Life Settlement Article
October 27, 2005 by Administrator

A good read about selling your life insurance policy can be found at: Wanted: Your Life Insurance

This articls dicusses methods about selling your life insurance policy and what to expect. I feel it sheds a little bit of negativity on the life settlement industry, and does not tell both sides of the story. Here are some replys to that article.

Nickname: John
Review: The Deloitte report is fiction. It is based on information culled from The NYS Dept of Insurance annual reports. The major flaw is that NYS does not require or identify Life Settlement reporting. Bad information makes for bad reporting.
Date reviewed: Oct 26, 2005 5:23 PM

Nickname: EL
Review: This article really undercuts and understates the potential of the advanced life sales market. To reap benefits, clients should be older and have health issues creating a life expectancy of, typically, less than 12 years. I have assisted clients in selling their old UL and obtaining new UL coverage for the same death benefit at a savings of $10,000+ annually when the money from the sale of the old policy is used to reduce the premium on the new. This is a great advanced sales and estate planning tool for people of substantial means who have not outlived their need for life insurance.
Date reviewed: Oct 26, 2005 1:50 AM

Nickname: Insure.com
Review: The life settlement market is brand new. Being able to sell an unwanted and unneeded life policy for 20% of its death benefit value can be a great deal for someobody who does not want and cannot afford high premiums any longer. Robert Bland, CEO, Insure.com
Date reviewed: Oct 25, 2005 12:46 PM

Nickname: Mjhorbal
Review: Unfortunately, the study done by Deloitte is severely lacking and John Skar has an agenda with his comments. The reality of the settlement market is that most people want to keep their policy. With advances in medicine and aggressive underwriting, it is possible to obtain better offers these days, obtaining a new policy at comparable rates to the old policy. When the agent is able to do that, selling the old policy is a no brainer. Michael J Horbal, President LifeInsuranceAdvisors.com
Date reviewed: Oct 24, 2005 11:10 AM

Life Settlement Needs
October 24, 2005 by Administrator

When your needs have changed, a life settlement might be a great option.

Those who have closed a business, divorced, or paid off a mortgage, may still be paying for life insurance they no longer need. As a bonus, consumers may get a significant payment from the insurer when they cancel. Surprisingly, some polices are worth more than their cash value when cancelled through a life settlement company.

Life Settlement Pro can assist throughout the Life Settlement Process, fill out our FREE Online Quote or call 1-888-973-8377.

iPipeline and Life Insurance Settlements, Inc. (LIS) Sign Agreement to Electronically Distribute Forms
October 24, 2005 by Administrator

EXTON, Pa., Oct. 14 /PRNewswire/ — iPipeline is pleased to announce Life Insurance Settlements, Inc. (LIS) will be syndicating their life settlement forms through iPipeline’s content distribution services. Using iPipeline’s content repository, LIS now makes it quicker and easier for general agents to offer their writing agents the ability to submit policies for a non-binding appraisal of their client’s life insurance policy.

Rob Haynie, Life Insurance Settlement’s Senior Vice President and Chief Marketing Officer, said, “iPipeline enables us to reach life insurance distributors and their agents through their vast network of subscribers. Our experience and their distribution will help our partners build a significant profit center.”

Larry Berran, President and CEO of iPipeline, commented, “As the Life Settlements market continues to grow, we are pleased that we can meet our customers’ demands to offer Life Insurance Settlement’s forms on participating general agent websites. This is a new segment for iPipeline and one we are confident that subscribers will find to be a benefit.”

Source: PRNewswire

Life Settlement and Viatical Settlement Taxes
October 15, 2005 by Administrator

We have received many questions regarding the taxation of your life insurance settlement.

We recommend you speak to a professional tax advisor regarding this issue. Typically, any amount you receive in excess of the cash surrender value would receive preferential tax treatment as capital gains. Viatical Settlements, the prototype from which Life Settlements were developed, are tax-exempt.

We however, would be glad to discusss and explain the settlement process to your personal tax advisor or accountant. Contact us with any concerns.

Viatical Settlement and Life Settement Difference
October 13, 2005 by Administrator

A Viatical Settlement is a little bit different from a Life Settlement. I put together a brief description about the two settlement types.

A life settlement refers to the sale of a policy of a non-terminally ill insured, typically a senior citizen, while a viatical settlement refers to the sale of a policy where the insured is living with a life-shortening terminal illness. Life Settlement Pro has numerous years of experience in both viatical and life settlement funding.

Call 1-888-973-8377 to speak with a Life Settlement Professional today.

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