Research reveals that the majority of insurance producers are mistakenly not presenting Life Settlements to their clients. More than half the agents in one survey stated that they had clients over age 75 that either no longer needed their life insurance or couldn’t afford to keep it.
Unfortunately for consumers, many insurance professionals are not presenting this option to their clients. As a result, hundreds of millions of dollars a year in eligible life insurance policies are cancelled or surrendered—without the mention of Life Settlements as a viable option.
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Maine, Oregon and Washington require insurance companies and agents to present life settlements as a viable option to surrendering a policy and other States are considering similar legislation. |
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Life Settlements are not for every client. Age, medical conditions, and face amounts dictate availability and payouts. Average clients are over age 70 with policies in excess of $250k. |
The unfortunate truth is that the overwhelming majority of producers don’t present life settlements as an option because they don’t understand it or feel uncomfortable about the whole process. If your clients fit into any of the following, you owe it to them to present life settlements:
- Unwanted life insurance, including convertible term
- Reduced net worth — too much insurance and not enough cash
- Changes in estates and new trusts that make old life insurance policy obsolete
- When eligible clients want to surrender or lapse their large policies
- Provide immediate funds for Long Term Care of Medical Expenses
- Unneeded business insurance due to retirement or change in ownership
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Here’s your chance to cash in on the booming demand for Life Settlements and get your clients the best Life Settlement option possible—without being an expert. |
With BestOfferGuaranteed.com, you can readily offer Life Settlements to your clients and be confident that you are giving them the best offer. To receive a FREE Life Settlement Review Toolkit, which will show you the secrets to getting the best offer every time, simply fill our the form to your right.
Disclaimer: Life Settlement Brokers and Providers are not created equal. For over 17 years we have conducted thousands of transactions for producers and advisors just like you. We have access to over $2 billion of institutional funding and we know how to get it done right.
