A Life Settlement - From Wikipedia - " ... a financial transaction in which a life insurance policy owner possessing an unneeded or unwanted life insurance policy sells the policy ... to a third party ... The purchaser becomes the new beneficiary of the policy ... is responsible for all subsequent premium payments. ... the concept has gained attention from high-profile proponents ... experts now believe that informing clients about offering life settlements should fall under the fiduciary duty of a financial adviser. " *
July 2010 - HUDSON, Ohio--(BUSINESS WIRE)-- The U.S. Government Accountability Office recently issued a long anticipated report on the state of the emerging Life Settlement market. One of the key findings, based on analysis of over 1,000 life settlement transactions, was that seniors selling their policies in a life settlement transaction received almost 8 times as much money as they would have had they surrendered the policy to the insurance company.Read more
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LIFE SETTLEMENT EXAMPLES* Age/Sex: 78/Female Policy Type: Universal Life Face Amount: $3,000,000 Cash Value: $18,000 Life Settlement Immediate Cash Offer: $597,000.
Age/Sex: 75/Male Policy Type: Key-Man Term Face Amount: $5,000,000 Cash Value: $0 Life Settlement Immediate Cash Offer: $900,000.
WSJ 2007 Lively Market In 'Death Bonds' Ever Diversifying Its Bets, Wall Street Is Investing in Life-Insurance Policies Some of the world's largest insurers and investment banks are selling bonds linked to life insurance and the immense cash flows associated with it."
PRNewswire/ Estate Tax Repeal Would Give the Super-Rich a Second, Less Obvious, Multimillion Dollar Windfall -- More News
From The New York Times - Late in Life, Finding a Bonanza in Life Insurance. Trading in life insurance policies held by wealthy seniors has quietly become a big business.
From The ROBB Report - Worth Magazine - YOUR HIDDEN ASSET. "Those who take the time to understand it may find it has the potential to add millions of dollars to their net worth."
RECEIVE PROFESSIONAL ASSISTANCE
Premium Financing - qualified high-net-worth seniors can substantially increase their wealth by properly utilizing established programs that can finance life insurance premiums with little or no out-of-pocket costs and without the need to liquidate high-yielding assets. A new opportunity and solution for estate and wealth transference planning. EMAIL: info@LifeSettlementOfAmerica.com
Evaluate Your Life
Your Insurable Net Worth - A Hidden Asset -Refers to the maximum allowable amount of life insurance for which an individual is eligible. A standard benchmark is that a U.S. person aged 65 or older is eligible for life insurance in an amount approximating his or her total net worth minus any current life insurance in force. E.g. If an individual has a present net worth of $5 million and has Life Insurance in effect of $500,000 their Insurable Net Worth is approximately $4,500,000. Insurable Net Worth can be a substantial untapped HIDDEN ASSET that most are not fully aware of.Send a form for a free evaluation.
*Examples are solely intended to demonstrate the potential outcome and are not an indication of future, past, or present results and do not include provisions for taxes. This information is for educational purposes only and does not constitute an application, advertisement or offer to sell and is not intended as legal, appraisal, accounting, financial, insurance or tax advice. **Products and features are not available in all states and may be changed at any time. Everyone should consult with their own professional advisors prior to entering into any transaction. By accessing our site you agree to the terms and conditions. Contact info@LifeSettlementOfAmerica.com