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settlement agent perth - Life settlements also referred to as life insurance settlements, senior settlements, or senior life settlements have quickly become an important tool for insurance agents, financial planners, estate planners, elder law attorneys, as well as other financial related professionals.
An existence settlement is a financial transaction where 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 citizen policy seller receives immediate cash for your policy from the purchaser.
settlements perth - Agents and financial planners are starting to market life settlements to their current client base and to potential clients. The most current effective types 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 can help life settlement agents with marketing material, educational material, and evaluation material. Obtaining the correct knowledge about living settlement product and material is essential 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 can provide simple qualification or evaluation forms that will quickly determine if a settlement would be available for that specific individual.
settlement agency perth - Life settlements remain a new concept for the majority of agents and financial professionals. Many still don't realize the concept or have the right education about life settlements. It is important for these professionals to accept time to learn about life settlements to ensure that in return they can relay these details to their clients. Many policy owners do not understand that there could be a cash settlement available for a life insurance policy that they're going to surrender or lapse. Insurance agents and financial professionals must take the correct marketing and education steps to achieve those clients in need of assistance. A life settlement can make added financial benefits for the client and the financial professional.
