Senior Life Settlements

Senior Life Settlements Marketing

2009-09-28T13:49:00.000-07:00

I got a few emails from financial professionals looking for ways to increase the life settlement business. The key with life settlements is that you need to get your name out there and you also need to work your current book of business. Life Settlement Education is still growing and many seniors aren't educated on the product.

Here are some marketing resources:
Life Settlement Marketing
Life Settlement Leads
Life Settlement Information - A directory

Senior Life Settlements still available?

2009-08-26T13:20:00.000-07:00

Even with the tightening credit marks and less funds available, seniors are still able to sell their life insurance policies.

Large amounts of money are available to seniors right now for their existing life insurance policies. You can sell your life existing insurance policy for top dollar and never have to pay another insurance premium again. There a number of large financial institutions that want to buy your life insurance policy today! This means you get one very large cash payment and no more premiums to pay.

Seniors nationwide are enjoying the opportunity to sell their policy for a large cash sum. All states are available with top states including Arizona, New York, New Jersey, California, Florida and Texas.

Life Settlements are Gaining Popularity

2009-06-03T13:34:00.000-07:00

In the insurance world, “life settlement” transactions are a new trend gaining popularity. Virtually every insurance professional has heard about this industry in the news, online, or through other professional forums. This innovative and fast growing market has seized the attention of financial markets, insurance professionals, and senior consumers all over America.
A life settlement is a financial transaction in which a policy owner possessing an unneeded or unwanted life insurance policy sells the policy to a third party. The policy is sold for more than the cash value offered by the life insurance company but for less than its death benefit. The purchaser becomes the new beneficiary of the policy and is responsible for all subsequent premium payments

Will this be of benefit?
There are countless scenarios that might encourage a policyholder to exit a life insurance arrangement. Insurance companies mainly offer their customers two choices: lapse or surrender. A life settlement is a third option available to some. This type of transaction is a revolutionary option for a growing number of policy owners. A life insurance policy is a form of property such as a car or a house. Policy owners are free to sell and transfer ownership of their policies. Rather than continuing to pay premiums on a policy that no longer serves its original purpose, life
settlements offer payoffs that can be significantly greater than surrendering a policy. According to LISA’s recently published “Data Collection Report”, policy owners who settled (sold) their policies in 2005 received 371% more cash than the cash surrender value option. Unquestionably, life settlements offer a rational and profitable exit strategy that addresses the financial objectives of policyholders. Investors are attracted to life settlements for a number of reasons. This type of investment provides reasonable expectations of higher than market returns and is not affected by the performance of financial markets. Life Settlements is not an option for every policy owner. The usual candidate for a life settlement is age 65 or older and owns a life policy with a face amount of $250 thousand or more.

A settlement is only possible when the policy’s market value exceeds the cash surrender value. The key factors determining the market value of a policy are the death benefit, cost of premiums, and the life expectancy of the insured. The life expectancy is usually the key driver in determining the market value. In simple terms: the lower the premium and life expectancy, the higher the market value. Market value of policy = present value of death benefit – (present value of future premiums + acquisition costs)

In Summary
Life settlements are complex financial transactions and are generally conducted on behalf of clients by experienced Life Insurance Settlement companies. When representing a client, these professionals have a fiduciary duty to represent the best interests of that client.

Senior Life Settlements Need Strong Carriers

2009-04-20T17:09:00.000-07:00

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.

Senior Life Settlement Financing

2009-03-12T08:09:00.001-07:00

Finacing crunches has hit the industry, but financing and offers are still available for Senior Life Settlements.

Generally speaking, senior life settlements are an option for high-net-worth policy owners age 65 or older. Independent estimates report that among this group, 20% of policies have a market value that exceeds the cash value offered by the carrier. And while many policyowners are unfamiliar with senior life settlements until a financial professional mentions the option to them, the concept has gained attention from high-profile proponents such as Warren Buffett, former U.S. Representative Bill Gradison, and numerous media sources including The Wall Street Journal, Time Magazine, Business Week and The Economist. A growing number of experts now believe that informing clients about offering a life settlement should fall under the fiduciary duty of a financial adviser. With this being said, those established in the industry are now placing an emphasis on life settlement education for financial professionals so that they can accurately present the life settlement option to all clients who might benefit from it. Financial advisors should also look into increasing their exposure and credibility.

Case Examples:
Male Age 68 / 15 Year $500,000 Term Insurance / Amount paid to policy owner $30,000
Female Age 71 / Universal Life $500,000 / Amount paid to policy owner $50,000
Male Age 73 / Universal Life $1,000,000 / Amount paid to policy owner $100,000
Male Age 78 / Universal Life $2,000,000 / Amount paid to policy owner $440,000

Find out the value of your policy with a free Life Settlement Calculator.

Call 1-888-973-8377 to speak with a Senior Life Settlement Professional!

Life Settlement Info

2009-03-04T15:09:00.000-08:00

Are you paying too much for your life insurance policy? Have changes in your life altered the necessity for your current death benefit or premium? Are you looking to surrender your policy or is your policy in danger of lapsing? Seniors with these questions may want to look toward acquiring a Life Settlement.

Also known as a Senior Settlement, a Life Settlement is a cash payment to the owner of a life insurance policy in exchange for the assignment of the ownership of the policy. It is a new concept that provides an “exit strategy” for life insurance policies that are viewed as too expensive, poor performing, or because the policies no longer meet your needs.

Some facts about about Life Settlements:

*You may obtain a settlement with almost any type of policy: Whole life, Term, Universal or Variable, Keyman, Group, Joint Survivorship, etc. Usually clients are age 65 years or older and have a policy with a face value of at least $100,000. The policy must be at least 2 years old.

*There are NO medical exams, interviews, or tests.

*The proceeds from the settlement have no restrictions on their use. They could be used to pay off an outstanding debt, purchase a much more efficient life insurance policy, invest in an annuity to increase income, or be used for the enjoyment and relaxation that retirement should bring.

*Since multiple funders are available, the highest offer is always presented and there is no obligation to sell by going through the discovery process. All Life Settlement quotes are 100% free of charge.

With a lot of information out there regarding Life Insurance Settlements. I found a great article over at Life Settlement Info. You will enjoy the read:

Life Insurance Settlements

There is also a life settlement worksheet and life settlement calculator that can you give you an immediate estimate if you could qualify for Life Insurance Settlement.

Call the free information outline for an info kit. 1-888-823-7764

Senior Life Settlement Investments

2009-01-30T07:15:00.000-08:00

Are you looking to invest in Senior Life Settlements? Looking for another revenue stream? We will provide some detailed links about investments, returns, and companies for Senior Life Settlements.

Senior Life Settlement Investment Index - Article about a new life settlement index.

Investment in Life Insurance Policies - Nice outline for life settlement investors.

Free Life Settlement Investors Web Event - Online event for investors and potential investors.

Senior Life Settlement Investment Returns - Brief article about expected returns.

Senior Life Settlement Companies are one Best Stock

2008-12-30T13:23:00.000-08:00

In a market where the best stocks are plummeting and the market as a whole is on the downturn, the surprise of the month is that the stock of the Senior Life Settlements companies are some of the best and most secure. While they are not penny stocks, these are reasonably priced stocks that provide a very good chance of return in the coming months.

The reason is that Senior Life Settlements are being used more and more in the current economic crisis. With standard investments like mutual funds, blue chip stocks, and annuities hurting due to unstable markets and low interest rates, many investors are being forced to look at more creative ways to produce investment return. Senior Life Settlements are a great way to do this. They allow a senior to liquidate an insurance policy that is not needed anymore, or has become too cost-prohibitive. It is a very simple way to maximize your investments and income by cashing in on potential windfalls of funds, while also removing burdensome policies that are not needed.

This is why Senior Life Settlement companies have some of the Best Stock on the market right now. Their business while in some cases not growing at the moment, has not decreased due to the stagnation of the economy that is affecting so many other areas of the financial community.

To find out some good companies to Buy Stock in or to find out more about Senior Life Settlements,... Click Here>>>>

Senior Settlement Underwriting

2008-11-28T05:29:00.000-08:00

The Senior Settlement marketplace is going through some current changes. One of the largest changes is the mortality and underwriting changes. The Senior Settlement pricing model is built on 3rd party life expectancy reports (LEs). A handful of LE providers have changed their underwriting and mortality ratings. This effects pricing and offers to senior settlement policies. It also has the investment groups nervous about their current portfolios. We will keep a close watch on this and continue to post news.

Here is some articles about these changes:
Underwriting firm wants more transparency
Life Expectancy White Paper Report

Senior Life Settlements Info

2008-10-29T05:24:00.000-07:00

Life Settlement Info and Information is not that easy to find. Most of the sites have the same information, parameter list, etc..

Well lucky for us, we found Life Settlement Info!

It is packed with information articles, reviews, resources, and news. But it also integrates additional features for website visitors.

They include:
Senior Life Settlement Calculator
Matching seniors and policy holders with Life Settlement Companies
Blog that is updated weekly or less
Consultation advice
NAIC Brochure download
Senior Life Settlement Worksheet

Head over to Life Settlement Info - your senior life settlement information is waiting!

Senior Life Settlement Quote

2008-02-15T09:23:00.000-08:00

Find out the value of your Life Insurance policy, call 1-888-973-8377.

Basically a senior settlement or a senior life settlement as they are sometimes called is when a senior sells an insurance policy to an investor (known as funder or provider) for a percentage of the insurance amount. The funds can be used for any number of different purposes including everything from paying your medical bills, family vacation, to additional financial vehicles.

Do not sell your policy or accept an offer without calling 1-888-973-8377. We will get you the highest offer.

Premium Financing

2007-12-24T07:36:00.000-08:00

Most people mix senior settlements and life settlements with premium financing. They are both financial transactions that include life insurance, but should not always be linked together.

However most life insurance policies that are obtained via a premium financing method or then sold on the secondary market via a life settlement. This is not a mandatory requirement for a premium financed policy.

Premium Financing and Senior Settlement are excellent ways to capitalize on your insurability to protect and grow wealth. To be eligible to participate in either program, you must be a male, age 70 or older, or a female, age 75 or older, who is insurable by a highly rated life insurance company. In most cases the carrier most be A+ rated. These minimum ages may be lower based on an analysis of the your life expectancy (LE, from a third party source), medical records, and the outcome of a physical examination. Typically, you must be insurable for a minimum of $1 million up to a maximum of $30 million. Most companies will only finance policies in $5 million increments.

If you are interested in knowing more about the benefits of Senior Life Settlements and Premium Financing, please give us a call at 1-888-973-8377 to schedule a free consultation. We will answer your questions and provide you with all the documentation for legal and financial review so you can reach the best decision.

Also if you currently have a policy to sell, we can also assist with that. Let us work to get you the highest offer for that policy. Call 1-888-973-8377 today.

Senior Settlements and Premium Financing

2007-05-20T07:14:00.000-07:00

For Senior Settlement or Premium Financing questions or assistance, please call toll free at 1-888-973-8377.

Senior Life Settlements is a powerful financial tool especially designed to serve the needs of senior citizens, by allowing them to sell their life insurance policies for an immediate cash settlement. If you have clients that want to sell a life insurance policy there is now a product that can transform this future asset, or one only available to heirs, into a current resource that can and should be managed as part of an overall financial plan.

Premium Financing is now allowing seniors to acquire life insurance policies with little personal outlay. Each senior is looked at individually to determine contestability and amount of coverage that can be premium financed. Senior who take a premium financed usually will have the option to participate in a potential senior settlement after the 2 year con testability period is complete.

Senior Settlement Process

2007-01-30T13:51:00.000-08:00

Senior Life Settlements also known as Life Settlements, Senior Settlement, and Life Insurance Settlements all have basically the same process. Please remember that each cash is looked at individually.

Outline Of The Senior Settlements Process

- Submit our completed senior settlement application
- We verify insurance coverage and current medical information
- We create competition among 32 funding sources
- The highest offer is presented for consideration
- Funds are released from escrow once change of ownership is recorded
- The buyer pays all future premiums

As you probably know Senior Settlements can pay anywhere from 3-4 times the cash value. If you life insurance policy does not have cash value you can still receive a senior settlement. Usually anywhere from 10-35% of the face value. Call 1-888-973-8377 or get a Free Online Senior Settlement Quote.

More Senior Settlement Information:
Senior Settlement Qualify
Senior Settlement
Senior Life Settlements

Senior Settlemen Candidate

2006-10-23T08:20:00.000-07:00

Senior Settlements are a new financial planning tool for senior citizens.

The ideal candidate for senior settlements is:

* 70 years old and older
* Has a death benefit in excess of $250,000
* Owns a policy that is at least two years old, (convertible term life policies are eligible as well)
* Wants to receive fair market value for their policy, not just the cash value
* Wants to increase current cash flow
* May have a need for the newer and better plans available today

Call 1-888-973-8377 to speak with Senior Settlement Specialist today.

Senior Settlement Growth

2006-08-14T08:24:00.000-07:00

The insurance industry has always been an excellent provider of protection products, serving our population well and flourishing as a result. Now, the good news is we are living longer, sometimes outliving our need for our death protection products. For many, the option of having cash to maintain a quality of life is preferred. Senior Settlements are providing an exit strategy for unwanted or unneeded life insurance policies that can be turned into cash in hand.

With that said, the senior settlements arena or secondary market has become a very viable way for those clients who no longer have a need or beneficiary for their life insurance to convert their death benefits into a living benefit, one that they can enjoy, or more importantly, use to provide life’s necessities. Seniors settlements can usually provide a higher payout versus a cash surrender of the policy.

While senior settlements are not for everyone, they do promote the process of receiving fair market value for a life insurance policy that the policyholder wishes to sell. However, the insurance industry has been resistant to this concept.

Call 1-888-973-8377 for an evaluation or your life insurance policy and to determine if a senior settlement will benefit your financial goals.

Senior Settlements Cash

2006-07-13T11:21:00.000-07:00

Senior Settlements leading the industry

During the AIDS crisis that began in the 1980s, investors bought policies from terminally ill people who needed cash for medical care and living expenses in what came to be known as "viatical settlements." Now, "senior settlements (life settlements)" have taken their place, and the industry is booming.

Say you're a 70-year-old with a $1 million whole life policy that you don't want any more.

A senior settlement firm may offer you from 10 percent to 30 percent of the policy's face value to take over the premiums for you. That's three to four times what you'd get by simply cashing in the policy with the insurer. Also if you were going to lapse a policy that has no cash value the upside potential is unlimited. Senior settlements are unlocking value in life insurance policies.

Premium Finance Senior Life Settlements

2006-06-12T13:32:00.000-07:00

Background information about Premium Financing and Senior Settlements

The purchase of a life insurance policy and the method of financing the purchase and preservation of a life insurance policy are separate and distinct transactions from any other policy transaction, including the potential sale of a life insurance policy in the secondary life insurance market. A legitimate premium finance loan does not result in the purchase of a life insurance policy in violation of the insurable interest principle, or a life settlement transaction and accordingly must bear the characteristics and be respected as a loan. Life insurance premium finance loans are free-standing and independent loans. There must be no requirement that a premium finance loan be part of a life settlement transaction. Life insurance premium financing has served the interests of purchasers of life insurance, as well as life insurers and their agents, for more than 100 years, long before the emergence of the concept of so-called Stranger-Initiated Life Insurance ("SILI") or Stranger-Owned Life Insurance ("STOLI"), which are terms without commonly understood meanings used to describe illegitimate premium finance or life settlement transactions.

Senior Policy Settlements

2006-05-10T12:07:00.000-07:00

Senior Policy Settlements are becoming hugely popular because of the direct cash compensation that they provide. Senior citizens can use the cash to invest in a more lucrative policy, such as a long-term care policy, or use it in some business which could be more profitable. Some seniors may want the cash to just fulfill some lifelong desire. Whatever be the purpose, the cash advantage is what is driving millions of senior citizens toward Senior Policy Settlements.

Life insurance settlements have spawned a number of financial organizations specializing in settling senior insurance policies. Actually, senior life settlement is an offshoot of the industry which caters to settling policies of terminally ill patients. Senior Settlements are provided to adults who have crossed the age of 65 years. There is also a minimum limit on the policy value to be eligible for settlement. Both these qualifications differ from state to state.

Call 1-888-973-8377 for free senior settlement counseling and education.

Senior Settlement Surrender

2006-04-17T08:03:00.000-07:00

Do not surrender your life insurance policy without exploring the option of a senior settlement!

In most cases a senior settlement will provide a higher payoff than if you were to surrender your policy to life insurance company. There is never an obligation and a senior settlement analysis can be completed in just a few days. If you would like to speak with a Senior Settlement Specialist, please call 1-888-973-8377. We can also work with your Insurance agent, accountant, or financial planner to determine your invidual benefits through a Senior Settlement.

Many senior citizens often reach a financial decision that they no longer have a need for life insurance policies that they currently have in effect. Their financial situation may have changed due to a purchase of long term care, cash gifts given to others, travel, or need to reduce debt. By selling their insurance policy as opposed to letting it lapse, they possibly can receive considerably more value which helps accomplish their goals.

Senior Settlement Life

2006-03-27T07:37:00.000-08:00

A senior settlement (life settlement) is a financial transaction in which a senior citizen possessing an unneeded or unwanted life insurance policy sells the policy to a third party, as opposed to surrendering it back to the life insurance company.

Senior citizens who have the greatest chance of selling their policies generally are over 65 years of age, have a calculated life expectancy of more than two years, but less than ten years, and may have experienced a health change that has led to their insurance premiums increasing. This undesirable scenario, often coupled with increasing health care and/or nursing home care costs, makes a senior settlement an attractive option to many seniors. There are certain restrictions for their policies as well - policies must be valued at $100,000 or more, and depending on the life expectancy determination of the seller, any and all types of policies can be sold, ie; universal life, whole life, or convertible term contracts.

Speak with a Senior Settlement Advisor by calling 1-888-973-8377.

Senior Settlement Growth

2006-02-07T12:10:00.000-08:00

Senior Settlement and Senior Life Settlements are quickly becoming a popular option for lapsing or un wanted life insurance policies. There are also many seniors across the United States that are getting a new lower premium life insurance policy while receiving a lump sum payout for their old policy. There is no up front cost or medical visit requirements to find out if you are eligible for a senior settlement.

This Senior Settlement will be less than the death benefit, but more than the cash surrender value. Life Settlement Pro is your best source for converting your life insurance policy into cash today. We are here to answer your every question and to offer our wealth of industry knowledge and expertise on your individual situation. Call 1-888-973-8377 to speak with a Senior Settlement Professional.

It is time to smile!

Senior settlements - Guide to Top Senior Settlements

2006-01-07T09:51:00.000-08:00

Getting the best senior settlements means having more funds to pay off your debts and fund your retirement. A senior settlement is the process where the holder of a life insurance policy sells it to a buyer for a cash payment. The main advantage for the seller is the amount received from a senior settlement is usually higher than the cash surrender value of the life insurance policy. The buyers, private investors and life settlement companies, are interested in Universal, Whole and Term life insurance policies.

To meet the requirements for senior settlements, the insured must be at least 65 years of age, have a life expectancy of no more than 15 years and the policy must be beyond the contestability period. To find out what a senior settlement can bring you, click on the link for a free quote.

More Senior Life Settlement Information can be found at:
Life Insurance Settlement - Find Top Life Insurance Settlements
Life Settlements - Get Highest Life Settlements
Life Settlement Broker - Top Life Settlement Broker

Senior Settlement Steps

2005-12-19T13:40:00.000-08:00

The basic steps (process) invloved in a Senior Life Settlement.

Senior Settlement Application. The process begins when you have submitted an application. Please remember that an application is not a contract and that you are not obligated to accept any offers made. It allows us to collect the pertinent information to generate settlement offers on your behalf. Call 1-888-973-8377 to receive an application.

Senior Settlement Underwriting. We will determine if and how much of a settlement can be offered to you for your life insurance policy. The information we collect to generate settlements includes: policy information verification, confidential collection of medical records and tailored policy illustrations.

Policy Bidding. Once all the information has been collected we know what the market will bear in terms of a settlement. With over 20 purchasing entities under contract, we will shop your application until we maximize the settlement offer. Offers will vary dramatically from vendor to vendor. It is our job to find the needle in the haystack. Should the conveyed offers not meet our expectation of what the market will bear, we will go back to the purchasers and renegotiate to get an offer that meets that threshold.

Senior Settlement Offers. All offers are communicated and discussed with the client. In almost all cases, the highest offer is the most acceptable. However, the idiosyncrasies of the purchasers are discussed with the client.

Senior Settlement Acceptance. The client has the option to accept or reject any offers. Should the client accept an offer, the acceptance is communicated to the purchasing entity and funds are placed in escrow in the client’s name.

Senior Settlement Closing. Closing paperwork is sent to the client. This paperwork consists primarily of the Lifetime Settlement, policy ownership change forms, and beneficiary change forms. Once the insurance carrier notifies the purchasing entity in writing that contracted ownership and beneficiary changes have been made, the purchasing entity has 48 hours to release the escrowed funds to the client.

Settlement Right of Rescission. While rescission rights vary from state to state, in most cases the client has the right to reverse the transaction (at no cost) within 15 days of receipt of funds.

Senior Settlement Insurance

2005-12-08T11:18:00.000-08:00

Senoir Settlement Question
What type of life insurance policies qualify for a senior settlement?

All types of life insurance policies qualify including group and term. As long at the policy is older than 2 years. Too see if your policy qualifies for a senior settlement, we can conduct what is a called a "Senior Settlement Policy Evaluation". We evaluate your policy to see if you qualify and how much you could possibly receive. There is no charge or obligation for a senior settlement evaluation. Call 1-888-973-8377 for your free evaluation.

Senior Settlements. Why would someone want to "sell" a life insurance policy? Maybe your tired of paying for a policy you no longer need. Policies are sold for many and varying reasons. To see if your policy (senior settlement) qualifies and for more information call 1-888-973-8377.

Senior Settlement Benefits

2005-11-28T09:16:00.000-08:00

Senior Settlements are an innovative wealth and estate planning tool. With Senior Settlements, you can often exchange your life insurance policy for a cash settlement in excess of the cash surrender value of the policy.

Senior Settlement Benefits are here to assist and help you understand and maximize the value of your life insurance. Call 1-888-973-8377 for a senior settlement policy evaluation. Only by having a free policy appraisal conducted, can you understand the true value of your life insurance.

The nice thing about a senior settlement is there never a cost or obligation for an appraisal or quote. Take advantage today.

Senior Settlement Problems

2005-11-07T07:35:00.000-08:00

Senior Settlements (Senior Life Settlement) are quickly becoming a popular option for seniors who want to create an immediate lump sum payment for their life insurance policy. Senior Settlements are available to all seniors, but some insurance policies cannot be used for a senior settlement.

You cannot sell a policy that does not list you as the owner, even if you are the insured. Transferring ownership to you is usually simple. Ask your insurance company.

Some insurance policies expressly forbid senior settlements. Read your policy or check with your insurance company

A policy held for fewer than two years usually cannot be sold. However, there are exceptions. Check with the company who will handle your senoir settlement.

RTG Consultants will glady assist you with finding important information about your life insurance policy. They are a Senior Settlement Specialist Firm and will use their experience and knowledge to find out if your policy will qualify for a senior settlement. Call 1-888-973-8377 with any questions.

Senior Life Settlement Popularity

2005-10-24T14:18:00.000-07:00

Just reading recent news articles, and discussing financial options to senior groups and churches, we have noticed the immense popularity of senior life settlements. As the education continues to grow, seniors nationwide will be able to see the benefits of senior life settlements.

A Senior Life Settlement is the sale of an existing life insurance policy by an individual 65 years of age or older. It is labeled a settlement, because there is a large lump sum settlement for your policy. All things change with time, including your life insurance coverage needs. While a life insurance policy can be an important asset at one stage of your life, the same policy may have outlived its usefulness. A Senior Life Settlement lets you convert a non-performing, illiquid asset into cash or another asset that is suitable for your present stage of life.

If you would like to speak with a Senior Life Settlement Counselor or schedule a free counseling or informational meeting, please call 1-888-973-8377.

Senior Settlements

2005-10-07T05:34:00.000-07:00

Senior Settlements Provider

Senior settlements provide funds needed for long term care, a dream vacation, or other investments that produce better results. One of the most important benefit is the elimination of premiums that can make a difference in deciding which type of lifestyle you prefer.

Senior settlements are the sale of a life insurance policy to a financial institution (also known as a life settlement provider/company). The policy owner sells the policy for a discounted amount based on their current health status and the premiums required to keep the policy in force. The senior benefits by eliminating premium payments from the sale of the policy and receiving a lump sum of money that can be used that their discretion.

Do not surrender or lapse your policy without exploring the option of senior settlements.

Senior Settlement Process

2005-09-26T10:19:00.000-07:00

After returning the completed senior settlement application, your file is assigned to one of our processors. They obtain the necessary insurance and medical information and your file is reviewed by our numerous funding sources. You will not be responsible for any doctor visits or physicals.

After evaluating your file, they respond with senior life settlement offers. We then relay the highest offer to each funding source. This gives them an opportunity to increase their offers. It’s this competition and our leverage that produces the highest senoir settlement for your life insurance. You will be contacted with the results as soon as the process is completed. Please remember that there is no obligation to accept the senior settlement offer, nor are there any fees to pay at any time.

Call 1-888-973-8377 to speak with a Senior Life Settlement Specialist today.

Senior Life Settlement Candidate

2005-09-16T06:15:00.000-07:00

Senior Settlements are quickly gaining popularity and many seniors are wondering if they qualify.

The ideal candidate for senior life settlements is:

70 years old and older (65 is some cases)

Has a death benefit in excess of $250,000 ($100,000 in some cases)

Owns a policy that is at least two years old, (convertible term life policies are
eligible as well)

Wants to receive fair market value for their policy, not just the cash value

Wants to increase current cash flow

May have a need for the newer and better coverage available today

To find out if you are a candidate for a senior settlement, please call 1-888-973-8377

Senior Life Settlement LTC

2005-09-07T12:19:00.000-07:00

A Senior Life Settlement can also provide the needed cash to fund long-term care policy (LTC). A lump sum payout from a Senior Life Settlement can be used to purchase products that produce income that would pay long-term care premiums, additional coverage, etc.. These products can provide a tax-deferred build-up of the cash value, and provide the estate with a tax-free death benefit for beneficiaries. Seniors can receive anywhere form 10% to 60% of the face value of their life insurance policy.

The most important benefit being that it may well improve the quality of life for the policy holder now at this time in their life.

If you are interested in learning more about a Senior Life Settlements, please call 1-888-973-8377.

Senior Settlement

2005-08-30T11:19:00.000-07:00

Another type of settlement transaction, often called a “senior settlement,” is the sale of a life insurance policy to a third party, where the insured individual does NOT have a known life-threatening or terminal illness or condition. In these cases the policy owner also receives cash for the policy which is greater than the cash surrender value or lapse value.

There has been a growing market for senior settlements and the purchase and sale of policies that do not meet the traditional definition of a viatical settlement. Typically these transactions involve life insurance policies of a large face amount (often $250,000 or more), or involve “key-person” coverage or corporate owned life insurance or policies representing excess coverage that is no longer needed. These senior settlements are generally not regulated by most states’ viatical laws, therefore the limited licensing and disclosure requirements of viatical transactions would not apply.

Senior Settlement Insurance Types

2005-08-24T09:52:00.000-07:00

A senior settlement can be available on the following types of life insurance policies.

- Whole life insurance: You may be able to cash in your whole life policy for its net cash surrender value, which is equal to the savings in your policy plus any dividends and interest, minus any loans, loan interest, and surrender fees. Ask your insurance company what your surrender value is, and compare it to any senior settlement you're offered.
- Term Life insurance
- Universal life insurance
- Individual policies insurance
- Group policies insurance
- Corporate policies insurance
- Policies held in an irrevocable life insurance trust

Some settlement restrictions might apply, call 1-888-973-8377 to speak with a senior settlement counselor.

Senior Settlement Insurance

2005-08-17T12:30:00.000-07:00

Senior Settlement Insurance Qualifying Information

Whether you qualify for a senior settlement or not depends on the type of life insurance, the age and health of the insured and the amount of premiums needed every year. Most types of individual life insurance are accepted into a senior settlement. These include term, whole life, universal and survivorship coverage. The amount of life insurance in-force must be above 100 thousand dollars, and the coverage needs to have been in-force for at least 2 years.

When should a senoir settlement be considered?

2005-08-17T12:27:00.000-07:00

When you should consider a Senior Settlement

- When life insurance premiums become too expensive to continue
- When re-evaluating your estate planning
- When a key man of an organization retires
- When there is a change in your health condition
- When the policy may be approaching a lapse
- When considering purchasing new insurance coverage, such as Long Term Care coverage

The Secondary Market for Senior Settlement Transactions

2005-08-17T12:22:00.000-07:00

The Senior Life Settlement Industry provides a unique financial service to policyholders to use their life insurance policy as a liquid financial asset. A Senior Settlement involves the sale or transference of an existing life insurance policy in exchange for compensation, monetary or otherwise. It is an invaluable service for those in need of financial assistance or a timely alternative for senior individuals re-assessing their estate planning situation.

A Guide for a Successful Senior Settlement

2005-08-17T12:20:00.000-07:00

A Senior Settlement will be less than the death benefit, but more than the cash surrender value (Up to 6-8 times). A senior settlement is your best method for converting your life insurance policy into cash today. Each individual senior settlement is different and the payout will depend on a few different circumstances.

More information about senior settlements will be posted..

Life Settlement

2005-08-17T07:42:00.000-07:00

A life settlement is a financial transaction in which a senior citizen possessing an unneeded or unwanted life insurance policy sells the policy to a third party, as opposed to surrendering it back to the life insurance company. The seller receives immediate cash for the policy from the purchaser. The entity purchasing their policy becomes the new beneficiary of the policy at maturation and is responsible for all premium payments from the time of the purchase until the seller passes away.

Generally speaking, many policy owners who are the sellers in life settlement transactions are unfamiliar with this option until a financial professional mentions the option to them. This particular type of transaction has not yet become a mainstream financial product like stock and bond transactions, though in the past few years the positive industry growth and attention from high-profile proponents such as Warren Buffett, former U.S. Representative Bill Gradison, and The Wall Street Journal has created much interest in the industry.

A recent overview of the life settlements market can be found in the 2005 Industry Outlook compiled by major industry firm Maple Life Financial. A survey found on page 4 of this publication found that almost half of all responding advisors had senior clients who had surrendered a life insurance policy for the cash surrender value (in the case of a term life policy, the surrender value is $0) when many of these clients could potentially have qualified for a life settlement. Many are beginning to speculate that offering life settlements should fall under the fiduciary duty of a financial advisor.