Settlement Benefits Association

Life Settlement Case Summary

admin — Wed, 07 May 2008 19:33:56 +0000

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.

Praise from a Life Settlement Provider

admin — Fri, 02 May 2008 14:24:35 +0000

“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

Why Life Insurance Works In A Turbulent Market

admin — Fri, 02 May 2008 12:48:35 +0000

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

Life Settlement Case Summary

admin — Wed, 23 Apr 2008 19:33:48 +0000

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.

Praise from a Marketing GA in Weston, FL

admin — Mon, 31 Mar 2008 21:13:48 +0000

“You guys are the true settlement gurus.”

Case Summary on an 79 year old male

admin — Fri, 07 Mar 2008 16:52:21 +0000

This client had several term policies with a combined death benefit of $900,000. Premiums were 2.5% to maturity and he needed a better product to suit his estate. He accepted an offer of $219,000 and used the money to purchase a long term care plan.

5 Insider Tips to Obtain the Best Life Settlement Offers

admin — Thu, 14 Feb 2008 15:55:25 +0000

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

admin — Tue, 22 Jan 2008 20:39:27 +0000

“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

admin — Fri, 18 Jan 2008 18:18:58 +0000

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

admin — Mon, 07 Jan 2008 20:19:39 +0000

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.