Who is Settlement Masters?
We are focused on helping our clients generate cash for their unwanted life insurance policies.
About Life Settlements
The genesis of Settlement MastersTM started in 2005 when KPMG, currently a big-four accounting firm, recommended a business owner client meet with Bob Larsen because KPMG was familiar with the policy rescue analysis we perform. The business owner was the “key man” of a very successful company and it owned a $30 million insurance policy on his life. The business owner was preparing the company for sale and intended to simply surrender the policy for its current cash value of around $238,000. Bob stepped in and sought bids from the institutional trusts that acquire policies for investment purposes. The initial bid Bob received was for $3.5 million which created tremendous surprise to everyone. By the time Bob finished negotiations with the various bidding funds, the purchase price had risen to $6.5 million. The client was obviously ecstatic and KPMG received tremendous accolades for taking the initiative to create the introduction.
Bob formally established Settlement MastersTM in 2008. Today, because of our reputation and experience, we can go directly to the Institutional Buyers acquiring policies which helps to obtain the maximum settlement value for you, our client.
The Settlement MastersTM team has, collectively, in excess of 80 years of experience in the life insurance world that we make available to each and every client.
Trust companies, Attorneys, CPA’s, Insurance Agents and Financial Advisors recommend Settlement MastersTM to their clients.
Broker License and Experience
A prospective client needs to know the broker is licensed in the state in which they are doing business and in which the policyowner resides.
A prospective client should gather enough information about the Life Settlement Broker to satisfy any concern about their reputation and experience.
A prospective client needs to know the broker they deal with will allow only Institutional Funds or Entities to bid on and ultimately own their contract. Settlement Masters does not allow an individual investor to bid on or own your contract. Doing so protects the character of the sale for the client when the Institutional Funds (for example pension funds, banks and hedge funds) purchase life insurance policies as an investment.
A prospective client should need to know that the broker will complete a preliminary valuation to give them an idea of what the policy might be worth prior to getting involved in a complete transaction.
A prospective client should know that the firm they deal with does a complete and thorough Compliance Report that covers each transaction step and all the due diligence that was completed in connection with the transaction.
Did you know?
If you are 65 or older or have experienced a change in your health condition, your life insurance policy might sell for more cash than you realize!