Life
Settlements have become a mainstream tool used by attorneys,
cpa's and estate planners in advising clients with regard to
personal estate and financial planning and business
financial planning. Your heightened awareness of this
valuable tool will command the respect from your clients you
deserve as a well informed and practicing professional.
Secondary Market For Life Insurance
Your clients deserve the best advice possible.
Now you can advise your clients to sell a policy in a Life
Settlement transaction that could net your client
substantially more than cash surrender value calculated by
the insurance company. There is no longer a need to cash in
a life insurance policy for cash surrender value or let a
term policy lapse. Now your clients can sell their policies
to a third party (not the insurance company). Advise your
clients about a Life Settlement today!
How Do You Benefit From Advising Your Clients
About Life Settlements?
- You satisfy your fiduciary responsibility to your
clients to give the best advice possible.
- Your clients recognize your expertise and good
advice and refer more business.
Which Clients Qualify For A Life Settlement?
If you have a client who:
- at least 65 years old,
- has a life insurance policy (all types, including term) of $250,000 or
more,
- and has had a change in health since the policy was issued, your client
might qualify for a Life Settlement. A Life Settlement can produce substantial
cash from a life insurance policy that is no longer needed or wanted.
Why Would Your Client Sell A Life Insurance
Policy?
- Your client needs cash!
- Cash is needed to buy a new paid up life insurance
policy.
- Cash flow is tight and monthly premium payments are
too high.
- Cash is needed for medical care.
- Cash is needed for assisted living or a nursing
home.
- Cash is needed to fund children's education.
- Cash is needed to get out of debt.
- Cash is needed to purchase long-term care insurance.
- Cash is needed to fund your client's retirement.
- Cash is needed to fulfill your client's family
charitable giving plan.
- Cash is needed to make family gifts.
- Cash is needed to replace an underperforming life
insurance policy.
- Cash can be used to purchase other investments.
- Cash is needed to buy back stock from a business
partner.
A Life Settlement is a great way to improve upon an
estate plan or to fund a charitable giving program. In the
case of a charitable gift, your clients could get a
substantially larger tax deduction when coupled with a Life
Settlement.
Larger Tax Deduction - More cash for charity -
Benefit to the Donor:
- Get a substantially larger charitable
deduction over and above cash surrender value
for gifting a life policy to a charity.
- Tax deduction for sales vs. cash surrender value.
- Convert a generally worthless asset, such as a
policy that will soon lapse or be surrendered, into an
asset of significant value.
- Provide funds for charitable giving.
- Relieve the individual or organization of further
premium obligations.
- Provide individuals with philanthropic options.
Benefit to the Charity:
- Generate cash to bolster endowment funds.
- Create cash for capital projects.
- Receive donations from those who would not otherwise
give.
- New planned gift strategy to donors.
- Pay no more premiums on donated policies.
There are many other applications as well. Give us a
call at 877.588.5558 or
email us for more information.
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