Settlement Benefits Association

Upgraded Replacement Case Example

admin — Thu, 15 Jan 2009 18:17:55 +0000

This client needed to continue his life insurance coverage. His existing term policy contained conversion privileges. Instead of letting his existing term policy lapse, we were able to generate a life settlement offer. The proceeds from this transaction were used to fund a new term life policy with premiums slightly lower (due to changes in the pricing of the insurance products) for two full years. So, the client walked away with 9 additional years of term coverage without a premium for 2 years and still maintained the conversion privilege if needed at a later date.

Sale of a term life insurance policy

admin — Wed, 31 Dec 2008 20:44:25 +0000

A life insurance agent recently conducted a yearly review of his client’s life insurance policy. Noting that the policy was soon to run out of conversion privilege, he decided to explore options on this policy. After realizing the estate had shrunk and the need for insurance was less than previously calculated, the agent recommended a Life Settlement for the client.

After waiting for the 8 week underwriting process to complete, he was happy to learn that SBA had found an institutional life settlement provider who would allow him to convert the policy as the writing agent and sell the new universal life policy for a percentage of the death benefit. Without the annual review, the agent never would have found the opportunity that the client needed to fund a long term care product that he desired.

Gratitude for Life Settlements as a financial planning option

admin — Wed, 31 Dec 2008 12:51:44 +0000

“One simple change. Noam Weiss’ advice to turn to my lapsing clients and offer a Life Settlement has changed the way my customers perceive me. These clients, who in the past were disappointed that something I sold them no longer worked for them, now see how I am helping reconfigure their financial portfolios and salvaging the losses in the variable insurance market. This technique works…”

-M. Peterson, CLU in West Palm Beach Florida

Life Settlement funds nursing home expense

admin — Tue, 30 Dec 2008 19:38:52 +0000

Recently, the son of an 88 year old male approached Settlement Benefits Association to request an appraisal on his father’s life insurance policy. The son could no longer afford to pay both the premiums on the policy and the nursing home expenses the father required. Although the $205,000 policy is considered small in our industry and the insurance carrier rating was “B”, we were able to overcome these hurdles and generate bids by showing his extensive medical history to the life expectancy underwriters.

The final offer satisfied the son, and we were to complete the transaction for the family.

An immediate reaction to Life Settlements

admin — Tue, 30 Dec 2008 12:50:49 +0000

“Thank you for the call today. I really believe in this market and the benefits that it can bring to my book of business. I’ll be sending you that first case next week.”

-Paul V., CLU

SBA surpasses competiting broker’s offer by over $100,000

admin — Mon, 29 Dec 2008 20:44:21 +0000

This client’s estate planning attorney contacted Settlement Benefits Association to conduct a Life Settlement appraisal. They had a combined offer from another broker of $900,000 for the client’s two $5,000,000 policies. After extensive negotiations with various licensed providers, SBA was able to get the client $1,010,000. By being thorough, SBA provided significant value to this file and this client.

Life Settlement Appreciation

admin — Mon, 29 Dec 2008 12:50:02 +0000

“Settlement Benefits has been a resource for me for over a year. Your willingness to help me explain the process to my clients, and understand the compliance issues myself, have helped us reap the benefits of this new transaction.”

Joni R., Trust Advisor in Manhattan

Another comment from a pleased agent

admin — Fri, 26 Dec 2008 12:46:56 +0000

“Settlement Benefits presented the amazing opportunities life settlements provide for Philanthropic minded individuals, their advisors and the charities. Their presentation was clear and easy to understand, we are expecting big things in the very near future.”

Daniel Staffenberg,
Chief Development Officer,
Tampa Jewish Federation

Appreciation of our integrity

admin — Tue, 23 Dec 2008 12:45:36 +0000

“I respect your integrity immensely, and wish all of my associates made their standards so transparent and credible.”

-Brenda J., Attorney in Chicago

Getting started with Life Settlements

admin — Mon, 22 Dec 2008 12:44:41 +0000

“Your web site made me shine today, and I just wanted to write you a quick thank you for that. During a consultation, my client asked me about a Life Settlement, and having only briefly talked about it with you last month, I wasn’t sure how to get started. After a few clicks, I had shown my client how a Life Settlement works and I had downloaded your application. We filled it out right on the spot, and it only took 10 minutes. Thanks for making it so easy, and you can rest assured that I have only one source for these, you.”

-Michael, Estate Planning Attorney