What are the requirements necessary to sell a policy?
All of the following must be present in order to sell a policy:
Insured must be at least 70 years old (possibly younger if there are health issues)
Minimum policy size $250,000*, no maximum
Policy must be at least 2 years old
The insurance company must be rated A or better by AM Best
Term, Whole Life, Universal Life and Variable Universal Life are acceptable types of insurance
* We now have a few sources that will go as low as $50k, you must understand that there is a smaller market for these policies, but at least there is an outlet for them. Call 1-888-973-8377 to discuss.
Welcome to LifeSettlementAwareness.com, this is the new site and resource for both senior consumers and financial professionals. We open your eyes to the Life Settlement Industry.
To read more about us, visit: About
We are not affiliated with the previous owners of LifeSettlementAwareness.com..
This is from their about page:
LifeSettlementAwareness.com functions as a Life Settlement Aggregator and Clearing House. As such, we are completely different from typical Brokers and Funders. Our unique design and our proprietary relationships allow us to get our client’s cases in front of virtually all legitimate funders. Maximum exposure in the market place is the only way that the client can be assured that they are receiving the best possible price. This is something that that no other single resource offers. If a client opts to deal directly with a Funder they will receive only what that particular Funder is prepared to pay. The addition of competition for the case is the only way to obtain “True Market Value” for the policy. The only way for a client or their advisor to do what we do for themselves is to personally submit their case to at least 8 Brokers. They also have to know which 8 Brokers to contact.
More and more institutional investors (such as hedge funds and insurance companies) are getting involved in the Life Settlement industry. Currently, there are at least 35 Funders. Each has its own pricing model. Some of these new players have exclusive relationships with only one Broker. It would be shear luck that a client or his advisor would happen to identify the right group of Brokers. Our 5 plus years in the Life Settlement industry have allowed us to establish long relationships with the key Brokers. More importantly, it has given us the ability to select only the most qualified and honest companies with which to do business. Our fee is paid by the Broker. It cost the client no more to use our services than if the went direct to a Broker.
Our goals are:
- To utilize sophisticated internet and print media to make companies, high net worth individuals and their advisors aware that the life settlement industry exists.
- To explain some of the many potential benefits a life settlement offers.
- To provide them with highly qualified experienced representatives who will assist them in case preparation and management.
If you have questions regarding a life settlement, call toll free for free consulation:
1-888-973-8377
