Win - Win Life Insurance Settlements

For a Win - Win to work the client has to win and the agent has to win, right? A Life Insurance Settlement is a Win - Win every time. The client wins because they are getting away from an expensive premium and getting fair market value for their asset, Win! The agent wins because they are now making a commission on the Life Insurance Settlement, Win! If the policy is a term policy it turns into a Win - Win - Win. The client receives more money than zero, the agent receives a commission from LIS and the conversion commission from the carrier.

The traditional reasons to sell a life insurance policy focus on the short and long-term needs of the insured. In most cases, the insured no longer needs the insurance coverage or can no longer afford it – and likely some combination of both. If the insured’s reason for owning the life insurance changes, such as following a divorce or after a spouse passes away, then a life settlement enables the insured to receive a payout on coverage which might have otherwise been surrendered. If premium costs rise and the insured can no longer afford to keep the coverage, then a life settlement can pay a lump sum for a policy which might otherwise lapse. Don't let your 65 and older client surrender or lapse a policy ever again. Have the policy appraised and sold for market value.

If you have any clients that have an unaffordable or unwanted life policy call Daxton Fryer at 866-326-5433 or e-mail me at [email protected] for a free appraisal.