Posted by The Policy Settlement Alliance on Wed, Aug 25, 2010 @ 07:52 AM
By Amie M Wirth
Did you know that there are companies that determine what a normal life expectancy is for a person of a certain age and that they have the power to make or break your life settlement? A normal life expectancy on an individual will vary due to a few factors:
1. Sex of the individual.
2. How old the individual is.
3. Income or wealth of the individual.
4. Where the individual lives.
Though it may not seem fair these companies that determine the normal life expectancy for the life settlement industry get most of their information for the Social Security Administration and the VBT tables. They take this information and adjust it to with the factors mentioned above. This may not be the best way to evaluate a life expectancy, but it is not only way that life expectancies are accepted by the industry at this time.
If you have a life insurance policy that you no longer want or need click our LIVEpdq link now for a free no obligation policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 25, 2010 @ 07:50 AM
By Amie M Wirth
Policy settlements are the sale of the ownership and beneficiary rights to a life insurance policy that is at least two years old, in most states, where the insured has had a change in health and the policy owner no longer wants, no longer needs or can no longer afford to maintain the life insurance policy.
To qualify for policy settlements the insured must be at least 65 years old with a change in health since the life insurance policy was issued. Generally speaking policy settlements on an insured’s in the younger age brackets do not elicit as high of returns as settlements that are completed on insured is at in the older ages.
If you are interested in policy settlements because you no longer want, because you no longer need or because you can no longer afford you policy you can click our LIVEpdq link now for a free policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Wed, Aug 25, 2010 @ 07:46 AM
By Amie M Wirth
The secondary market for life insurance was hit hard by the financial downturn that has hit the world. Unfortunately the secondary market for life insurance as well as the premium finance market for life insurance started to be impacted by the downturn months before other industries started feeling the impact. This was mainly due to the increase in life expectancies by the major life expectancy providers for those industries.
All of that being said the secondary market for life insurance, the life settlement industry, is still purchasing policies. The offers on the purchase of the policies are on the rebound and our experience is that more policies are being purchased now than have been in quite some time.
If you have a life insurance policy that you no longer want, that you no longer need or that you can no longer afford click our LIVEpdq link today for a free policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 11:47 AM
By Amie M Wirth
New York life settlement laws have been changed recently and that could mean a lot to those that participate in the life settlement industry in New York. There are now substantial fees for life settlement providers to participate in life settlements due to the new New York life settlement laws as well as an number of requirements, but the state is allowing many of the companies to continue to conduct business as their applications are reviewed and approved.
Many states have enacted similar laws as those that are the new New York life settlement laws and they are there to protect not only the consumer but the provider and the broker as well. The implementation of the life settlement laws is good for the industry as a whole in that the regulations make all providers and agents work honestly and diligently to supply the consumer with the best option for their life settlement.
If you have a life insurance policy that you no longer want, need or can afford click our LIVEpdq link today for a free policy review now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 11:45 AM
By Amie M Wirth
The new life settlement market is a lot different from the life settlement market of old. The old ways did not and would not withstand the pressures of the life insurance industry nor the pressures of the legislative branches of our government.
The new life settlement market has changed in three ways that are most beneficial to clients and agents alike.
1. Commission disclosure is required in most states.
2. Commission maximums are in place.
3. In some states life insurance carriers are required to tell their policy owners about the option of life settlements if they are in danger of lapsing a life insurance policy or if they are requesting a surrender of the cash value.
The new life settlement market is working better than ever and the economy seems to be recovering in some areas. Let us help you today if you are thinking about lapsing or surrendering you life insurance policy. Click our LIVEpdq link now for a free policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 08:06 AM
By Amie M Wirth
What are the types of settlement policy that is selling right now; this is a question that I am asked rather frequently. The answer is funder dependent, meaning each fund has a specific settlement policy type in mind.
All funders want low premiums and low life expectancies because that is where they make the highest return on their investment. That being said, some want one funders want a specific carrier and others want a specific health problem or a specific age range on males or females. It is very important that any life settlement broker you choose knows what each funder is looking for and how to best package your life insurance policy and obtain the best possible offer on your policy.
Do you have a settlement policy? I do not know, but I can help you find out. Click our LIVEpdq link now for a free no obligation policy review now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 08:04 AM
By Amie M Wirth
A life settlement viatical sale benefits all the participants in very different ways.
The policy owner benefits from a life settlement viatical sale by accessing a large portion of the death benefit of their life insurance policy and being alleviated of the premium payments. The policy owner receives this cash infusion as a tax free payment, given the current tax laws, that they can use for anything they want. The policy owner benefits from the life insurance policy while the insured is still alive.
The life settlement broker and agent benefit from participating in a life settlement viatical sale be receiving a commission payment for the work that the did on the sale of the policy. This commission amount is regulated by the state in which the policy owner lives. There are a few states that do not yet have limits on commissions, but life settlement funders are self regulating the industry allowing agents and brokers to receive only so much on a policy from an unregulated state.
The funder benefits from participating in a life settlement viatical sale when the insured passes away. Every policy is different; meaning the benefit to the funder is going to be different. If the funder did not benefit from purchasing life insurance policies, they would stop the practice altogether.
If you have a life insurance policy that you are thinking of selling maybe a life settlement viatical sale or a regular life settlement click our LIVEpdq link now for a free no obligation policy review.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 08:02 AM
By Amie M Wirth
The viatical and life settlement association that is most popular and easiest to find is Life Insurance Settlement Association. This viatical and life settlement association is made up of life settlement funders, life settlement brokers and life settlement agents with the goal of educating consumers on their ability to sell their life insurance policy.
The viatical and life settlement association is helping to build an industry that the consumer can trust and rely upon in their time of financial need. Many people enter into life settlement transactions because they can no longer afford to maintain their life insurance policy.
Unfortunately, due to the economic downturn many people who never thought they would have to worry about money during their retirement are having to make hard decisions about their expenditures.
If you are in this situation do not feel like you are alone, we can help you decide what is the best option for you and your family. Click our LIVEpdq link today for a free policy review so that you know what all your options are.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 07:57 AM
By Amie Wirth
What happens when you look up the term viatical association? A few items pop up, but you do not really get a clear indication of any one viatical association that is relied upon industry wide as a leading in the viatical industry.
One main reason that there is not an industry wide viatical association is because the Life Insurance Settlement Association covers both life settlements and viatical settlements. LISA as it is know in the industry started as the Viatical Association of America and has since changed its name to better associate itself with the industry as a whole. Only about 5% of all settlements are viatical in nature, so by changing their name the aligned themselves with 95% of the industry.
Be it a life settlement or a viatical settlement if you are interested in selling your life insurance policy; click our LIVEpdq link today for a free policy review now.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by The Policy Settlement Alliance on Mon, Aug 23, 2010 @ 07:53 AM
By Amie M Wirth
A viatical broker is the person that you turn to at a very difficult time in your life. You own a life insurance policy on a person that has less than two years to live. That person may even be you. With all that you are going through you need to have a viatical broker who is not only knowledgeable about the life settlement industry, but also one that is companionate and one that you feel confident.
A good viatical broker understands that you are going through the most difficult time in your life and they are there to help make it better. Understand that a viatical settlement is your key to getting to fulfill you dreams, your wants or your needs and we can help you.
If you are faced with knowing that you or someone you love has a life expectancy of less than two years and you own a life insurance policy on their life that you want to sell, click our LIVEpdq link now to get a free policy evaluation on what you can expect from that life insurance policy.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.