Life expectancy is a crucial factor in many aspects of life, such as retirement planning, life insurance, and health care. But it is also a huge component when selling your life insurance policy! However, estimating how long someone will live is not an easy task, as it depends on various factors, such as medical history, lifestyle, genetics, and environmental conditions. In this episode, Mark Mrky and Rob Haynie chat with Vincent Granieri, CEO and Managing Member at Predictive Resources, LLC, to explore the potential of life settlements and how estimating your life expectancy plays an importan ..read more

Issue No. 134, April 4, 2024 Will Your Clients’ Life Insurance Expire Before They Do? Is it a regular part of your practice to review your clients’ life insurance policies or offer a review to potential clients? Whether the review shows a need for more, less or the same amount of insurance, policy reviews represent an outstanding opportunity for you to get in front of your clients to perform a valuable service. Perhaps the most important part of the review should be to see if the policies are performing as expected. With lower interest rates, it is quite likely that many are not working ..read more

Issue No. 133, January 31 7, 2024 Are Your Clients Bypassing You? Commercials and ads for life settlements directly aimed at policy owners, at your clients, are becoming increasingly more common. Unfortunately, without your valued advice and that of an experienced life settlement broker, your clients could very well be making a poor decision, as well as failing to get the maximum value for their policy. Selling a policy is a critical and an irrevocable decision. Yes, a life settlement is a creative way to find hidden value in a life insurance policy, but life settlement buyers aim ..read more

When it comes to financial planning, particularly for our senior years, understanding and utilizing the assets we have is crucial. One such asset that often goes overlooked is a life insurance policy. At Life Insurance Settlements Inc., we specialize in transforming this underappreciated asset into tangible financial freedom through what’s known as a life settlement. One question we often hear is, “How long does a life settlement take?” In this article, we will guide you through the timeline of the process and what to expect every step of the way. If you are ready to start the process yourself ..read more

Retirement should be a time of peace and enjoyment, a reward for decades of hard work and dedication. However, the golden years can often bring unforeseen financial emergencies that threaten this serenity. From skyrocketing medical bills to sudden, necessary home repairs, these unexpected expenses can drain savings rapidly, leaving retirees searching for solutions. At Life Insurance Settlements Inc., we understand these challenges and offer a beacon of hope through life insurance settlements. Thinking about cashing out your life insurance policy? Contact us to discover how your policy can be a ..read more

In today’s financial landscape, life settlements have emerged as a viable solution for seniors facing various financial challenges. Whether it’s funding medical care, maybe purchasing an annuity, covering unexpected expenses, or simply seeking extra retirement funds, life settlements offer a way to alleviate financial burdens. However, misconceptions about life settlements often lead to doubt and confusion. In this comprehensive guide, we will debunk common myths surrounding life settlements, providing clarity and empowering seniors to make informed decisions about their financial future. Fir ..read more

In retirement planning, it is important to recognize that financial behavioral errors can greatly affect one’s retirement funds. These errors can stem from various psychological factors and can have long-lasting consequences if not addressed properly. One of the main reasons why financial behavioral errors can have such a significant impact on retirement funds is due to the concept of compounding interest. This is the idea that small changes or mistakes made early on in the retirement planning process can compound over time and result in a much larger loss of funds in the long run. Therefore ..read more

Issue No. 132, November 15, 2023 The 2 Best Life Settlement Opportunities Are the 2 Most Overlooked Ones We are often asked what makes the best life settlement case – what should I be looking for? The answer is simple: look for policies on seniors that are going tobe lapsed or surrendered. At that point, exploring the life settlement option should be mandatory. The two types of policies that get the most interest from buyers are: (1) Term policies that are reaching the end of the conversion period and (2) Guaranteed Universal Life or Guaranteed Second to Die Universal Life, even if the insur ..read more

Issue No. 130, June 27, 2023 Life Settlements: Letters of Competency A letter of competency regarding the insured and the policy-owner seller (if not the insured) is a standard requirement for a life settlement transaction; however, many producers and their clients are unfamiliar with them. Here’s a brief summary of how they work and why they are used. First, what is a letter of competency? While specific forms vary, it is a statement from a physician certifying that a person (usually, but not always, a senior) is capable of making their own rational and informed decisions about their heal ..read more

Issue No. 123, June 7, 2022 2021 Life Settlement Numbers Reveal a Thriving Industry The Life Insurance Settlement Association (LISA) recently released 2021 industry data compiled from its provider members, who represent about 95% of the entire industry. The numbers show a healthy and growing industry that has supplied, over the years, billions of dollars to policy owners in excess of what they would have received had they lapsed or surrendered their policy. Are your clients benefitting from the secondary market for their policies??? In 2021, more than 3,000 life settlements were transacted ..read more