Posted by The Policy Settlement Alliance on Mon, Aug 16, 2010 @ 09:50 AM
By Phillip J Powell
An insurance life settlement is where an individual sells their insurable interest to an individual or a company. The insurance life settlement became popular in the mid 90's during the aids epidemic. Many policy holders sold their insurance polices for the living benefit, or to help with the mounting costs of treating the AIDS virus.
These policy holders were taken advantage of by producers and brokers and were given pennies on the dollar for their polices. There have been many laws enforced since the inception of insurance life settlements. An insurance life settlement in its essence gives a policy holder an alternative to letting the life insurance policy lapse. Insurance companies really don't like the idea of life settlements because they force insurance companies to eventually pay out on insurance policies that would otherwise have lapsed. For more information and to receive a free policy evaluation please go to LIVEpdq today.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Alice Hood on Tue, Jun 29, 2010 @ 09:23 AM
By Rick S Cantville
The insurance life settlement
industry has certainly gone through changes in the past 15 or so years. In its inception, it was like the lawless wild west days of early America. The fast and furious pace of the insurance life settlement industry was dizzying at some points.The downside of any booming industry is that it can attract some less than admirable characters that were too concerned over selling policies than about doing what was right by a client.
Today, state regulators and even the insurance life settlement industry itself is slowly correcting, or should I say self policing, to become a viable, more stable industry. An insurance life settlement is a viable alternative to many policy owners, it should be an option for consumers just as any other financial tool. For consumers to develop any sense of comfort with life settlements, the the industry will need to educate consumers and become much more transparent in any insurance life settlement transaction.
This does seem to be the trend, and certain industry leaders are encouraging transaction transparency and providing education to the consumer. As consumers are educated on the positive effects an insurance life settlement can have, they may also have less hesitation about entering into a transaction. The combination will have a positive effect on the industry, creating a rising tide.
And as the old adage goes, "A rising tide raises all ships."
For information and education on your life insurance policy, please visit 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 @ 09:56 PM
By Ian F Smith
Insurance life settlement. A very complicated financial process, but I'll try to break it down in a very elementary definition.
The purchasers of an insurance life settlement are sometimes called insurance life settlement companies or insurance life settlement providers and are mostly large institutions that will typically hold onto a policy and collect the death benefit, or they may resell the policy. They may sell a portion of the policy or bundle with other policies and market them to hegdefunds or other investors. In exchange for your policy, you would receive a lump sum payout. The amount you receive from the insurance life settlement market depends on a range of factors based on your age, current health status and the type of insurance product you have. The amount is typically more than the cash surrender value and less than the death benefit.
When you sell your policy, the new owner immediately inherits a financial interest in your death. Besides paying you a lump sum for the policy, the new owner must continue to pay ongoing premiums to support the policy until your death.
Visist our LIVEpdq for learn more about the insurance life settlement market.
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 @ 09:52 PM
By Ian F Smith
Insurance life settlement. What is the basic idea? An insurance life settlement is an insurance policy sold by the owner - typically the insured or trust - for an amount of proceeds greater than the cash surrender value and less than the death benefit. The buyer of the policy becomes the owner and beneficiary and is responsible for keeping the policy inforce until the death of the insured.
The life settlement market is a progression from the viatical market, which developed when terminally ill insureds (typically within 12 months of death) would sell their policies to help with medical bills and to pay for final costs prior to death. In the life settlement market, insureds are typically not defined as terminally ill, but have reached at least age 65 or 70. Typically life expectancy is about 10 to 12 years. These insureds may want to explore the insurance life settlement market due to several reasons: no longer need the insurance, can't afford the premiums, need extra cash for retirement years or simply they don't want the insurance any longer.
Insurance life settlement policies are typically sold through licensed providers by agents or brokers. The price providers pay depends on life expectany of the insured, the future funding performance of the products and the needed internal rate of return the provider in looking for. The lower the life expectancy of the insured and the better the efficiency of the product typically will result in a higher offer for the policy.
The insurance life settlement market is becoming a more valuable financial planning tool. To learn more visit our LIVEpdq webcast.
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 @ 09:51 PM
By
Stephen P Turtur
Insurance life settlement
pertains to the actual marketing of a life insurance policy or sale. The insurance life settlement label is another industry identification for this process. To date the only settlement that I am involved with is pertaining to life insurance policies. To my knowledge there is not another market for other types of insurance. Insurance life settlement is a guarantied science in part, in a way. The reasoning behind this statement is because we are all going to die that's the pure part and the unknown is when. To calculate the when the insurance life settlement has an approach that encompasses the making of information on an insured's life and policy available to funders in the market to purchase these contracts. Insurance life settlement is the agreement between a funder offering an amount for the rights to ownership and death benefit of the insured/owner's policy and the acceptance in agreement to this offer by the insured/owner. Insurance life settlement is an ongoing business for those of us that do this for clients on a daily basis and it is exciting as it works for the client without too much complication. I have had instances where no offer is made because the insured is too young or maybe for their old age they have no medical information available for a history. In most cases I'm successful once the information is compiled for the insurance life settlement and that is why I like representing clients with these types of assets.
If you would like to know more or sell you policy please click on
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 @ 08:24 PM
By Stephen P Turtur
The insurance life settlement
process, depending on the size of the contract, usually can be concluded within a 45 day period. Life insurance policies that are two years or older are primarily the contracts of interest to the funds that do purchase these entities.
Insurance life settlement contracts do have various advantages to the policy owner both from an income standpoint as well as an excellent tool for an increased life coverage depending on a persons net worth.
The insurance life settlement process has evolved into a very specific category of asset potential verses a "wait and die" position for return on asset calculation. There are numerous upside potentials to this structure in financial planning.
Click on LIVEpdq now to find out the advantages of an insurance life settlement.
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 @ 08:09 PM
By Ronald E. Ritter
An insurance life settlement
works to benefit the owner of the life insurance policy when the purpose for which the policy was purchased has been replaced. Often time’s life insurance is purchased to protect the things we love in anticipation of future events. For many, these purposes expire or become obsolete as time passes or we accumulate other assets that protect the ones we love. Once these policies become obsolete they have little real value to us so we look to end the expense.
In the old days people would just quit paying and let the policies lapse. This worked great for the insurance companies who for years collected premiums and then never had to pay out on the policy because people would just let them expire.
Now with the creation of the insurance life settlement, you the consumer have an alternative to just letting the policy lapse with no return on your investment. A insurance life settlement when timed properly can often return more than the premiums paid and leave the owner of the policy with a nice return on their investment. There are many factors that determine the sale price, the expense to maintain the policy, the health of the individual and the cash value just to name a few.
For the best information available and to find out if a insurance life settlement is right for you go to livepdq. now.
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 @ 07:59 PM
By Ken R. Leisher
Choosing an insurance life settlement can be as simple as connecting with a professional Life settlement broker or as complicated as you make it. Anguishing over continued premiums, how long you are going to live and realizing that the original need for insurance no longer exists. Selling your policy through an insurance life settlement might be easier than you think and bring the unexpected financial reward you never thought possible.
Choices come throughout our lives and "your life" can reward you during your best years. life settlement companies do everything and make an offer that you choose that is right for you. Keeping your life insurance policy is always an option. Cash from the sale might be needed to improve your quality of life.
The financial stability in the world has been changing and some times are better than others. Insurance life settlement transactions are secured by the stability of life insurance companies that are typically conservative and stable during turbulent times. Investors in long term transactions need security. The right time to use a life settlement is when "you" make the right choice.
For more information please click on 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 @ 07:58 PM
By Ken R. Leisher
An insurance life settlement might be considered a good bet depending on who is betting and what the odds are. When this transaction does take place, it is a formal contract between the parties who have a vested interest in the policy. The loose term "bet" might be considered the actual monetary agreement that is determined by the value placed on the transaction.
The insurance life settlement terms arrived at are more than a best guess so the "odds" are arrived at by accessing the actual life expectancy of the insured party. The guessing part of an insurance life settlement agreement is actually experienced professionals evaluating specific medical information, current health status, as well as historic mortality results. Life expectancy or how long the insured is expected to live is only part of the formula.
Combining the anticipated premiums necessary to keep the policy in force until death may be more complicated than determining life expectancy. Because variations in policy performance may determine the required premium, the "bet" may have to increase, leaving the question of "How Much for How Long?
For more information please click 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 @ 06:54 PM
By Stephen R. Bathon, CLU, ChFC, AEP
Several years ago, I had a client call me about an insurance life settlement, but at the time he didn’t realize it. He was a self-made, multi-millionaire, who had just sold the controlling interest in his business for $75,000,000. While he had run the company, the other shareholders had purchased key-man coverage on him for $20,000,000.
The key-man insurance agreement allowed him to purchase the contracts on his life for their cash values in the event the company was sold. The premiums were very high, however, and he had elected not to exercise his option.
His health was not good, he had cancer and heart disease, but he did not feel he had a need for the insurance. To avoid paying the federal estate tax at his death, he planned to leave everything to his younger wife in a spousal trust. His children would have the remainder interest at their mother's death
The contract cash values (there were 4 separate policies) only amounted to a million dollars. Unfortunately he did not understand the concept of an insurance life settlement and walked away from a $4,000,000 profit. I know this for fact, as the contracts were sold by the company a few months later for $5,000,000.
An insurance life settlement worked well in this situation, but it might have benefited the wrong people. Had my client spoken to me before he refused the right to purchase, things might have turned out differently.
For more information on an insurance life settlement, please click on LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.