Life Settlements Market Improves

The senior life settlements market is improving!

Per a major buyer that has just released first quarter 2011 statistics, bids for policies are up nearly 50%, bids being accepted have increased and the amount of life insurance policies submitted for evaluation have increased.

Whereas several years ago the average price for a senior life insurance policy averaged about 22% of the death benefit amount, the average price paid by one buyer was about 13% of death benfit amount. Most on life insurance policies between $1 million and $3 million face amount. Other buyers are still paying higher than 13%, depending on various factors.

The avreage age of insureds selling policies has increased to between 80 and 85 years old,with 81 being the actual average number. This is due to the increased life expectancies seen in the secondary market today.

The average life expectancy on purchased policies was between 7 and 10 years.

The market is showing interest by an increasing number of buyers. Settlements For Life just received an offer of $1 million on a $5 million life insurance policy, has successfuly sold other cases recently, and has more inventory to sell. Settlements For Life is a national life settlement broker and has been in business since 2003.

For more information about selling your policy or the policy of a client contact Settlements For Life. 877-588-5558. Email:info@settlementsforlife.com. http://www.settlementsforlife.com/

Agents Should Rely on Broker in Life Settlement Process

During tough economic times agents in life settlement cases need to rely on a broker that has current industry knowledge and is up to date with the most responsive buyers and purchasing programs. The agent must also be aware of the changes that are occurring in today's market such as mortality increase and buyer availability. Settlements For Life's knowledge and expertise help agents become aware of changes in the market and lets them know exactly what to expect.



Call Settlements For Life today.


Enhancing The Value Of Your Life

 National Life Settlement Broker Since 2003


877-588-5558
http://www.settlementsforlife.com/

info@settlementsforlife.com

What Kind Of Life Insurance Policies Qualify For A Life Settlement?

Universal Life, Whole Life, Term Life and in some cases Survivorship and Variable policies can qualify for a sale to get one the cash they need from a policy they no longer need or want.

Typically, in today’s market buyers are looking for the following:

·         Insureds 65 years old and older

·         Face amounts (death benefit) between $100,000 and $30,000,000

·         Premium amounts of 5% per year of face amount

·         Usually, and depending on age, the insured must have had some health issues since the life insurance policy was issued

Submit your case to see if you qualify - http://settlementsforlife.com/cons_submit.htm

There are many factors that make a policy attractive to a buyer.  Using a viatical settlement broker is the best way to determine if your life insurance policy has potential value on the secondary market or life settlement market.

An experienced life settlement or viatical broker will guide you through the process and make sure buyers pay you what your policy is worth. 

Please  call Settlements For Life today to discuss how we may help you sell your policy.

Settlements For Life

Enhancing The Value Of Your Life

National Life Settlement Broker Since 2003

877-588-5558

www.settlementsforlife.com

info@settlementsforlife.com

Can I Sell My Term Life Insurance Policy?

As a life settlement broker we are asked by clients if they can sell their term life insurance policies on the secondary market.  The answer is Yes.  Selling a term life insurance policy is a great idea for a policy owner who no longer needs or wants the policy and is inclined to let it lapse.  Letting the policy lapse is a bad option because there is no cash value in the policy.  All of the premiums invested in the policy are gone.  You can sell your term life insurance policy, possibly for a significant amount of cash.  The term policy must be convertible to a whole life or universal life policy.

Call Settlements For Life for more information.

Settlements For Life

Enhancing The Value Of Your Life

877-588-5558
Visit Our Website

Email us

National Life Settlement Broker Since 2003

Life Insurers Must Notify About Senior Life Settlement Option Under NCOIL Model

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 in a life settlement 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

Yes You Can Sell Your Life Insurance Policy!

A 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 life 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.




Call us today! 877.588.5558 No Obligation, No Application Fees




SETTLEMENTS FOR LIFE

ENHANCING THE VALUE OF YOUR LIFE




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National Life Settlement Broker Since 2003

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

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