We have fans on the Life Settlement funding side of the business

August 21, 2008 | Leave a Comment

“I would like to take this time to thank you for forwarding exactly what we need, excluding all we don’t. This will make getting this file for review a quicker process. A breath of fresh air.”

-An institutional Life Settlement Provider in North Carolina

Posted by admin | Filed Under Resources, Testimonials

Life Settlement helps relieve financial burden

July 15, 2008 | Leave a Comment

Recently, a 74 year old male in good health approached his financial planner with a problem. One of his children was in need of some financial assistance to cover some extraordinary medical costs. Since the planner had previously completed some Life Settlement cases with Settlement Benefits Association, he presented the idea of selling the client’s $600,000 policy. He explained how the cash generated from the sale could be used in any manner.

After underwriting the case, we were able to secure 6 offers from licensed providers. The highest offer, $192,000 would be enough cash to accomplish the client’s goal, so we completed the transaction.

Posted by admin | Filed Under Case Summaries, Resources

Recent Life Settlement Case Summary

May 23, 2008 | Comments Off

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.

Posted by admin | Filed Under Case Summaries, Resources

Compliments for this Life Settlement web site

May 21, 2008 | Comments Off

“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

Posted by admin | Filed Under Resources, Testimonials

Society of Financial Service Professionals

May 15, 2008 | Comments Off

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

Posted by admin | Filed Under Articles for Financial Professionals, Resources, Society of Financial Service Professionals

Life Settlement Case Summary

May 7, 2008 | Comments Off

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.

Posted by admin | Filed Under Case Summaries, Resources

Praise from a Life Settlement Provider

May 2, 2008 | Comments Off

“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

Posted by admin | Filed Under Resources, Testimonials

Why Life Insurance Works In A Turbulent Market

May 2, 2008 | Comments Off

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

Posted by admin | Filed Under Articles for Financial Professionals, Articles for Policy Owners, Resources

Life Settlement Case Summary

April 23, 2008 | Comments Off

A 65 year old male in relatively good health presented a combined $1.3M in total insurance through his Certified Financial Planner. The coverage was no longer needed since his wife had recently passed away. The insured, who was also the policy owner, wanted a way to fund his grandchildren’s college fund despite his limited liquidity.

As a professional brokerage, Settlement Benefits Association shopped each policy individually to literally dozens of licensed Life Settlement providers. Given the different face values of each policy, we ended up with bids from 8 different providers. We created a scenario with the highest bids for each policy and combined the paperwork from 2 different providers to best suit his needs.

Working with the agent, we presented a final offer to the client of over $238k. He gladly accepted this Life Settlement and has purchased the college savings product he desired as well as an annuity for himself.