A recent Forbes article talks about how life settlements can be an option worth considering. Here's why:
A client's life insurance policy may be the largest asset they own.
As an asset, it has value.
Life insurance settlements fulfill a fiduciary duty to clients to look at all options for their unwanted, unneeded or unaffordable life insurance policy
Life insurance settlements are becoming an integral part of mainstream financial planning.
What many fiduciaries like about life insurance settlements is that it is an inexpensive way to discover the true market value of a policy.
The best part is that it's a no-cost, no-obligation appraisal.
This is a well regulated industry.
In 2021, the Life Insurance Settlements Association Market Data Collection Survey shows that selling a policy netted clients 7.8 times more money, on average, than their current policy's cash surrender value.
There has been and continues to be a general lack of awareness.
We're here to help.
Click here for the full article: Life Settlement: An Option Worth Considering