NCOIL (The National Conference of Insurance Legislators) has adopted a model that requires insurance carriers to inform life insurance policy holders that selling one's life insurance policy can be a viable alternative to surrendering one's policy.
Consumers/life insurance policy owners will benefit from the new NCOIL model because in most cases one can get more cash by selling their policy in a life settlement transaction than if they just surrender their policy for cash value. Selling one's policy is already a very popular concept and a valuable tool for those 65 and older who have life insurance policies but no longer need or want them. In addition, most states have approved the life settlement process by passing laws which give policy owners protections during the process.
The NCOIL Model requires insurance carriers to notify policy holders over age 60, or who are terminally ill, that they have alternatives. Alternatives include selling a policy on the secondary market.
For more information about selling your life insurance for cash now, rather than taking less from the insurance carrier, call a representative at Settlements For Life. Settlements For Life is licensed in most states and has been a national life settlement broker and viatical broker since 2003. Settlements For Life is regarded as one of the most experienced and trusted names in the life settlement business.
We work direct with life insurance policy owners and financial advisors to get the most cash for a life insurance policy.
Settlements For Life
Enhancing The Value Of Your Life
http://www.settlementsforlife.com/
info@settlementsforlife.com
877-588-5558
Thursday, December 30, 2010
Thursday, December 16, 2010
Yes You Can Sell Your Life Insurance Policy!
A viatical life settlement can be the perfect way to get cash one needs from an asset that is no longer needed or wanted; a life insurance policy.
It is perfectly legal for one to sell their life insurance policy and as a consumer most states have licensing requirements and laws that provide protection to consumers in a senior settlement transaction.
A few things a consumer should consider are:
· It might be possible to get significant cash from the sale of one’s life insurance policy; and in many cases multiple times more than one could get from cashing in their policy and letting their policy lapse.
· Life insurance carriers, in most cases, do not advise, or let their agents advise a consumer that a life settlement, or sale of one’s policy might be a good alternative to cashing in one’s policy.
· A viatical settlement transaction is completely safe. Reputable buyers deal only with institutional funds and servicing agents. In most cases the actual buyer and new owner of a policy never actually knows whose life insurance policy they own.
It’s ok – if you no longer need or want your life insurance policy, check with a reputable life settlement broker like Settlements For Life to discuss your options. At Settlements For Life you can discuss your options with our President and Founder, Ronnie Katz, a CPA, to see if the sale of your life insurance policy is right for you.
SETTLEMENTS FOR LIFE
ENHANCING THE VALUE OF YOUR LIFE
National Life Settlement Broker Since 2003
Thursday, December 09, 2010
Viatical Settlements - What is a "Good Policy"?
Many seniors are looking to sell their life insurance policies that they no longer need or want. In some cases policies are no longer affordable and policy owners would prefer to have cash now for their policies. How does one know if their policy is a saleable asset? Below are a few current parameters in which one’s policy should fall to attract today’s buyers. There is no guarantee that one’s policy will be sold.
• Age 65 and older – this is a function not only of age, but one’s estimated life expectancy. Life expectancy is estimated by reviewing the insured’s medical records.
• Life expectancy of 15 years and less – most buyers today are looking for policy owners with life expectancies of 10 years or less, but there are some exceptions.
• Policies written by life insurance companies with good ratings – typically B+ rating an better
• Reasonable life insurance premium relative to the death benefit – this is typically 5% annually of death benefit or less.
• Face amounts between $50,000 and $40,000,000
In some cases buyers will consider policies that have been premium financed. When considering a sale of your life insurance policy you should consult with your financial advisor to make sure a sale is right for you. Then call a professional life settlement broker to handle your senior settlement.
Does your life insurance policy qualify for a sale? Ask a qualified professional at Settlements For Life today!
Settlements For Life
Enhancing The Value Of Your Life
www.settlementsforlife.com
info@settlementsforlife.com
877-588-5558
Professional Broker Since 2003
Licensed in Most States
• Age 65 and older – this is a function not only of age, but one’s estimated life expectancy. Life expectancy is estimated by reviewing the insured’s medical records.
• Life expectancy of 15 years and less – most buyers today are looking for policy owners with life expectancies of 10 years or less, but there are some exceptions.
• Policies written by life insurance companies with good ratings – typically B+ rating an better
• Reasonable life insurance premium relative to the death benefit – this is typically 5% annually of death benefit or less.
• Face amounts between $50,000 and $40,000,000
In some cases buyers will consider policies that have been premium financed. When considering a sale of your life insurance policy you should consult with your financial advisor to make sure a sale is right for you. Then call a professional life settlement broker to handle your senior settlement.
Does your life insurance policy qualify for a sale? Ask a qualified professional at Settlements For Life today!
Settlements For Life
Enhancing The Value Of Your Life
www.settlementsforlife.com
info@settlementsforlife.com
877-588-5558
Professional Broker Since 2003
Licensed in Most States
Wednesday, December 08, 2010
Life Insurance Policy Sellers Beware
Consumers selling their life insurance policies should make sure they get the most value from their policies. Following is a partial list consumers should follow to be sure they are properly guided and paid in a senior life settlement transaction:
• Deal with a Life Settlement Broker, also known as a Viatical Broker or Senior Life Settlement Broker. Using a broker will guarantee that you get the most cash available for your policy. Brokers will shop your case to many buyers suited for your policy. Brokers can calculate the approximate value of your life insurance policy. Going direct to a buyer, in some cases, results in a seller accepting a sale under the actual market price.
• Make sure your Life Settlement Broker is well established and maintains a real office. Make sure to deal with individuals who are easily identified as being established. Make sure your broker has a real company email address. Make sure your broker has a real functioning web site on which information about the Company is readily available.
• Search the web and make sure you find information about the broker, including Company personnel. Reputable Life Settlement Brokers will be easily found in a search. Professionals will often be quoted in industry articles and magazines.
• Your Life Settlement Broker must be licensed to do business in most states. Check state web sites to make sure they are in fact licensed, or ask them to show you a copy of their license.
• Fill out a complete application provided by your broker and have a clear understanding of what your broker will be compensated for when representing you in a sale.
• Have your broker explain the complete process and expected timeline from the time of application until you get paid.
• Ask your broker to provide you with all required disclosures required by state law.
• Understand your options and alternatives to selling your life insurance policy.
• Make sure a reputable and established buyer buys your policy. Institutional investors, banks and hedge funds will provide the most professional and confidential handling of your information.
• Do not sell to an individual buyer unless you are well informed about the buyer and you are sure it is legal to do so in your state.
• Call Settlements For Life, broker since 2003, to assist you with the sale of your policy. Settlements For Life was founded by a CPA and provides professional, personalized and confidential service to each of its clients.
To find out more about Settlements For Life’s services, please contact a representative at:
Phone: 877.588.5558
Visit Our Website
Email us
###
• Deal with a Life Settlement Broker, also known as a Viatical Broker or Senior Life Settlement Broker. Using a broker will guarantee that you get the most cash available for your policy. Brokers will shop your case to many buyers suited for your policy. Brokers can calculate the approximate value of your life insurance policy. Going direct to a buyer, in some cases, results in a seller accepting a sale under the actual market price.
• Make sure your Life Settlement Broker is well established and maintains a real office. Make sure to deal with individuals who are easily identified as being established. Make sure your broker has a real company email address. Make sure your broker has a real functioning web site on which information about the Company is readily available.
• Search the web and make sure you find information about the broker, including Company personnel. Reputable Life Settlement Brokers will be easily found in a search. Professionals will often be quoted in industry articles and magazines.
• Your Life Settlement Broker must be licensed to do business in most states. Check state web sites to make sure they are in fact licensed, or ask them to show you a copy of their license.
• Fill out a complete application provided by your broker and have a clear understanding of what your broker will be compensated for when representing you in a sale.
• Have your broker explain the complete process and expected timeline from the time of application until you get paid.
• Ask your broker to provide you with all required disclosures required by state law.
• Understand your options and alternatives to selling your life insurance policy.
• Make sure a reputable and established buyer buys your policy. Institutional investors, banks and hedge funds will provide the most professional and confidential handling of your information.
• Do not sell to an individual buyer unless you are well informed about the buyer and you are sure it is legal to do so in your state.
• Call Settlements For Life, broker since 2003, to assist you with the sale of your policy. Settlements For Life was founded by a CPA and provides professional, personalized and confidential service to each of its clients.
To find out more about Settlements For Life’s services, please contact a representative at:
Phone: 877.588.5558
Visit Our Website
Email us
###
Tuesday, December 07, 2010
Settlements For Life Sees Market Improvement
Life Settlement Broker Since 2003 Bullish on Future Viatical Settlements
Memphis, TN, December 7, 2010 – Settlements For Life sees expanded secondary market and new capital sources; looks forward to better sales in 2011.
Settlements For Life announced today that it is gearing up for an increase in volume for the 2011 calendar year. According to Ronnie Katz, CPA, Company President, “After a difficult year of market and price adjustments both capital and consumers are becoming more comfortable with policy pricing and potential yields.” Katz believes that the adjustment has forced the opportunists out of the brokerage arena. Katz said, “The market adjustment, along with much needed regulation, has forced out of the market the brokers operating just from their cars and cell phones. The more professional and well established brokers, such as Settlements For Life, and others with many years of experience, are prevailing in offering honest and reliable services to life insurance policy sellers.”
Katz has been encouraged recently by the more numerous offers Settlements For Life has been receiving for life insurance policies of varying face amounts, from $100,000 to $30,000,000, and believes 2011 will be a good year for the sale of existing policies, if a need exists. In addition, a recent publication about provider company best practices has recognized that it is preferable to use a life settlement broker as an intermediary in a life settlement transaction. Life settlement brokers will be all the more important in driving the future market, as brokers are regarded as the single best source to represent sellers to assure correct market pricing of their policies.
About Settlements For Life
Since its inception in 2003, Settlements For Life, a national broker licensed in most states, has seen several billion dollars of life insurance policies and portfolios and has developed a reputation as one of the top and most trusted life settlement brokers in the secondary market. Throughout the United States, trusted advisers, insurance agents, CPA’s, attorneys and portfolio owners turn to Settlements For Life to handle the sale of life insurance policies for them and their clients.
Settlements For Life assists life insurance policy owners and their advisors in the sale of policies no longer needed or wanted. Settlements For Life helps its clients maximize their value using its experience and modeling software to assure buyers pay the best price possible for a life insurance policy.
To speak to a representative or to find out more about Settlements For Life’s services, please contact a representative at:
Phone: 877-588-5558
Email: info@settlementsforlife.com
###
Memphis, TN, December 7, 2010 – Settlements For Life sees expanded secondary market and new capital sources; looks forward to better sales in 2011.
Settlements For Life announced today that it is gearing up for an increase in volume for the 2011 calendar year. According to Ronnie Katz, CPA, Company President, “After a difficult year of market and price adjustments both capital and consumers are becoming more comfortable with policy pricing and potential yields.” Katz believes that the adjustment has forced the opportunists out of the brokerage arena. Katz said, “The market adjustment, along with much needed regulation, has forced out of the market the brokers operating just from their cars and cell phones. The more professional and well established brokers, such as Settlements For Life, and others with many years of experience, are prevailing in offering honest and reliable services to life insurance policy sellers.”
Katz has been encouraged recently by the more numerous offers Settlements For Life has been receiving for life insurance policies of varying face amounts, from $100,000 to $30,000,000, and believes 2011 will be a good year for the sale of existing policies, if a need exists. In addition, a recent publication about provider company best practices has recognized that it is preferable to use a life settlement broker as an intermediary in a life settlement transaction. Life settlement brokers will be all the more important in driving the future market, as brokers are regarded as the single best source to represent sellers to assure correct market pricing of their policies.
About Settlements For Life
Since its inception in 2003, Settlements For Life, a national broker licensed in most states, has seen several billion dollars of life insurance policies and portfolios and has developed a reputation as one of the top and most trusted life settlement brokers in the secondary market. Throughout the United States, trusted advisers, insurance agents, CPA’s, attorneys and portfolio owners turn to Settlements For Life to handle the sale of life insurance policies for them and their clients.
Settlements For Life assists life insurance policy owners and their advisors in the sale of policies no longer needed or wanted. Settlements For Life helps its clients maximize their value using its experience and modeling software to assure buyers pay the best price possible for a life insurance policy.
To speak to a representative or to find out more about Settlements For Life’s services, please contact a representative at:
Phone: 877-588-5558
Email: info@settlementsforlife.com
###
Monday, March 22, 2010
Eldercare Professionals - Life Settlements For Your Clients
Whether you are an Eldercare Professional involved with:
•Eldercare Planning;
•Long-term Care Insurance;
•Senior Residential Communities;
•Assisted Living Facilities;
•Continuing Care Facilities;
•Nursing Homes, or
•Home Health Agencies,
your clients will benefit from your knowledge and advice in your recommending a Life Settlement.
Call Settlements For Life 877.588.5558
Visit Our Website
Email us
Settlements For Life
Life Settlements Broker Since 2003
•Eldercare Planning;
•Long-term Care Insurance;
•Senior Residential Communities;
•Assisted Living Facilities;
•Continuing Care Facilities;
•Nursing Homes, or
•Home Health Agencies,
your clients will benefit from your knowledge and advice in your recommending a Life Settlement.
Call Settlements For Life 877.588.5558
Visit Our Website
Email us
Settlements For Life
Life Settlements Broker Since 2003
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