Life Settlement Information for Financial Advisors

Life settlements provide the senior marketplace with the opportunity to tap previously unrealized value in their undesired or inadequate life insurance policies. Life settlements are a new “Arrow in the Quiver” for financial advisors serving the senior community. This asset allows the owner to address current financial planning goals now that it can be liquidated for a fair market value and redistributed. It is essential that you understand the opportunities a life settlement can provide your valued clients, whether the needs are a new life insurance policy, retirement income, charitable giving, long-term care, or simply a vacation.

Why Offer Life Settlements?

The life insurance industry is growing at a rapid pace with life settlements leading the way. Figures show that only $200 million in face value was transacted in 2001, compared to the estimated $12-15 billion in face value transacted in 2006. This evidence offers a compelling reason for advisors serving the senior marketplace to learn about the opportunities that life settlements provide them and their clients.

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Why Attorneys need to know about Life Settlements

Life Settlements are becoming increasingly popular in financial planning for people above the age of 65 who have life insurance policies. With more information about Life Settlements you will be able to help your clients take advantage of a cash value for any unwanted or unaffordable life insurance.

CPA’s and Life Settlements

It is important for a CPA to have an understanding of life settlements and their potential applications due to the growing life settlement market. This market provides a great opportunity to CPAs who serve both affluent seniors and corporate clients.

Why Charities, Non-Profits, and Educational Institutions need to know about Life Settlements

Life settlements create more opportunities to increase benefits for the donor as well as the institution. They also affect fundraising opportunities available to Non-Profits, Charities, and Educational Institutions. Such organizations typically solicit unnecessary life insurance policies as a component of a charitable gifting program. With the use of these life settlement policies, donors are able to benefit from a current tax deduction for the cash surrender value of the policy as well as ongoing deductions for any future premium payments made on behalf of the charity or institution. In addition to this, the policies provide the organizations with a potentially valuable long term asset.