Policies Proving to Be Profitable for Clients and Advisors

2020 has been an especially challenging year for financial advisors, as they scramble to help their clients recover from the pandemic and plan for the unprecedented future. Clients turn to their financial planners for options as investment portfolios have been negatively impacted.

Accounts that are usually relied on for funds in crisis are no longer a viable option. That is why advisors seek the alternative and turn to their clients’ life insurance policies for cash.

Is a Life Settlement a Good Option for You?

Advisors have a financial obligation to their clients. They must do what is in their clients’ best interest, which means considering policies when reviewing portfolios. Advisors should be looking through their books of business to see which of their clients can benefit from selling their life insurance policies, otherwise known as a life settlement.

Regardless of the status of a life insurance policy, advisors should be giving clients the option to sell. Seniors with permanent, whole, and term policies can take advantage of a life settlement. Yes, even term policies! They can be converted into permanent policies.

Considering one’s financial situation is essential. A life settlement is a way to get a lump sum of money to the client and benefit the advisor. Is the policy at risk of lapsing? Is the client over paying in premiums? Is their policy convertible from a term to a permanent policy? In these circumstances, selling their policy is much more beneficial than holding onto an unwanted policy or letting the paid premiums go to waste.

Sell Your Life Insurance Policy For Cash

A life settlement is a feasible and profitable solution. Advisors can get the policy appraised by broker-dealers to discover the value and share more possibilities with their clients. Cash is vital to their retirement funding and living expenses as the nation moves forward.

Life Settlements Inc. proudly partners with financial advisors to get their clients the best outcome possible. We appraise policies, offer expert guidance, and educate financial planners about the settlement industry. Let our professional brokers help you and your clients sell unwanted policies. Now is the perfect time.

Rob HaynieDecember 28, 2020

Rob Haynie

Mr. Haynie has been a major influence on the evolution of the life settlement industry during his almost twenty-seven year career of proactive involvement. Not only has he been directly involved in negotiating and settling several thousand contracts, he also presently serves on the board of directors of the Life Insurance Settlement Association (LISA) and is a charter member of the Association’s PPC committee, which is charged with the regulatory and legislative activities of the industry. Additionally, he has served on both the Customer Advisory Board (CAB) of ITM/TwentyFirst Services and the Advisory Board of the Insurance Studies Institute (ISI). He was named one of the top 10 most influential people in the life settlement industry worldwide. Mr. Haynie, an Alumnus of Florida State University, currently holds a Life Agent License with Viatical Settlement Broker Appointment for LIS and has spoken at almost every life settlement industry meeting or conference, published articles on the subject and has given many educational webinars as well.

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