Higher Client Offers and More Commission For You

If you are trying to sell your house, would you only tell one person? Of course not. That person would lowball an offer, because they have no competition. Or, may not be interested in buying the house at all. If you are trying to sell your house, you would want as many people to know about it as possible, perhaps using an agent to help spread the word and market the house, leading to competition and higher offers.

The same is true for your client's life insurance policy. If it is no longer wanted or needed, why go to just one buyer? Even if that buyer says they have multiple funds, it is still one buyer. Brokers, like us, have access to many different buyers, allowing us to place more clients' policies and receive higher client offers by leveraging buyers and driving competition. Maximizing value for clients also translates into more commission for you. Current example:

A client with a $3,000,000 convertible term policy. Term was ending and the client was not going to convert the policy, letting it go for nothing. The opening offer for his policy - $30,000. Closing offer - $200,000. Besides helping a client receive more money, the commission for his insurance agent on $200,000 is substantially higher than commission on $30,000.

If you already have a relationship with a buyer, send us the policy at the same time and see who gives you the better offer. If you do not have a partner for life settlements, we're here to help.