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.
An existence settlement is a financial transaction when a senior citizen policy who owns an unneeded, underperforming, or unwanted life insurance plan sells the policy to some third party, as opposed to surrendering or lapsing it to the life insurance company. The senior policy seller receives immediate cash for your policy from the purchaser.
settlements perth - Agents and financial planners are starting to market life settlements with their current client base and to potential clients. The most current effective methods of marketing life settlements are one-on-one presentations, seminars, and client newsletters. There has also been success with direct mailing whether client base or demographic base fitting the life span settlement parameters.
A life settlement broker will help life settlement agents with marketing material, educational material, and evaluation material. Having the correct knowledge about the life span settlement product and material is important for any financial planner or agent choosing a client or potential client. Each life settlement case is checked out differently, the biggest factors would be the age of the insured, health of insured, policy size, premium amount, and current cash value (if any). Most life settlement brokers can offer simple qualification or evaluation forms that will quickly determine if funds would be available for that specific individual.
settlement agency perth - Life settlements continue to be a new concept for the majority of agents and financial professionals. Many still don't understand the concept or possess the right education about life settlements. It's important for these professionals to accept the time to learn about life settlements in order that in return they can relay these details to their clients. Many policy owners don't understand that there could be a cash settlement readily available for a life insurance policy 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 of assistance. A life settlement can make added financial benefits for both the client and the financial professional.