Estate Planning Attorneys

For the average individual, estate planning is a complex task. To do it right, the advice of an estate planning attorney is sought. Although life insurance does not need to be a part of every person's estate plan, it can be very useful. As the life and responsibility of the policyholder changes, so does his or her need for insurance. Life Insurance Settlements, Inc. (LIS) can assist both the estate planning attorney and Senior client by leveraging its relationships with the secondary market. LIS can also provide a solid financial solution to the client’s ever-changing estate planning needs.

LIS will obtain a free appraisal of the fair market value of the client's policy and explore alternatives to lapsing or a surrendering the policy. The following are examples of where a life settlement may have been a better solution than allowing the policy lapse or surrender:

Policy Owner Applications

• Purchase long-term care insurance
• Create funds for a charitable gift
• Gift to a family member
• Fund a life insurance product that better suits current wants or needs
• Estate size changes, creating the need for larger or smaller death benefit to cover its taxes
• Fund more cost-effective coverage
• Create liquidity to invest elsewhere
• Use the funds to take a once in a lifetime vacation
• Retire debts
• Purchase a survivorship policy

Business Applications

• Key-man insurance is no longer needed after retirement
• Buy/Sell agreement is no longer needed due the sale of the company
• Purchase a minority interest in the business
• Bankruptcy creates the need for liquidity
• Retire a company debt

* Only Viatical or Life Settlement Brokers are eligible to receive any compensation or E&O coverage in the State of Louisiana & Texas.

† The purchase price obtained by viators ranges from 12-24% of the face amount of a qualified life insurance policy when submitted to Life Insurance Settlements Inc. in 2006.