Financial Professionals - CPAs
Financial professionals and CPAs have an exceptional opportunity in the life settlement market to financially assist Senior policyholders by obtaining a more desirable alternative to surrendering a life policy or letting it lapse. Financial services professionals have a fiduciary responsibility to represent their client's interest by advising them on their best options available with respect to life settlements, and are committed to providing the highest level of service to our clientele.(*) You can assist your client by exploring all the options that exist when they are considering an exit strategy for an unwanted/unaffordable life insurance policy by implementing the following:
- Review your client's comprehensive wealth management picture and determine if their current insurance coverage compliments their financial needs. You may find that they do not have enough coverage, or more than they currently need. Whatever you discover, a life settlement may be an option if they have coverage they no longer wish to retain.
- If they wish to pursue a life settlement, take a few minutes and complete our qualifying worksheet to determine whether they have a good probability of a successful life settlement transaction.
- Work with a qualified broker. According to the NAIC Adopted Model Act definition regulating life settlements, “A life settlement broker is deemed to represent the policyowner, and owes the policyowner a fiduciary duty.”
* Only Viatical or Life Settlement Brokers are eligible to receive any compensation or E&O coverage in the State of Louisiana & Texas.
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