Senior Life Settlements Need Strong Carriers
When looking to obtain a Senior Life Settlement, it helps to make sure that your policy is with a strong carrier. These carriers will be instrumental in determining the size of your lump sum settlement and the particulars of the settlement. Below is a letter that was forwarded by Lincoln Financial. The strength of this company should be emulated when you are looking to receive a Senior Life Settlement.
March 30, 2009
Dear Client:
The last few weeks have brought more headlines about financial services companies, the insurance industry, and Lincoln Financial. There are very real issues in the market that are weighing on companies like ours and affecting investor sentiment and outlook. In this environment, where the speed of the news means that context is often lost, it is especially important for consumers to distinguish between two perspectives: the investor focus on stock price fluctuations, holding company debt and growth projections, and the policy-owner focus on the claims-paying abilities and surplus of the insurance subsidiaries issuing their policies. The ratings agencies, who routinely issue reports and ratings on both holding company debt and
the claims-paying abilities of the insurance subsidiaries, have recently taken ratings action on Lincoln Financial and many of our competitors designed to reflect the impact of the severe equity market declines and credit market illiquidity. In general, our insurance subsidiary financial strength ratings remain very competitive. For more information on this important topic, please see the attached ratings summary.
Let me share a few key highlights of our focus during this period: Our strength is in what we deliver, every day. We have a diverse and complementary mix of wealth protection, retirement accumulation and asset management businesses that provides balanced earnings to the corporation. We maintain industry-leading market share in many of our products and have deep relationships with distribution partners that allow us to continue to educate advisors on where their clients can find security in today’s environment. Although today’s markets can be described as unprecedented,
our products and solutions share a conservative risk management platform that has been in place for more than 100 years.
We are confident that we are responding appropriately to the current environment.
While no one can foresee the length and severity of this market cycle, we are making appropriate decisions to better position the company for both short-term challenges and long-term performance. To prudently manage capital, we have taken a number of actions, such as reducing our common share dividend, restructuring the company to be as efficient and effective as possible in this market, reducing expenses across the organization, and adding to our financial flexibility through reinsurance agreements as it makes sense to do so. And although access to capital is constrained given current market conditions, we currently have adequate internal and external resources to meet holding company obligations, including near-term debt maturities. We maintain contingent sources of liquidity should market conditions dictate.
March 30, 2009
Dear Client:
The last few weeks have brought more headlines about financial services companies, the insurance industry, and Lincoln Financial. There are very real issues in the market that are weighing on companies like ours and affecting investor sentiment and outlook. In this environment, where the speed of the news means that context is often lost, it is especially important for consumers to distinguish between two perspectives: the investor focus on stock price fluctuations, holding company debt and growth projections, and the policy-owner focus on the claims-paying abilities and surplus of the insurance subsidiaries issuing their policies. The ratings agencies, who routinely issue reports and ratings on both holding company debt and
the claims-paying abilities of the insurance subsidiaries, have recently taken ratings action on Lincoln Financial and many of our competitors designed to reflect the impact of the severe equity market declines and credit market illiquidity. In general, our insurance subsidiary financial strength ratings remain very competitive. For more information on this important topic, please see the attached ratings summary.
Let me share a few key highlights of our focus during this period: Our strength is in what we deliver, every day. We have a diverse and complementary mix of wealth protection, retirement accumulation and asset management businesses that provides balanced earnings to the corporation. We maintain industry-leading market share in many of our products and have deep relationships with distribution partners that allow us to continue to educate advisors on where their clients can find security in today’s environment. Although today’s markets can be described as unprecedented,
our products and solutions share a conservative risk management platform that has been in place for more than 100 years.
We are confident that we are responding appropriately to the current environment.
While no one can foresee the length and severity of this market cycle, we are making appropriate decisions to better position the company for both short-term challenges and long-term performance. To prudently manage capital, we have taken a number of actions, such as reducing our common share dividend, restructuring the company to be as efficient and effective as possible in this market, reducing expenses across the organization, and adding to our financial flexibility through reinsurance agreements as it makes sense to do so. And although access to capital is constrained given current market conditions, we currently have adequate internal and external resources to meet holding company obligations, including near-term debt maturities. We maintain contingent sources of liquidity should market conditions dictate.
posted by Life Settlement Pro at 5:09 PM
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