Archive for the ‘Settlement Benefits Association’ Category
Life Settlement helps relieve financial burden
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 [...]
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 [...]
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 [...]
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.
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 [...]
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
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
Life Settlement Case Summary
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 [...]
Praise from a Marketing GA in Weston, FL
“You guys are the true settlement gurus.”
Case Summary on an 79 year old male
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.