The new tax law passed in December positively impacts life insurance settlements in two ways:

1) There are more people who may not need their life insurance policies anymore due to the doubling of the estate tax exemption. People who bought life insurance to cover their estate taxes may now be exempt, making that life insurance policy unneeded or unwanted.

2) Life insurance settlements receive a much more favorable tax basis.

View the full article: https://www.thinkadvisor.com/2018/02/02/how-the-new-tcja-tax-law-affects-life-settlements/?slreturn=20181012191742

Great information about the benefits in the new tax law. If you know of anyone who does not need or want their life insurance policy anymore, we can help. Feel free to contact us for more information. 

I just heard about an idea how some agencies are retaining clients and introducing the idea of a life insurance settlement, if appropriate. This can work for any client, but life insurance settlements work best typically for clients age 65 or older, and for life insurance policy face amounts of $100,000 and over. 

About 6 months before a term policy expires, contact the client. 

1) Send a conversion illustration. Ask them if they would like to get a new policy or convert their current one. If yes, they would like to convert or get a new one, good for the client...and good for you. Another commission. Done.

2) If no, they do not want a new policy, or pay the conversion premium, do they want to pay the annual renewable rate? This is usually expensive, but an option. If yes, good for the client and for you. Done.

3) If no, they do not want to pay the annual renewable rate, do they know they have an option to sell their policy? They will most likely not know they can sell this "hidden asset", especially since it is a term policy. This is a great time to let them know it is possible to receive cash through a life insurance settlement. 

Submit an application for a free - no obligation appraisal to see what type of offer we receive. The only investment the client has made is a little time to fill out the application and send a copy of their policy. You retain the client and have the opportunity to reinvest the proceeds. Good for the client and for you. 

After all alternatives have been considered and the conclusion is that it is time to lapse or surrender a policy, a life settlement can offer a great value. Please feel free to contact us for a free - no obligation appraisal.

Full article and study:  https://reversemortgagedaily.com/2018/08/27/10-of-seniors-say-theyll-fund-long-term-care-with-reverse-mortgages/

In this article, M. Bryan Freeman outlines the advantages a life insurance settlement may present to clients.   What I like about it is that the article starts at the beginning, back in 1911 when selling or transferring a life insurance policy became legal....all the way to today and how stringently the industry is regulated.  Hope you find this article helpful:

https://m.nasdaq.com/article/life-insurance-innovations-include-a-valuable-out-clause-cm1063780

Very honored to have an article published in California Broker Magazine about the misunderstandings some people may have regarding life insurance settlements.  Hope this article helps show the facts about why life insurance settlements can be a good option for the 500,000 seniors a year who stop making premium payments and lapse their policies.

http://www.calbrokermag.com/more/8-myths-of-life-insurance-settlementsdebunked/

What is a life insurance policy worth? I get asked this question regularly, and for good reason. The answer is - it depends. It depends on the health of the client, the premiums to be paid into the policy, and the face amount of the policy, to name a few factors. A life insurance policy may be worth nothing...or it could be worth tens of thousands, if not hundreds of thousands of dollars. And, good news, the appraisals to find out are free and no obligation.

I thought you might be interested in the real-life examples outlined in this article:   https://www.thinkadvisor.com/2019/01/25/5-life-settlements-that-didnt-get-away/

Darwin Bayston, President and CEO of the Life Insurance Settlements Association (LISA), wrote an article with the latest trends in life insurance settlements. More and more capital is flowing into the market, and technology advancements allow for faster transactions. But, one of the trends is more direct-to-consumer marketing, bypassing financial professionals. Please do not miss out on an opportunity for you and your clients. Life insurance settlements convert an asset that is worth nothing today, because the client was going to lapse their policy, into a revenue opportunity for the client and their financial professionals. 

Here is the full article:   https://www.thinkadvisor.com/2019/01/25/5-life-settlements-that-didnt-get-away/

We are living longer.  That is great.  But, what happens if we live longer than our financial plans.  The article below, Life Settlements Answer the Call to Longevity for Seniors, demonstrates how a life insurance settlement can be a good solution.

https://insurancenewsnet.com/oarticle/life-settlements-answer-the-call-to-longevity-for-seniors#.XKZb8_ZFzIW

Yes, you can sell your life insurance policy! 500,000 seniors a year “lapse” their life insurance policies….walking away with nothing. Why? Because they don’t know they can sell their policy for a lump-sum in cash. All types of policies can be sold, including term policies…yes, even term policies.

Selling a policy is done through a life insurance settlement, which simply put, is the sale of a life insurance policy to a third party (usually an investor group) for more than any surrender value in the policy. The benefit to the client is that they receive a lump sum payment that is 3 – 5 times greater, on average, than the surrender value of the policy. 

So, now, why would anyone sell their policy? The short answer is they no longer want or need it anymore. The reason they purchased the policy 5, 10, or even 20 or 30 years ago, is no longer a concern. Some examples include a term policy that is nearing the end of the term, a client may have retired and their home is now paid off and the kids are now out on their own, sometimes people who purchased a policy for estate tax purposes no longer need it because the estate tax exemption has doubled…whatever the reason, they no longer need the coverage.

90% of surveyed seniors who have let a policy lapse would have considered selling it had they known a life insurance settlement exist. We can help. If you no longer need or want your life insurance policy, we would be honored to be of assistance.

It was a pleasure to be a guest on the Desert Living Show, introducing how a life insurance settlement can be a good solution for some seniors.  We are passionate about making sure seniors know they have an option, before they drop their life insurance policy.    Here is a brief clip:

https://vimeo.com/322876411