Posted by The Policy Settlement Alliance on Fri, Aug 13, 2010 @ 10:17 AM
By Scott J. Dressel
The Life Insurance Settlement Association has a consumer
friendly website
www.thevoiceoftheindustry.com which offers a life settlement dictionary under the Education Center tab titled Glossary of Terms. Access to this portion of the website is not password protected and is free. In addition to the consumer exploring the internet for a life settlement dictionary the consumer can use the services of a life settlement broker who helps facilitate the transaction. The majority of life settlement brokers are not the actual buyers of the unwanted individual life insurance but act as an intermediary utilizing the a life settlement company which has the relationship with the actual funders who are the buyers of the unwanted life policies. A reputable life settlement company is Living Life Insurance
www.livinglifeins.com who can put the consumer in touch with a local knowledgeable broker to help them answer all their questions which cannot be answered by a simply looking up a term in a life settlement dictionary. For more information on life settlements and for a free policy evaluation please click on LIVEpdq.
Posted by Alice Hood on Tue, Jun 29, 2010 @ 01:11 PM
By John W Thompson
A life settlement dictionary
or a life settlement glossary is simply the compiled terms that are used by the industry to discuss life insurance settlements. You may have had a hard time finding a complete life settlement dictionary or life settlement glossary because the terms are flexible and ever changing due of the youth of the industry.
Many might dispute that the life settlement dictionary or life settlement glossary is not complete because of the youth of the industry because it started in 1911, but for all intents and purposes the industry lay dormant until the HIV epidemic of the late ’80 early 90’s. The industry has changed and changed again sense the early days and as such so has the terminology that is used to describe the process of selling one’s life insurance policy to a third party.
The life settlement glossary/ life settlement dictionary at policysettlement.com is one of the most, if not the most complete glossary/ dictionary available on the web.
Click our Livepdq link now so that we can help you with all your life settlement, life insurance and annuity needs.
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 @ 10:04 PM
By Phillip J Powell
A life settlement dictionary is used for the general public to understand the meaning of terms in the life settlement industry the use of a life settlement dictionary can can be compared to teaching someone another language. Just like a normal dictionary the words and terms are based on their literal use not based on someone's opinion.
A life settlement dictionary takes into consideration the different meanings of concepts in different states. A vitical settlement in some states is anyone with a life expectancy of two years or less,other states have not identified with the change in terminology and still recognize those cases as senior settlements. how terms are percieved is very important in life settlements to the spcific states the cases are in.
A life settlement Dicitonary is not a marketing piece but is used as an unbiased guide for the general public and producers. There are universal terms in the life settlement dictionary that help with the foundation of a life settlement but the terms are ever changing with an ever changing industry.
Wondering what to do next? Take the advice of those who should know and get an estimate of your policy’s market value using 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 @ 08:56 PM
A
life settlement dictionary
would be a useful to help a person researching a life settlement. This is an ever changing industry with a lot of variations. The two forms of a life settlement are a senior and a viatical settlement.
Many states recognize senior settlement as the term that is recognized in the industry and other states recognize a viatical settlement. Life settlements began in the mid 90's with the AIDS epidemic being at an all time high. Many insureds were being taking advantage of because of life expectancies being so short. Many producers and brokers were unethically taking advantage of these people with crazy fees and an overall unethical approach because they knew that the insureds beneficiaries would benefit more than the living benefit.
A life settlement dictionary also would give specific terms relative to the process of a life settlement. Such as a life expectancy, internal rate of return, end purchaser and managing purchaser. These are all terms that an insured would need to understand to be able to understand this process.
For more information on a life settlement dictionary please click the
LIVEpdq.
Posted by Alice Hood on Mon, Jun 28, 2010 @ 06:57 PM
By Scott J. Dressel
Finding the right life settlement dictionary
may not be an easy task. The internet will next to certainly take you to numerous sites who dictate a life settlement glossary. Actually the word dictionary and glossary are similar. Typically a text book or informative manual will reference a glossary where as a dictionary will simply allow one to look up a word not used in a context of a sentence. Unfortunately when you search for the term life settlement dictionary on the internet you are directed to meaningless sites. Fortunately there is enough information contained within these sites to make you realize you need to do a second search in order to get the information you are in need of. Basically by searching the word glossary instead of dictionary you will receive more informative information. One item that was interesting while searching for life insurance dictionary was the site “Elsa” which appeared and is the equivalent to the “Lisa” association in the United States.
For more information please click on the LIVEpdq image.
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 @ 06:55 PM
By Stephen R Bathon, CLU, ChFC, AEP
Webster might have written the book, but if you want specific information about settlements, you need a life settlement dictionary.
People of my generation grew up with television. We remember test patterns, Howdy Dowdy and Ralph Bellamy and Man Against Crime. People smoked a lot then, on and off TV.
So what does this have to do with a life settlement dictionary you ask? Well those of us who have watched TV for 60 years are just plain fed up with advertisements. I don’t watch TV unless I can record it and fast forward through the ads. I don’t like advertisements and I don’t believe in what they are selling, simply because they are doing just that, selling.
If I want to buy something, like many of my generation, I like to avoid the sales pitch and do some research on my own. Settlements are pretty complicated and they come with a whole new vocabulary. I mean, what is an “accumulated at interest dividend option” anyway?
If you are interested in selling your insurance policy and want to become more knowledgeable about settlements, you need a life settlement dictionary.
Click on this LIVEpdq and borrow ours.
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 @ 02:48 PM
By: Joseph W. Horner
A life settlement dictionary
is simply a glossary of all the terms regarding life insurance and a life settlement that are unique and specific to the life settlement process. Without a life settlement dictionary someone who is not familiar with the settlement process and or the life insurance industry (typically like a policy owner who is trying to sell a policy) might not fully understand many of the things they are reading or being told because chances are that you don’t know what an LE, COI, seasoned paper or any of the dozens of other terms that are used during the settlement process mean.
That is why you need a life settlement dictionary, and one of the most thorough life settlement glossaries that I have seen is on policysettlement.com. It covers all of the insurance and settlement terms from A-Z with simple to understand definitions.
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 Fri, Jun 25, 2010 @ 04:26 PM
By Rick S Cantville
A life settlement dictionary
will contain many terms that are important to understand when engaging in a life settlement. One of the more common terms that consumers will need to be familiar with is contestable. What is a contestable life insurance policy and how does it affect a life insurance settlement?
As a life settlement dictionary will explain, a contestable life insurance policy is a policy that has been inforce for less than two years. The main purpose of the contestable period of a policy is to eliminate fraudulent statements on the application and gives the insurance company right to investigate the claim. For instance, if a client goes to the doctor and receives the news that they are terminally ill, then takes a life insurance application without dislosing this information, it protects the life insurance company from the fraudulent information if the client dies in the first two years.
Once the two year period is over, however, the insurance company is required to pay the claim regardless of the information contained on the application.
The contestability period is similar to the suicide clause, which protects the insurance company in the first two years from clients that have policies issued while contemplating suicide.
A life settlement dictionary will explain that the two year contestability period will start over if the policy is re-instated after lapsing. If a policy has lapsed due to non-payment of premium, the client may wish to re-instate the policy, normally with medical evidence of insurability. If the policy is reinstated, then the two year contestability period will start over at reinstatement.
The reason the contestable period is important in a life settlement transaction is that life settlement funders will not purchase a policy that is still in the contestable period. The life settlement funders do not want to purchase a policy that can be investigated should the client pass away in the contestable period. The life insurer may deny paying the claim if the client was fraudulent on the application, which makes for a poor investment on behalf of a person purchasing the policy.
For more information regarding life settlements, please visit 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 Fri, Jun 25, 2010 @ 02:31 PM
By Marlin E Leisher
A prospective client or a new employee of a broker, funder finds that the life settlement dictionary
is very helpful. It should not be utilize by a sales person as a tool to enhance a sales pitch, it should be used as simple a fact finder to better understand more often for the client to better acclimate them to the industry.
Life settlement dictionary historically which in this case is relatively short, however terminology change would be as consistent as any new industry finding its place in the world.
But through the consistent turmoil and change of not only its own doing and the state by state changing of the laws, life settlement dictionary terminology is much more reliable and distinct. Click the LivePDQ button to see if a life settlement is right for you.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.