Life Settlement Education - Who Fills You In When Who's Supposed To Doesn't?
Posted by Norman Hood on Fri, Mar 19, 2010 @ 03:28 PM
By Norman A. Hood
The lack of life settlement education (according to many experts) continues to be a critical element that's preventing the life settlement industry from growing to the next level. And, according to one recent report, lack of life settlement education among life insurance agents and other financial advisors could be the greatest barrier.
Based on the most recent statistics, 59% of agents surveyed don't intend to perform a life settlement for their clients within the next 12 months. From that group, 48% stated they would not perform a life settlement because "I don't know enough about life settlements."
Too bad for consumers when the advisor who is supposed to be looking out for their life insurance needs lacks the life settlement education needed to share information with them about something that can (on average) yield four times as much cash for their policy as the next best alternative.
Fortunately, there is a growing movement throughout the life settlement industry and among US regulators to increase understanding. Beyond the US, there appear to be similar efforts. In the UK, a marketing firm recently published an article 
about using US senior settlements within UK pension funds.
Consumers who want to know what their policy might be worth can use our fast and easy LIVEpdq tool.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.