Posted by The Policy Settlement Alliance on Fri, Aug 20, 2010 @ 07:23 AM
By Donald A. Sonn
A life settlement scam may come knocking at your door if you don’t do your research and hire a reputable broker or agent. These are hard times. People are not as scrupulous as they once were and people have been taken in by people misrepresenting themselves or the company they work for. A life settlement is a legitimate financial investment as long as you know what you are doing and you work with professionals who understand the business and operate with integrity.
Life settlements, also known as senior settlements, are a financial transaction where you sell your life insurance policy to a third-party company. In doing so, you eliminate premium payments and get a large sum of cash back. It is the responsibility of the investment company to pay the premium going forward. There is a large cash amount paid to you up front in exchange for your policy benefits and this amount exceeds the cash surrender value or CSV.
Senior citizens are prime targets for a life settlement scam. They were raised believing people should be trustworthy and reliable. Living on just their retirement fund or a small social security check each month, they are more apt to be financially strapped, especially in this economy. The offer of a cash settlement can sound very enticing. They want to believe everything they hear… never thinking that maybe someone is trying to take advantage of them and the value of their insurance policies instead of paying what they are worth. A reputable life settlement advisor will get several quotes from investment companies and make sure you get the best deal on your life insurance policy.
Don’t sign on the dotted line until you have all the facts! If you want to learn more about a life settlement and how you can find the best deal from people who have high reputations please click on the LIVEpdq link above.
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 Tue, Aug 17, 2010 @ 01:03 PM
By Edward E Leisher
There are now 39 states protecting consumers with regulations pertaining to a life settlement transaction. Many of the regulations were put in place because of STOLI (Strange Owned Life Insurance), the original lack of commission disclosure and some of the bidding practices that were being used by investors. Now that all of that is being controlled, there are other improvements to be made to the life settlement industry. It used to be that consumers felt as though they could make lots of money by selling their policies in this somewhat easy transaction. Now day’s consumers are hit by the higher cost of capital, among other things, which has resulted in life settlement offers not being as lucrative as they once were. That being said, life settlements are still a great option for policy owners that are looking to sell their policies. There are many more options available with a more educated group of brokers to assist you in the transaction. Of course, there are still improvements to be made on the consumers’ behalf, but it is just a matter of time. Just make sure you are working with a qualified broker looking out for your best interest. For further information got to LIVEpdq today.
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 11, 2010 @ 09:34 AM
By Donald Sonn
A life settlement could be an option for someone over age 70 who can no longer afford the monthly premiums on an existing insurance policy due to changing financial circumstances. This is one example of a situation that might occur.
More and more people these days are finding that with the economy as it is, they can no longer afford all the payments they once had. A life settlement can offer you a substantial cash value on an existing policy rather than surrendering the policy for less money, or just letting it lapse and receiving nothing in return.
A life settlement provider can offer you information on how to sell a policy for a good deal more than the cash value and show you how to get the highest return on it. Not only will this give you one less monthly payment, but it will put money in your pocket that can be used for other necessities.
For more information on whether a settlement could be beneficial to you please click on the LIVEpdq link above.
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 Sun, Aug 08, 2010 @ 11:56 AM
By Paul K Arbo
A life settlement involves the sale of an unwanted, or unaffordable, life insurance policy to a third party buyer for a lump sum of cash. The amount of cash a buyer would be willing to pay in a settlement is much more than the cash value because if there wasn't a "premium' $ incentive the seller would be just as well off cashing the policy in for its cash surrender value. Upon paying the lump sum of cash the buyer assumes ownership of the policy in a life settlement and is responsible for future premiums in exchange for the ultimate death benefit. Any current life insurance policyholder can have access to the lucrative settlement market by simply choosing to work with a qualified life settlement insurance broker who has relationships with respected, financially secure buyers. The more prospective buyers the better the offers the seller will receive. If you are curious about what your unwanted, or unaffordable, life insurance policy might be worth an easy way to find out is to complete a brief questionnaire here: LIVEpdq
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 Sat, Aug 07, 2010 @ 10:08 AM
By Stephen A Bailey
Life settlement is back on track presenting a great opportunity for Investors and sellers alike. The last two years have been brutal for the financing and selling of life insurance settlements in the secondary market. In a business with more and more baby boomers coming into an age with a growing need to have an opportunity to be able to market a life insurance policy that may be unaffordable, unwanted and unneeded and not have that chance, puts a financial strain on the boomers when the need arises, but no place to go.
Life settlement opportunities, for a dozen years, have been a great place to go to when a senior needed to do so. The last 24 months has been a problem because of the credit markets primarily. That is now changing again. Capital in general has been reluctant to go anywhere that is not producing great returns. And, in fact great returns in this economy have become scarce to say the least. Only those seniors who had cheap premiums to pay, on large life insurance policies, and were now in failing health, were being marketed. Somehow the providers wanted only somewhat relatively immediate returns.
But, it isn't just the economy. Many "agents" and opportunists jumped into the business without really knowing much about the details and started just grabbing people off the street who may have been the right age, but had no business purchasing a life insurance policy for $5 million dollars when they're estate was worth $500,000 with no other need other than they were told that they could sell the policy in a couple of years through a life settlement and make a big chunk of money! STOLI (Stranger Owned Life Insurance policies) suddenly hit the market and there often was no insurable interest. All of this made investors wary. Coupled with a bad economy, it's no wonder that a life settlement became stranded on the edge. Regulation has changed much of this and we are on the right track to providing the right and intended service for our seniors that really need it.
For more information and to see if you qualify for a life settlement click on LIVEpdq today!
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 Fri, Aug 06, 2010 @ 04:32 PM
By Timothy A McQueen
There are many reasons to consider a life settlement. Generally speaking owners of a life insurance policy consider a settlement when they no longer want or need the policy. Here are some specific reasons you might want to consider a life settlement.
If you are no longer able to keep up with high premium payments on a life insurance policy, one option is to enter into a settlement and use the funds to purchase a new policy with a lower premium. You might be faced with the need for long term care, and your life insurance policy may be more valuable to you now while alive than after you have passed. You may have had an Estate change, or if the beneficiary on your policy has died, the policy may no longer be needed.
Whether these examples describe your situation or you have a unique financial need, you might want to consider a life settlement. Click the LIVEpdq link today for a free settlement evaluation.
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 Fri, Aug 06, 2010 @ 10:58 AM
By Stephen P Turtur
The life settlement business is a very exciting way to help people especially if their objectives have changed or their cash needs outweigh a life insurance policy's future returns. If you are 74 years of age or up and you feel the premium expense for a life insurance policy that you own is not justified when looking at your present situation, then you should consider selling the policy in the secondary market. I have been involved in many transactions of this type and I have found the rewards to the owner/insured of a life settlement to be a solution to their objectives. Its not for everyone but if you are finding that your situation dictates a change then today you have options that did not exist years ago when looking into a life settlement. I advise hiring an agent/advisor to help you submit the proper information to the funders to find out what your policy is worth;then and only then can you make the right decision as to "sell or not to sell your policy". This is a fast growing business and funds are very interested in purchasing a balanced portfolio of life insurance policies for predictable returns in this odd economy that we are in. This puts you in the "drivers seat" as there is demand for your policy. Find out what your policy is worth and you may find cash that you did not know you have sitting in your insurance policy. To find out more please click on LIVEpdq.
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 Fri, Jul 30, 2010 @ 04:20 PM
By Ronald E. Ritter
A life settlement can often add value to and enhance senior’s lives in two ways. One, life settlements can yield cash to be used in any manner they deem necessary and two, it can do away with the expense of maintaining a life insurance policy and the premiums. Often times as we get older the original purpose for a life insurance policy is no longer a necessity, assets have matured, children have grown, or there is just plain no reason to continue paying large premiums. That’s when a life settlement can truly be a source for money at a time when it is needed most….the Golden Years.
The settlement industry has been in existence for 20+ years and is regulated in 38 states at this time. Each state has different laws and they are generally controlled by the same division of state that regulates life insurance.
When a life settlement is the best option for a senior there are many different moving pieces that will come into play. The life insurance policy is a complex contract between an insurance company and the owner of the policy. The sale of such a contract involves an experienced life insurance agent, doctors, lawyers, actuaries and institutional funders.
It is prudent when considering a settlement to seek the aid of an experienced life insurance agent to assist you in the process!
To find out if your policy qualifies and for a free analysis of your life insurance policy go to LIVEpdq today.
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 Fri, Jul 30, 2010 @ 04:06 PM
By Michael P. Perog
A
life settlement is a process whereby an individual, usually age 70+ in America uses a universal life policy that they want to sell because they no longer want or need the insurance for their estate. We contract with the family in order to gather all the medical records, we go to our third-party consultants who we pay for life expectancy reports, we package all of the information through a very detailed presentation, which is then delivered to our international multinational banks, who will bid against each other in order to purchase the policy. We disclose all the information to you, the client, so you can choose which life settlement offer you would be interested in perusing.
We then quickly move towards efficiently closing the deal in order to get you the most amount of profit for your policy as quickly as possible. This process can take a couple of months, so moving quickly at the beginning makes the most sense. To learn more about a life settlement, please click on
LIVEpdq.
Posted by The Policy Settlement Alliance on Thu, Jul 29, 2010 @ 09:59 AM
By Stephen R. Bathon, CLU, ChFC, AEP
The
life settlement of a business contract gives a business owner additional options over just canceling a policy or turning it over to his employee.
Key-man life insurance has been used for years to defray the cost of losing a valuable employee. Writing key-man insurance, however, can be far more difficult than some agents realize. To begin with one must define what makes the potential insured a key man in dollars and cents.
Selling key-man insurance to a business owner has been made easier with the added benefits of the life settlement. It gives the business owner a potential profit he never had before, which translates to another incentive to buy. Life insurance companies, however, require a great deal of documentation on what makes this particular person a key man.
I had a case recently where the CFO of a company had to spell out in great detail how the loss of the employee would impact the company. It was only a ten million dollar policy on an individual worth three-hundred and fifty million dollars. He had sold his shares to an investor group and had a ten year contract to run the company.
I thought the case was a “slam dunk” but I had to fight the underwriter to approve the coverage. The insurance company didn’t think he was worth ten million dollars. I finally got them to agree with a letter from the CFO outlining the impact of losing the employee who built the company before a suitable replacement was trained.
If you have a key man and want him insured, make sure you have a good life agent. For more information on key-man insurance and a life settlement of the policy when it’s no longer needed, please click our
LIVEpdq.