settlement agent perth - Life settlements also known as life insurance settlements, senior settlements, or senior life settlements have become an important tool for insurance agents, financial planners, estate planners, elder law attorneys, as well as other financial related professionals.
A life settlement is a financial transaction in which a senior citizen policy owner of an unneeded, underperforming, or unwanted life insurance coverage sells the policy to some third party, as opposed to surrendering or lapsing it back to the life insurance company. The senior policy seller receives immediate cash for your policy from the purchaser.
settlements perth - Agents and financial planners start 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 the client base or demographic base fitting the life span settlement parameters.
Your 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 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 can provide simple qualification or evaluation forms which will quickly determine if money would be available for that specific individual.
settlement agency perth - Life settlements continue to be a new concept for most agents and financial professionals. Many still don't understand the concept or possess the right education about life settlements. It is necessary for these professionals to accept the time to learn about life settlements in order that in return they can relay these records 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 have to take the correct marketing and education steps to reach those clients in need of assistance. A life settlement can cause added financial benefits for both the client and the financial professional.