Connect – Show Me the Money

*** note – to meet expected publishing guidelines, we are avoiding personal pronouns and overtly pitching a product.??

Seniors Getting Tens of Thousands More Cash for Life Insurance Policies?

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For years, seniors seeking to sell their unneeded life insurance policies for cash were basically presented with an offer from a buyer who would pay more than the surrender value! Most advisors would seek quotes from just one buyer. This leads to a market where the comparison is between the surrender value and the offer.? Joe says he wants to sell his policy and he presently has a surrender value for $25,000. Joe is over the moon when he is offered $35,000 not knowing that the underlying value of that policy could be $100,000!? That’s what the eventual owner pays.? The difference between the figures - $65,000 goes to ‘costs and commissions!’?

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Today, seniors can get tens of thousands more for their life insurance policy thanks to technology that is streamlining the process while making it transparent. In the old model, buyers offered seniors as little as 5% to perhaps as much as 20% of their policy’s face value. Thanks to technology, they can now get 30% or more*. Those are significant differences in payouts. Consider 5% of a $1,000,000 policy is just $50,000. And while 20% yields a $200,000 payout even that withers compared to the 32% payout of $320,000!?

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Have Seniors Been Getting Screwed? Well, sort of...??

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Buying life insurance is a complicated and confusing process. The sale of a policy takes that complexity to whole other level that up until now, has been opaque. How much a policy holder gets from the sale of a policy is driven by several factors:?

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• Face value of the policy (amount that would be paid to beneficiaries)?
• Policy holders’ life expectancy that is calculated based on age and a health assessment an in-depth review similar to the “medical” done to take out the policy originally?
• Cost of premiums to maintain the policy in force?
• Layers of unnecessary fees and costs??

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Using?these?details,?it?is?possible?to?calculate?an investment?return?for?the?eventual?purchaser. But getting to that number in the life settlement industry has traditionally been anything but easy, as there are numerous?steps?and?fees?charged?to?arrive?at?that?magic number!?In fact, the present industry model obscures a considerable number of undeclared fees!??

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Yes, the industry benefits to some degree from a murky, manual process, but there is good news. Technology is making this simple for seniors and now seniors can receive thousands more.?

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As Easy as Facebook or Amazon??

For the Advisor the process is extremely simple and allows the senior selling their product to see and understand each step of the process. The industry believes that the process is too complicated for seniors. But basically, anyone comfortable uploading pictures of their grandkids to Facebook can save thousands of dollars in fees while receiving much higher pay outs for their life insurance. Advisors can encourage Policyholders to submit information directly to health assessment professionals with qualifying policies being seamlessly passed to regulated buyers, eliminating layers of commissions and the veil of uncertainty over who is seeing their information.? And these new technology solutions are transparent at every stage, publishing fees at the start of the process which are paid out of the proceeds only at the close of sale.??

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It’s a game-changer for the life settlement market. A simple, open and transparent approach that an advisor can support, delivering best value for both buyer AND seller.??

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To learn more, visit https://www.lifesettlementconnect.com .??