Looking to Increase Assets Under Management - Explore the Life Settlement Option...

Looking to Increase Assets Under Management - Explore the Life Settlement Option...

143 BILLION OF FACE VALUE LIFE INSURANCE LAPSES EACH YEAR BY PEOPLE OVER THE AGE OF 65. IF YOU ARE NOT OFFERING THE LIFE SETTLEMENT OPTION TO THESE SENIORS, YOU NEED TO BE ASKING YOURSELF WHY.

Case Study:

Client: 73 year old male with a 10m Prudential Term policy nearing the end of the 10 year term coverage. Client options were to:

• Keep the term policy in force and pay significantly higher annual renewable term premiums for coverage.
• Convert the policy to permanent Universal life coverage and pay significantly higher premiums for coverage.
• Let the Term policy lapse for zero value. (89% of Term policies actually end up with the insured letting coverage lapse.)
• Have the policy appraised for life settlement.

Luckily the financial advisor was aware of the life settlement option and chose to have the policy appraised through LIS. After presenting the case to multiple buyers we were able to secure a 550k net offer to the policy owner. The policy owner was then able to sit down with his advisor and re-invest the proceeds into a financial product that better suited his needs.

Scenarios like this happen every day. You simply need to be on the lookout and proactively present the life settlement option to your senior clients. 

Facts and Figures to consider

*90% of seniors who lapsed a policy would have considered a life settlement had they known of this option (Insurance Studies Institute data)

*79% of clients feel advisors should inform them about a life settlement

*London Business School study concluded that American sellers of life insurance policies in the secondary market received more than 4 times the cash surrender values they would have received had they surrendered their policies to their respective life insurance companies

As a leader in the secondary market of life insurance, Life Insurance Settlements, Inc. (LIS Inc) has helped thousands of clients receive, an average of 4X more than surrender alone. If you are interested in receiving the Facts about this often overlooked and misunderstood industry, I’ll be happy to provide you with the necessary details to make an informed opinion.

Mark A. Mrky

Life Insurance Settlements Inc.

866-326-5433 x1017

954-326-9378 Cell

www.lisettlements.com