Life Settlement Association - For The Senior's Benefit
Posted by The Policy Settlement Alliance on Wed, Jul 28, 2010 @ 09:31 AM
By Stephen A. Bailey
Life settlement association is now for the protection of seniors. CALSA (California Life settlement Association); LISA (Life Insurance settlement association); ELSA (European Life Settlement Association) and more associations are now in place to protect the interests of the elderly. When I first came into the life insurance business, long before viaticals and policy settlements were being done, my manager told me: "no matter what you do in this business, just remember that the client always comes first". I've never forgotten. And this is why we are rapidly developing associations for the interest of the client.
Life settlement association meetings are constantly striving to make the industry of policy settlement, more transparent (as opposed to opaque). A senior wanting to market his policy, needs to understand on his level, just what occurs in the sale of a policy. Life insurance advocates who only believe that their life insurance policies should not be sold (like I used to think), do need to understand that the two parts of this business actually go hand in hand.
A life settlement association is there to protect the client. The business of selling policies, just for the sake of selling policies is not a reputable endeavor, either for the insured or the broker. A life insurance policy should always be taken out for the need of Income Replacement, Taxes, or retirement. Selling the policy is only when those needs change and the client needs money for additional income. the associations are here to protect that transaction. For more information please click on LIVEpdq.
Note: Blog posts reflect the opinion of the author, which may differ from the opinion of policysettlement.com.