Life Settlement and Viatical Settlement News

How does lifetime settlement (life settlement) work as a problem-solving tool?
The number and kind of innovative applications of the lifetime settlement concept have grown rapidly and dramatically since the concept first took shape a few years ago. Strategies focus on businesses and high net worth individuals whose current and future financial planning circumstances have made […]

Lifetime settlement is not the surrender of the policy, but a transfer of ownership. It involves the sale of your life insurance policy to a settlement funding company. As a result of the sale the funding company becomes the owner and beneficiary of the policy, assumes the obligation to pay premiums, and ultimately receives the […]

What types of senior life policies can be purchased?
Senior Life Settlements can be whole life, universal, convertible term, and 2nd to Die policies. The policy can be owned by an individual, trust, corporation or charitable organization.
Note: Polices must be at least two years old and non-contestable.
Contact us today to find out the payout value of […]

Viatical Companies either purchase secondary market (life insurance policies over two years old) through viatical brokers, or companies (Brokers) that specialize in negotiating these policies for the highest offer on behalf of the policy owner. Life Settlement Pro is an affliate Viatical and Senior Life Settlement Broker.
Viatical brokers are paid a commission for their […]

By Kathy Bushouse
Business Writer
TALLAHASSEE � A bill that changes the way Florida regulates viatical settlements — life insurance payouts in which investors buy a stake and collect when the policyholder dies — is on its way to Gov. Jeb Bush.
Under the bill legislators gave final approval to on Monday, viatical settlements will now be […]

A Life Settlement is the sale of an existing life insurance policy. The funds generated are greater than the policy’s cash surrender value. Often the original planning needs have changed so that the policy is no longer needed. Premiums may have become a burden, and the original policy owner may want to eliminate the life […]

Commission from the completed life settlement transaction.
Continued commission on the policy premiums for the writing agent.
Commission from the new policy you write your client, after they sell.
Commission generated from investment products purchased with the client’s settlement proceeds.
Commission on a conversion, if the policy was term coverage
Over-ride commissions by recruiting down-line producers in the life settlement […]

By Matthew Lubanko
Your Money columnist
Chicago Tribune
Q. I am 74 years old. I have a cash-value life insurance policy with a face value of $300,000. Because my wife and I have diligently saved for our retirement, we don’t feel we need the life insurance coverage anymore. We have asked our agent to convert the policy to […]