Posted by The Policy Settlement Alliance on Thu, Aug 12, 2010 @ 09:17 AM
By Stephen P Turtur
A life settlement producer may be a searched term relating to an agent that is licensed to execute or solicit life insurance policies for sale to the secondary market. The settlement industry for the last ten years has "taken off" with enormous growth due to funds of different types having an investment interest in this type of investment strategy. A balanced portfolio of investment interest in a large group of in force life insurance policies may make sense to the investment criteria of these funds from a less volatile approach. The demand for these products is high and when compared to other types of investments the settlement industry is still in its infant stages. A life settlement producer will submit a policy for sale on behalf of the insured/owner to a licensed broker, who in turn will submit the policy to the funders for offers on the policy. The life settlement producer must compile the correct information in a proper form in order to start the process. The settlement business is a structured market utilizing information concerning the insureds medical records/history and the policy internal cost structures to arrive at a net present value for a policy. If you have a life insurance policy that you may no longer need or a financial reason questioning the premium cost as your objectives may have changed then find out what your policy is worth from a settlement perspective. This will answer the question if selling your policy is right for you.
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Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Norman Hood on Mon, Jun 28, 2010 @ 10:02 PM
By Stephen A. Bailey
A
life settlement producer
are licensed individuals who help insured’s and policy owners with their life settlement. A life settlement starts with a seller aged 70+ who is usually in a position where he or she needs to cash in a policy that may have become unneeded or wanted.
In order to fill the need, more and more capital is coming into the marketplace through institutional investors and other providers with access to capital, to buy life insurance policies from qualified sellers with the help of life settlement producer.
All of the life settlement activity is a direct response to a very real and strong demand from seniors who have unaffordable and unneeded policies. The life settlement producer helps these folks that are looking for an alternative to surrender or a lapse.
The number of seniors reaching the age of qualifying for life settlement is accelerating rapidly as the Boomers come of age and are living longer. Click our
LIVEpdq button to see if we can help you with your life settlement 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 @ 10:02 PM
By Phillip J. Powell
A life settlement producer is an Agent that works for a Broker and is experienced in offering a clients
alternatives to their existing life insurance policies. With our economy changing, many of our clients needs for
insurance have also changed.
A life settlement producer is someone that can identify with the changing industry and is capable of conveying the short term and long term benefits of acurrent life insurance policy.A life settlement producer collects preliminary inormation from a client and works with a Broker to try and secure on the secondary market. It is very important for a life settlement producer to have key relationshipswith people in the industry to help obtain the best offer. It is also very important that your life settlement producer is acting in the best needs of the client becuse there are many variations to selling a policy and the needs of client.
For more information on how much your policy is worth 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 @ 06:56 PM
By Stephen R. Bathon, CLU, ChFC, AEP
A life settlement producer
is potentially anyone in the financial services industry interested in the process of selling (settling) a life insurance contract for the benefit of his client. Although a great deal of life insurance is sold by individuals working in the large wire houses, an account executive is almost always restricted by his employer from being a life settlement producer. This is also true of most career life agents working for a life insurance company.
Consider the plight of the account executive with a client that has a failing policy. He recognizes that the policy is in jeopardy, but his only recommendations can be to put in more money, cancel the policy for its remaining cash value or replace the policy with a new one. When a policy is replaced using the remaining cash value in the old policy, it is referred to as a 1035 exchange. Putting this cash into the new policy can help reduce the future annual premiums. In many instances, however, it would be far more beneficial to the client to take out his cash value and then sell the contract, providing more funds to reduce future premiums. This is a recommendation many brokers and agents cannot make.
Today, most stock brokers and career agent are forced by company policy to recommend only additional premiums, face amount reductions, cash value surrender or exchanges, rather than a settlement. Many policy owners find out too later, that they could have done much better with a settlement producer.
For more information on insurance settlements, please click the 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 @ 03:21 PM
By: Joseph W. Horner
Although many people think a Life Settlement Producer
and a Life Settlement Broker are the same they are in fact very different. A Life Settlement Producer is typically a life insurance agent/broker that is also working with clients to help them sell their insurance policies in the settlement marketplace. While a life settlement broker is an intermediary to the life settlement marketplace and usually has relationships with multiple life settlement providers in order facilitate the sale of policies.
The first and foremost responsibility of the Life Settlement Producer is to help the client determine not if can sell their policy but if they SHOULD sell their policy. Once it is determined that the client should sell the policy then it is the Life Settlement Producers responsibility to help the client get the policy evaluated in the settlement marketplace by working with the client to get the items required by the Life Settlement Broker together so the Settlement Broker can then submit it to his/her sources. Assuming an acceptable offer is obtained the Life Settlement Producer must then work with the client to get closing documents executed as well as get any additional information the provider requires to the Settlement Broker for submission to the provider.
In short the Life Settlement Producer should play an integral part of a life settlement transaction and can not only provide a client much needed and invaluable advice but can make the transaction a smoother and easier process.
For more information about Life Settlement Producer 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 Norman Hood on Fri, Jun 25, 2010 @ 04:02 PM
By Rick S Cantville
A life settlement producer
is generally a life insurance agent that assists their clients with selling their unwanted life insurance policy. Their primary responsibilty was to secure the best offer possible for the client and advise the client as the case progresses towards the final sale of a policy.
Other responsiblities of the life settlement producer is to work with a life settlement broker. The life settlement broker should be an indespensable resource to the life settlement producer since they are the liason to the life settlement funders. Since the funders will naturally be inclined to purchase the policy for a little as possible, it is the job of the broker to negotiate a highest possible offer to the client.
The life settlement producer must also advise the client of other options regarding their life insurance policy and determine if selling the policy is in the clients best interest. Often times, the producer can answer the question "Can I sell my policy", but often times does not address the question "Should I sell my policy?" Finding a life settlement producer that can advise a client in this respect is in the best interest of the client.
For more information regarding the value of your 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 Fri, Jun 25, 2010 @ 02:56 PM
By Amie M Wirth
The life settlement producer
and life settlement broker are licensed individuals that help transact a life insurance settlement for qualified clients. In order to determine if a client qualifies for a life settlement a life insurance producer meets with the client to review their life insurance policy, but a good life settlement producer does so much more. A good life settlement producer will discuss all options available to the potential client regarding their life insurance policy.
The life settlement producer and the client determine that a life settlement is something that the client will qualify for by reviewing the policy information and discussing the client’s health issues. Once it is determined that the client may life settlement the life settlement broker contacts a life settlement broker to work with life settlement purchasers.
The life settlement broker obtains all medical records and life expectancies on the client and along with the policy information obtained by the life settlement producer send the information to multiple entities that purchase life settlement. These entities are called life settlement funder or funders for short. The life settlement broker’s relationships with the funders are key to obtaining viable offers as well as to the completion of the life settlement. The life settlement broker has the knowledge and relationships that will help the life settlement producer complete the transaction.
Once the funders have offers for the policy the offers are given to the life settlement producer from the life settlement broker. The offers are discusses and the life settlement broker gives their recommended course of action. The life settlement agent will contact the client and discuss the offers and help the client determine they will benefit in proceeding with the life settlement. If the client decides to move forward with the life settlement the life settlement agent will the client through the document process.
The life settlement broker will work with the funder, insurance companies and at times the client to complete the sale and verify that the client receives their money in a timely manner.
Click on the Live PDQ button to see if a life settlement is something that will help you and your financial needs.
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
It is the role of the life settlement producer
to continue to remain "in the know" regarding the life settlement business. A good life settlement producer is quickly able to tell the difference between a policy that is good candidate for settlement and one that is not.'
Once the life settlement producer has helped you make the decision to sell a policy they pass the information to a Broker. It is very important that a life settlement producer be affiliated with a broker that is reputable. The life settlement producer should have a good working relationship with the broker and should be in regular contact with the broker regarding your settlement case.
Your life settlement producer should help make you aware of how the settlement process works, assisting you with getting needed information to the broker, and keeping you informed on where you are in the settlement process. Once your life insurance policy sells, your life settlement producer will assist in making sure everything is complete and possibly assist you in replacing your old policy with one that works better for you!
For more information on life settlements click 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 @ 02:05 PM
By Amie M Wirth
A life settlement producer
are individuals that help to facilitate a life settlement transaction. A life settlement producer meets directly with potential clients to help them determine if a life settlement is something that a client could and or should do with their life insurance policy. Not all clients qualify for life settlements, but a good life settlement producer can help a client determine what is best for them given their set of circumstances.
Life settlement producer help the client gain knowledge of the life settlement industry. Many people have never heard of the life settlement industry and they are unaware that the life insurance that they no longer want or may no longer need could have a value greater than the surrender value the life insurance carrier is willing to give the client. Life settlement producers explain the life settlement process and what the clients will be required to do to complete the sale of their life insurance policy.
There is a lot that goes into the sale of a life insurance policy and it can take anywhere from thirty days to one hundred and twenty days to obtain a viable offer on policy and start the process of signing the documents. During that time the life settlement producer works with a life settlement broker to clarify information and obtain the required information to process the sale of a life insurance policy. Once an offer is accepted the life settlement producer is usually the person that helps the clients complete the documentation and helps with the completion of the sale.
A life settlement producer is a main component in the sale of a life insurance policy on the secondary market. Click on the Live PDQ button and see that we are the life settlement producer for you.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.
Posted by Norman Hood on Fri, Jun 25, 2010 @ 10:59 AM
By Rick S Cantville
A life settlement producer
that promotes life settlements to their clients will need to address the specific purpose of why a client should sell a policy. Many clients have concerns about keeping up premiums on policies they may no longer need, however, they may not be aware of external costs and concerns that the client may experience. This is where an experienced life settlement producer can assist a client.
If the client is concerned about outliving his or her retirement income, the expenses associated with terminal, chronic, or critical illness or long-term care expenses, then the life settlement producer may want to recommend a settlement. A lump sum of cash from the sale of a policy will be an advantage to a client that may not have cash available or be willing to sell assets from his estate to pay for these needs.
To determine if a client could sell their policy, they can visit LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.