: surrender value, or let the policy lapse.<span style=""> </span>Now you can offer your clients a third option<span style=""> </span>- the sale of this value asset in the secondary market to the highest bidder.</p> <p class="MsoNormal"><o:p> </o:p></p> <p class="MsoNormal">What are your thoughts?</p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1569547207085078073-5452529304793005860?l=lifesettlementgrp.blogspot.com' alt='' /></div>Joe Lucenthttp://www.blogger.com/profile/00897090194208580563noreply@blogger.com0tag:blogger.com,1999:blog-1569547207085078073.post-87379258333861138512007-11-17T06:45:00.000-08:002007-11-17T06:46:19.367-08:00<p class="MsoNormal">Life Settlements are becoming commonplace.<span style=""> </span>Why? Because <span style="color: black;">a life settlement, can give a policyholder the option to convert an unwanted life insurance policy into a lump sum settlement instead of lapsing the policy or surrendering the policy for its current surrender value.<span style=""> </span><o:p></o:p></span></p> <p class="MsoNormal"><span style="color: black;"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="color: black;">Today’s policy owner’s can sell their life insurance policy in the secondary life insurance market to the highest bidder.<span style=""> </span>Most often, the offers received may be significantly higher than the current policy surrender value.<o:p></o:p></span></p> <p class="MsoNormal"><span style="color: black;"><o:p> </o:p></span></p> <p class="MsoNormal"><span style="color: black;">Say, you no longer need your life insurance policy and would like to surrender the policy for its cash value.<span style=""> </span>Instead consider, taking your policy to a life settlement broker and go through the easy process of selling your policy. 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. A Life Settlement refers to a transaction involving an insured that is generally over the age of sixty-five (65). The value of a life insurance policy is determined by a number of factors, including, but not limited to, the age and medical condition of the insured, type of insurance policy, rating of the issuing insurance company and amount of premium payments to keep the life insurance policy in force. Most types of life insurance policies can qualify, however, the most common are Universal Life, Whole Life, and convertible Term Life and there are no restrictions on use of the funds – the money is yours to spend as you like.</span></p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1569547207085078073-8737925833386113851?l=lifesettlementgrp.blogspot.com' alt='' /></div>Joe Lucenthttp://www.blogger.com/profile/00897090194208580563noreply@blogger.com0