5 Insider Tips to Obtain the Best Life Settlement Offers
February 14, 2008 | Leave a Comment
Over the past few years, the Life Settlement industry has grown and matured tremendously. By some estimates, over $12 billion of life insurance was transacted during 2007. This growth has generated many positive changes in the industry, including increased legislation, the utilization of technology and the development of best practices. However, this growth has also attracted many new entrants into the marketplace. This increasing pool of industry participants has muddied the waters for many insurance producers when it comes time to decide who to partner with. Similar-sounding companies peddling comparable propositions can create the appearance that everybody is the same. However, that appearance is misleading. Many of these new entrants lack the experience to handle the many intricacies and stumbling points within the process of a Life Settlement.
Testimonial from a financial professional in Illinois
January 22, 2008 | Comments Off
“I believe that you have been persistent enough to stay in touch, and send me information in the mail and things like that to keep me informed…that goes a long way.”
-Lloyd
Lake Forest, Illinois
Testimonial from a trustee in NY
January 18, 2008 | Comments Off
James, a trustee on a case we recently completed in NY, had these kind words to say to our managing partner upon receiving his settlement check:
“In closing, I wanted to thank you very much for all your help along the way. You’ve been a real gentleman, and certainly very efficient. And I want to thank you. I have, through the years, spoken to many legal departments and insurance agents, and you really made a rather complicated matter easy, and I do thank you for that.”
Case Summary on a 61 year old male
January 7, 2008 | Comments Off
SBA was given an opportunity to work with a 61 year old client who had significant health issues. His policy was in jeopardy of lapsing and his financial planner determined that his life policy was no longer needed. After an initial offer of $18,000, were able to secure bids from three separate licensed providers, and push the final offer to a total of $49,000 to the client. He was very pleased with our efforts and our ability to secure the highest possible settlement for him, and proceeded to transact his policy. Additionally, the financial planner was able to consider to a wider array of options while updating the client’s financial plan.
Testimonial from a Marketing GA in Weston, FL
December 18, 2007 | Comments Off
Harry says:
“If you have aging clients, and their older policies aren’t performing according to what they anticipated, OR a term policy that is running out of time, and the conversion premium is much too expensive, What do you do?
Contact Settlement Benefits Association, and get some great professional advice on many additional options, which will include helping your client, while at the same time earning multiple commissions. They are a National Company and we have had tremendous success with them. ”
We have been working closely with this experienced life settlement broker, Settlement Benefits Association. They are diligent, effective, and can help us evaluate and productively settle policies. I’ve seen first hand how they obtain the highest offers and help walk us through this new process.”
As Life Settlements boom, banks, regulators circle
November 26, 2007 | Comments Off
This article, published in the Wall Street Journal, reports how the Life Settlement different industry players are growing with the rise of the industry as a whole. Download the pdf below.
As Life Settlements BoomFinancial Professional says “SBA has exceeded and surpassed all of our expectations.”
November 19, 2007 | Comments Off
“Thanks again SBA for a job well done on our most recent file.
For anyone who is a Finacial Advisor, Life Agent or Estate Planner, Settlement Benefits should be your Life Settlement Broker of choice. SBA is Professional, timely and most of all ethical.
SBA has exceeded and surpassed all of our expectations.
The Bottom Line: SBA will get the job done when others cannot.”
-Brad H.
Ankeny, Iowa
Testimonial from a Planned Gifts Officer
October 24, 2007 | Comments Off
“I think ultimately everyone involved is pleased with the outcome. Learned a lot in pursuing the life settlement arrangement…I want to thank you for being a wonderful guide throughout this process. Enjoyed getting to know you, and will call again next time we come across a similar situation.”
-Planned Gifts Officer
Case Summary on a 82 year old female
October 22, 2007 | Comments Off
The planned giving professional at an assisted living facility contacted us regarding this case. He had a client who could no longer afford the care of his facility. She had previously donated her own life insurancy policy to the facility, with the promise to continue making premium payments, which she also could no longer afford. Seeking creative solutions that would allow his client to stay at the facility, he asked for an evaluation of this charity-owned $1,000,000 universal life policy. After shopping the marketplace, we determined the fair market value of the policy to be $150,000, which they decided to accept. The proceeds were used to pay for the client’s care and create a win-win situation for everybody.
Case Summary on a 71 year old male
October 22, 2007 | Comments Off
This client approached us about conducting a policy evaluation on his $200,000 universal life policy. With his premiums of a little over $12,000 annually and no surrender value left in the policy, he no longer wanted to maintain the coverage. Although it is more difficult to gather bids on smaller face values, we were able to get 4 competitive bids on this case. The client accepted the bid of $54,000.
Recent Resources
- Life Settlement helps relieve financial burden
- Recent Life Settlement Case Summary
- Compliments for this Life Settlement web site
- Society of Financial Service Professionals
- Life Settlement Case Summary
- Praise from a Life Settlement Provider
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