Many providers and brokers will inform life insurance agents and professionals that with life settlements they are offering a tremendously consumer beneficial product and also creating the opportunity for a large commission on the settlement.
For most Life Agents, Life settlements can offer you another tool to help your clients properly manage their wealth. Once you determine that a life policy no longer fits your client’s current or future needs, you can offer a valuable service by facilitating a conversion of that life policy into cash. By cash we mean a considerable amount over the current cash surrender value (CSV). With the cash they earn from a life settlement, clients may reinvest in such products as fixed or variable annuities, long term care insurance, stocks, bonds, or mutual funds. Other investment tactics may used to secure assets depending on the current market condition. Should the insured see fit, clients may also purchase a new life insurance policy with better or more affordable terms that may be better in the long run. Clients tend to prefer this approach when the premiums become reduced. So the above products that can be combined with a life settlement offer even additional commission and revenue streams.
Currently all types of life insurance will be considered. The following categories, however, will take priority. A second to die policy where one of the insureds is already deceased. A key-man corporate life insurance policy from a company who make be looking to create assets and distribute cash. A term policy that is convertible into a universal life policy for any insureds over the age of 70. Commission to the agent representing the client in the settlement is usually in the 1-3% range of the face value. Please check with your broker or funder for the exact commission structure.
Call 1-888-973-8377 today and start earning large life settlement commissions.
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