In today's environment, Life Settlements are much more difficult than in the past. The lack of funding available, the over liberal life expectancy numbers and the overall process of what can and can't be done literally changes daily. Give Rocky Mountain Insurance Network a quick call today and we'll help you determine if you have a potential life settlement case or not. Call us at (800) 846-3997.
|
|
- What is a Life
Settlement?
- When is a Life Settlement Appropriate?
- Who is eligible for a LIfe Settlement?
Get
the answers to these questions now. Click Here
|
Fundamentals
of Life Settlements
 Turning Fiduciary Duty Into
Opportunity
- Review your client base for potential
life settlement candidates.
- Network with CPA's & Attorneys -
make them aware of this market.
- Submit candidates for quick
review and quotes.
View a client powerpoint presentation
|
|
 Getting Started
- Call us at Rocky Mountain Insurance Network to disucss your potential life settlement.
- RMIN HIPPA form (required)
- Also, we'll need an inforce
illustration showing premiums to age 100.
- If you have the current policy,
that would be very helpful.
Call us at (800) 846-3997 if you have any questions on
the forms needed.
|
|
Sample Life Settlement cases:
|
|
|
|
|
|
|
Sex
|
Male
|
Male
|
Female
|
|
Age
|
79
|
72
|
76
|
|
Policy Type
|
Universal
|
Term (convertible)
|
Survivorship
|
|
Life Face Amount
|
$3,400,000
|
$500,000
|
$2,000,000
|
|
Cash Value
|
$180,000
|
$0
|
$290,000
|
|
Life Settlement Net to Client
|
$820,000
|
$75,000
|
$400,000
|
|
|
|
|
|
|
Producer Compensation
|
$95,000
|
$25,000
|
$50,000
|
|
|
|
|
|
|
Life
Settlement - Sales Idea #1
 Many producers provide
clients with investment managment services as well as insurance
consultation. An appropriate life settlement (where the insurance is no
longer needed or wanted) for a client can produce significant assets
available for investment management. As illustrated in the sample
case above, a client can surrender a $3,400,000 policy for the CSV
of $180,000 or apply for a life settlement and potentially receive over
$800,000 in net proceeds - all of which can be invested with the
guidance of a qualified investment advisor.
|
Life
Settlement - Sales Idea #2
 Many life settlement
cases provide significant new premium dollars to acquire additional
insurance. Often, the current insurance policy is structured improperly
or provides too much coverage to meet the initial purpose. By
performing a life settlement instead of a surrender, much greater
premium dollars are created to provide other insurance policies with a
different structure or purpose.
|
|
|
We're only a phone call away
at (800) 846-3997. Let us help you with your
next Life Settlement opportunity.
|
|
