With April 15th behind us, it’s a great time to increase your awareness of life settlements. This is the time of year that you are most likely up to date on your clients’ finances and any significant changes that may have occurred over the past year.

Many of you don’t realize that life settlements can be a great alternative to the lapse or surrender of a life insurance policy, or perhaps you are unfamiliar with life settlements and are unable to give this transaction the attention that it deserves. As a result, lots of potential cash gets missed out on.

Fresh from tax season, you are now most current on your clients’ financial pictures. It’s the perfect time to familiarize them with the various situations where a life settlement could be beneficial:

· retirement,

• cash flow issues,
• the sale or termination of a business,
• bankruptcy or an adverse change to a client’s financial situation,
• the death of a spouse or other intended beneficiary,
• divorce, and
• the loss of a job.Additionally, in 2023, the estate tax exemption is $12.92 million for individuals and, with portability, $25.84 million for married couples. As a result, clients may have a significantly reduced estate tax liability. Many have purchased life insurance policies to offset estate taxes, but now they may no longer need as much. These unneeded policies are frequently great opportunities for life settlements.

By uncovering the hidden value in unwanted or unneeded policies, you can be a hero to your clients!

To make it easy for you to both know what to say as well as to have something to send or leave behind, you can request a copy of our Life Settlement Guide for Professional Advisors. Additionally, we can supply you with a letter specifically written for you to send to your clients. Just give us a call and we’ll be glad to work with you.

Remember, the proceeds from a settlement can make a really meaningful difference in people’s lives. There is no better time than now to give this your focus.