Posted by The Policy Settlement Alliance on Fri, Aug 13, 2010 @ 05:05 PM
By Joseph W. Horner
With many people retiring in Florida and the economy the way it is there are many seniors turning to a Florida life settlement for extra cash to pay for everyday expenses, medical treatments, investments, etc. Processing a Florida life settlement is no different than a life settlement in any other state, it just happens to carry more stringent regulation on the entities processing business there.
A Florida life settlement attracts a little more attention than some other states due to the high percentage of seniors in that area and because of this can bring regulation to help protect these individuals from unscrupulous trade practices. In order to process a Florida life settlement the entity known as a provider, the one that orchestrates the contracts to facilitate the sale of a life insurance policy, must be licensed with the Florida Department of Insurance and be subject to audits as deemed needed by the Florida Department of Insurance amongst other oversight practices. Of all the states that require such licensing, Florida is known for being one of the most stringent and difficult licenses to acquire.
Additionally, brokers that work to facilitate the sale of a Florida life settlement must be licensed with the Florida Department of Insurance as well regardless if they happen to live in the state or not. For an insurance policy to fall under Florida regulation the insurance policy would have been issued in that state but as providers and brokers want to ensure they comply with state regulations, current residence or even payments of taxes in Florida will sometimes be taken in consideration regardless of state of issue. All in all life settlements are an excellent means of selling one’s asset for needed cash and can safe and protected by the regulations put in force by the Florida Department of Insurance.
To learn more about life settlements in Florida go to LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 09:57 PM
By Scott J Dressel
Just what is a Florida Life Settlement? First one must have an overview of just what an insurance life settlement is which follows the basic premise that a life insurance policy owner particularly seniors feel they longer need their life policy or in some cases the premiums have become cost prohibitive. The majority of states allow a life insurance policy owner to sell this asset to a third party typically for an amount above the cash surrender value if such a value exist.
A Florida Life Settlement adds a layer to the process by having government oversight in the form of regulation. The premise of such government intervention with a Florida Life Settlement was to protect the elderly consumer. Unfortunately this layer of regulation well having a good intention has become cumbersome to the majority of consumers and the firms who transact this type of business.
Fortunately there still exists a number of Florida life settlement providers who can help a consumer navigate the government red tape with trusted professionals who abide by the highest ethical standards. For any consumer interested in seeing if there is potential to settle a life insurance policy in Florida it is imperative they seek the advice and guidance of reputable firm.
Click on our Livepdq button to see if we can help you today.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 03:24 PM
By Michael P Perog
Florida life settlement
cases for residents are unique as they are what is referred to as “Regulated States”. This is important because when you choose to sell your life insurance policy in a regulated state there are certain laws that apply and your agent and broker must be aware of these ever changing laws in order to protect you the seller.
Funders who are the actual companies that buy life settlement policies must also be licenced in any regulated states.
Because of these unique laws regarding doing a Florida life settlement it is important to choose your agent wisely so as to get the highest price for your policy by having it shoped competitively to 100% of the funders who are able to bid legally on buying your life insurance policy
To get more information about your Florida Life Settlement please click on the LivePDQ link today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Fri, Jun 25, 2010 @ 03:41 PM
By Marlin E Leisher
A Florida life settlement
is different do to the painstaking governmental regulations that have been imposed. Florida life settlement is more popular compared to the other states. Mostly due to two main factors, first Florida’s senior population particularly in the winter months has far more than other state in the union. And second many seniors have been scammed in the process of a Florida life settlement than any other state by far.
Florida life settlement insured’s became so populated that many settlement brokers whom I feel were questionable in their compensation that they obtained without the clients knowledge. Perhaps, it’s me being too commissionable conscious
and hopefully honest in my clients opinion. However those brokers stayed within the frame of the state’s law, which was again in my opinion way to lenient and without disclosure to anyone most importantly the client.
But since that time a major former life settlement provider in Florida not only came under heavy scrutiny. But in time was closed by the FBI, SEC and the Florida insurance commission. In fact from management up to the owners by the way it was a family run business the Florida courts handed out over a hundred years of prison sentences for good reason. Personally at the end I called it greed.
So needless to say, Florida’s response and their response time along with their conviction to better this industry, the Florida life settlement insured is greater protected than any other state. I believe that Florida over reacted a bit, but never the less it was for the Floridians best interest.
For more information about life settlements please click on Livepdq in the upper right image.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Fri, Jun 25, 2010 @ 02:29 PM
By Amie M Wirth
Doing Florida life settlement
is often times very difficult. The legislature in Florida has enacted laws that are supposed to protect the elderly from being taken advantage of by life settlement brokers and providers. This is a very good thing; however they have made it very difficult to do a legitimate Florida life settlement.
There are many reputable life settlement funders that are not able to purchase life settlements that are Florida cases because the process to get licensed is so arduous that they choose to obtain and maintain settlement licenses in other states. The people who were supposed to be protected by those laws are now less likely to obtain a truly competitive bid on their policy.
Many people wanting to do a Florida life settlement soon find that it is made very difficult and at times impossible because of the far reaching aspects of the laws as well as the interpretation of those laws and the inability of those that they have requested help them with the sale of their policy.
We have brokered many a Florida life settlement and have good relationships with those reputable funders that are able to purchase them. Click our LivePDQ link to see if we are able to help you.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Fri, Jun 25, 2010 @ 02:18 PM
By Marlin E Leisher
The Florida life settlement
industry is growing by leaps and bounds. It’s no secret many seniors flock to the state for the weather and senior retirement scene. For the state, Florida life settlement activity is closely watched to protect those very seniors.
In April of 2009 the Florida Deputy Insurance Commissioner testified before the U.S. Senate Special Committee on Aging. On Florida Life Settlement, the Deputy stated that everything should be done to protect seniors. Florida seniors should fully understand the insurance products they are purchasing and selling.
The Deputy spoke to the importance of Florida life settlement transparency and regulation. The state would like to see seniors better protected from unexpected tax consequences and guidelines for better understanding of the Florida life settlement process.
The life settlement industry is likely to grow to over $100 billion within a few decades. Florida life settlement watchdogs are leading the way in protecting consumers and creating a safe and viable option when it comes to Florida life settlement.
For Florida life settlement information click the LivePDQ link today!
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.