DON'T
Sell your life insurance policy...
Unless you complete a
Certified Policy Rescue Analysis
Protect Yourself and Your Client with a Certified Analysis from The Settlement Masters
A Policy Rescue Analysis is a comprehensive report designed to give a Policyowner the information needed to compare the benefits of keeping their life insurance to the value the policy would bring in the institutional life settlement market. The report is reviewed with the Policyowner, Insured, and Beneficiaries of the policy with sign-offs obtained from all parties.
Currently, 42 states and the territory of Puerto Rico regulate life settlements. Today, eight states have adopted regulations that require an insurance company to provide written notice to senior policy owners who are facing the lapse of or are intending to surrender their insurance policy that a life settlement is an option that should be considered. A prospective client should also consider using a life settlement broker that demonstrates an excellent reputation and years of experience.
Some may wonder why anybody would want to sell their insurance policy. Generally we see four primary reasons a sale should be considered:
If you are 65 or older, have some health concerns or impairments and the insurance company that issued your policy is “A” rated or better, you may qualify for a life settlement.
Settlement Masters has created The Masters Process™ that each life settlement client is walked through. The various stages are outlined in the adjacent process wheel starting with a client or advisor identifying a settlement opportunity.
“Our client had a $10 million dollar term policy for 10 years. His premium was about to jump. The client was no longer interested in funding the policy at the increased cost and was going to let it lapse. Our client allowed us to have the contract appraised in the secondary market and we were able to negotiate an amount of $1,460,000 to the client. Prior to the appraisal the client had no expectation that the policy had any worth beyond the death benefit.”
Situations like these might make a big difference in your life and/or other peoples lives around you. Many clients have benefited from talking to us.
Grab your phone and call (877) 927-7243 to appraise your life insurance policy today. It might be worthwhile!
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