Posted by The Policy Settlement Alliance on Thu, Aug 12, 2010 @ 07:07 AM
By Timothy A McQueen
Life settlement auction is another avenue in the sale of a life insurance policy. Rather than working with an agent/broker, some have suggested consumers sell their life insurance policy at auction. In a life settlement auction, the policy and information is posted on line for providers to review and make bids. It is suggested that this creates a streamlined and more competitive market for settlements. Those in favor of this concept state it makes up for the agent/brokers lack of relationship with funders.
However, any experienced agent/broker should have a close working relationship with all of the funders they do business with. I question whether or not you can make up for the personal and professional knowledge an experienced agent/broker can bring to your life settlement.
Within each life settlement there is continual communication between the broker and providers, making clarifications, expediting the process, and working to get the best life settlement for their client. This is something that you would not expect to see in a life settlement auction. As a consumer you would have to be extra diligent in making sure your privacy is protected. A great deal of personal and financial information goes into a life settlement package and you need to be sure your privacy is protected.
Click the LIVEpdq link today for a free life settlement evaluation and information on an experienced agent/broker who will work with you personally to achieve your best 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 @ 08:37 PM
By Ronald E. Ritter
A life settlement auction
has many benefits and some drawbacks. The benefits of the life settlement auction are that it allows the policy owner to experience an expedited sale based on the current information as gathered by the life settlement broker and the life settlement producer. The auction also creates an open bidding forum for the investors to compete against each other for the life insurance policy hopefully driving the price up.
The drawbacks of a life settlement auction are the speed in which the sale occurs. Often times they hedge funds that support their investors have different types of parameters. Most have time limits on the spending within those parameters. When they reach the end of their time they often will stretch the parameters thereby offering more than normal for a life insurance policy, creating an optimum situation for the seller. This is not an everyday occurrence and not to be counted on by any means but it does occur.
Whichever direction the producer and the client decide to go with, the life settlement auction or the traditional way of selling the life insurance policy it is vital to get the input and direction of an experienced professional.
To find out more 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 Mon, Jun 28, 2010 @ 08:36 PM
By
Stephen P Turtur
Life settlement auction
situations I have not found to be as price friendly as individual funder relationships. Life settlement auction also seems to give the sale a sound of a "last ditch effort".
If there is a situation whereby no offers for a life insurance policy are available then it is prudent to consider the life settlement auction. Life settlement auction must be evaluated if there is an extreme rush or, as mentioned above, life settlement auction is the only sale available.
Click on the LIVEpdq button to see if a life settlement auction is right for you.
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 @ 08:18 PM
By
Michael P Perog
Life Settlement Auction companies have some very unusual rules that can hurt a Seller earn the highest profits possible.
For example, the Life Settlement Auction Company wants, us the Broker, to give them an exclusive to be the only place we can "shop" your policy for a final sale.
That lack of competition is very bad for you, our clients. We like to get more than one buyer interested in making offers to buy your policy and then have them bid against each other. This competition bids up your policy … it takes time and expertise.
Life Settlement Auction companies think this can happen best if it happens all at one time, that is not always the case. Sometimes funders need extra documents in order to bid on a file. Weird things signed by the Sellers attorney or kids or CPA.
To earn the most from your Life Settlement Auction, say pass then contact us today at
Livepdq link.
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 @ 07:54 PM
By: Joseph W. Horner
A life settlement auction is an auction (think e-bay) where institutional investors can bid on policies that have been put up for sale by the policy owners. The idea makes perfect sense, after all the relevant data is gathered (LE’s, in-force projections etc…) that a potential investor would need to analyze the policy. Then the policy along with the supporting data is put into the life settlement auction for the various institutional investors to bid on.
You would think this would be better then having to work with and through life settlement producers and life settlement brokers, making things more transparent to the client and because of less people being involved translate into higher offers to the client, but the fact is that the life settlement auction concept has not really caught on and the vast majority of policies sold are through life settlement producers and brokers. It certainly seems like they serve a more vital role in the process then they are given credit for.
To learn more click on the LIVEpdq link 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 @ 03:26 PM
By Scott J. Dressel
Confused about a life settlement auction? A life settlement auction may also be known as a life settlement exchange. Rather new to the United States but supposedly has existed in Great Britain for over 100 years. If you can envision the way a stock trades with a minimum price the seller is willing to receive the same approach is taken with individual life policies. This platform for on-line trading of polices is innovative in the life settlement industry. The initial intention of this online trading platform was to get the most competitive bid and to have the transaction be more transparent. This platform works to take the confusion out of the transaction by having all interested brokers bid on a policy at the same time compared to going to multiple outlets who all work in a non-coordinated fashion. Supposedly there is to be an advantage and eliminate confusion using this system. Cantor Fitzgerald claims to be the original innovator of the life settlement auction and this approach to life settlements in the United States.
For more information on life settlements please click the LIVEpdq image.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.