How Advisors Serve Clients

It is the advisor’s role to help their clients explore all of their options, including a life settlement, when a policy is no longer needed, wanted or affordable.

Advisors serve a special purpose in counseling and managing their clients’ financial needs and options.

An advisor should review every aspect of a client’s portfolio to determine if the assets within are performing properly.

WHY LIFE SETTLEMENTS - CONSUMER ADVISORS - GETTING STARTED

If a senior determines that a life settlement is the right alternative for their particular situation, an advisor can add significant value to the transaction on behalf of their client.

An advisor’s important role in a life settlement transaction is to protect their client. In addition to representing their client’s best interests, an advisor should confer with state laws to ensure all needs are being met and laws and regulations are being followed by all parties.

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LISA resources

Often overlooked are performances of life insurance policies.

A life insurance policy is an investment like equities, fixed income or real estate, and should be reviewed from time to time to see if it still meets the needs for which it was initially purchased. There are times when an advisor or policy owner may conclude that the proceeds from the sale of a policy could be deployed in a better performing investment.

Questions to ask life settlement firms

A broker versus a provider

It is possible to engage in a life settlement through either a broker or provider. However, most settlements are conducted through a broker, who can then solicit multiple competitive bids on behalf of the insured. The advantage of working directly with a provider – which is only responsible for its own bid – is that intermediaries are eliminated from the process. The ultimate goal is to obtain the best possible settlement on the best possible terms.

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Stay Informed of Industry News

Latest Blogs

02/11/2021

Top 5 Reasons to Work with a Life Insurance Settlement Professional

There are many reasons to work with a life insurance professional and your clients may be asking for more information on the options of working…

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01/29/2021

Who Does a Life Settlement Broker Represent?

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12/09/2020

Evaluating Life Settlement Providers

Evaluating life settlement companies can be a difficult and confusing process. The process of selling an unwanted or unneeded policy is regulated in most states…

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10/15/2020

Explaining Life Settlements - What Policyholders Need to Know

Do you have a life insurance policy that you’re about to let lapse? Are you 65 years or older? 

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