settlement agent perth - Life settlements also referred to as life insurance settlements, senior settlements, or senior life settlements have get an important tool for insurance agents, financial planners, estate planners, elder law attorneys, and other financial related professionals.
A life settlement is a financial transaction where a senior citizen policy who owns an unneeded, underperforming, or unwanted life insurance plan sells the policy to a third party, as opposed to surrendering or lapsing it to the life insurance company. The senior policy seller receives immediate cash for that policy from the purchaser.
settlements perth - Agents and financial planners are beginning to market life settlements with their current client base and to potential clients. The most current effective types of marketing life settlements are one-on-one presentations, seminars, and client newsletters. There has been success with direct mailing the client base or demographic base fitting the life span settlement parameters.
An existence settlement broker will help life settlement agents with marketing material, educational material, and evaluation material. Getting the correct knowledge about living settlement product and material is important for any financial planner or agent meeting with a client or potential client. Each life settlement case is looked over differently, the biggest factors will be the age of the insured, health of insured, policy size, premium amount, and current cash value (if any). Most life settlement brokers provides simple qualification or evaluation forms which will quickly determine if money would be available for that specific individual.
settlement agency perth - Life settlements remain a new concept for the majority of agents and financial professionals. Many still don't realize the concept or possess the right education about life settlements. It is necessary for these professionals to take the time to learn about life settlements to ensure that in return they can relay these records to their clients. Many policy owners don't understand that there could be a cash settlement designed for a life insurance policy that they are going to surrender or lapse. Insurance agents and financial professionals need to take the correct marketing and education steps to succeed in those clients in need. A life settlement can create added financial benefits for the client and the financial professional.