Recent Life Settlement Case Summary

This client had two life insurance policies, totaling $750,000 of universal life.  He decided to have both policies shopped on the secondary marketplace, which we did for him.  This client is 70 years old with health issues.  His estate no longer needed the coverage.

After several weeks of generating competitive bids, we were able to secure a high offer of $222,838 representing almost 18 times the cash in the policies.  The agent presented this to the estate, and they agreed that taking this offer would be the best course of action. 

Filed Under Case Summaries, Resources 

Compliments for this Life Settlement web site

“I went through your web site and I kind of read through it and it is a very good web site, it is very nice, it is very clear; it’s easy for someone who doesn’t know about life settlements to understand the concept.   It’s also original for someone who knows a little bit about life settlements, it’s very well done.”

-A. Selby, a new life agent in California

Filed Under Resources, Testimonials 

Society of Financial Service Professionals

The Society of Financial Service Professionals has published their May 2008 Estate Planning newsletter, and included another life settlement article from Settlement Benefits Association.

Filed Under Articles for Financial Professionals, Resources, Society of Financial Service Professionals 

Life Settlement Case Summary

A 75 year old male with a $200,000 term policy past its conversion period came to Settlement Benefits Association for a Life Settlement appraisal.  The client’s premiums were going to triple in three years and he needed to sell the policy.

Settlement Benefits was able to shop the entire institutional marketplace and find a provider willing to purchase the policy for $43,000.  The client used the proceeds to pay his existing universal life policy, eliminating premiums for the next few years.

Filed Under Case Summaries, Resources 

Praise from a Life Settlement Provider

“I have met some really unprofessional people on the broker side, and you are not one of them my friend.  You are one of the best.”

Mike, account manager for a licensed provider

Filed Under Resources, Testimonials 

Why Life Insurance Works In A Turbulent Market

They have an interesting article over on the National Underwriter web site about life insurance and the role the secondary market is playing in today’s financial environment:

http://www.lifeandhealthinsurancenews.com/cms/nulh/Weekly%20Issues/issues/2008/15/Focus/L15sherman?origin=Life%20Settlements

Filed Under Articles for Financial Professionals, Articles for Policy Owners, Resources 

Proud Member of the National Ethics BureauCelebrating 5 Years of Life Settlement Service

Life Settlement licensing requirements vary by state. In some states, life agents and other financial professionals must be licensed to source policies or receive commissions. Settlement Benefits Association is not licensed in all states. Some or all of the proceeds of a Life Settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. This web site is not currently approved in the states of Oklahoma or Texas. This web site does not apply to variable life settlements. Receipt of proceeds may impact eligibility for government benefits and entitlements. Prior to sale, the insured should consider the continued need for coverage, impact to estate plans, availability of insurance, cost of comparable coverage or tax implications.