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settlement agent perth - Life settlements also referred to 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.

Your life settlement is a financial transaction in which a senior citizen policy owner of an unneeded, underperforming, or unwanted life insurance plan sells the policy to some third party, as opposed to surrendering or lapsing it returning 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 beginning to market life settlements to their current client base also to potential clients. The most current effective methods 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 living settlement parameters.

A life settlement broker can assist life settlement agents with marketing material, educational material, and evaluation material. Obtaining the correct knowledge about the life settlement product and material is important for any financial planner or agent choosing 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 that may quickly determine if funds would be available for that specific individual.

settlement agency perth - Life settlements are still a new concept for the majority of agents and financial professionals. Many still don't understand the concept or hold the right education about life settlements. It's important for these professionals to accept the time to learn about life settlements to ensure that in return they can relay this information to their clients. Many policy owners don't realize 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 must take the correct marketing and education steps to reach those clients short of funds. A life settlement can make added financial benefits for the client and the financial professional.