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settlement agent perth - Life settlements also called life insurance settlements, senior settlements, or senior life settlements have quickly become an important tool for insurance agents, financial planners, estate planners, elder law attorneys, as well as other financial related professionals.

A life settlement is a financial transaction where a senior citizen policy who owns an unneeded, underperforming, or unwanted life insurance plan sells the policy to a third party, as opposed to surrendering or lapsing it back to the life insurance company. The senior citizen policy seller receives immediate cash for your policy from the purchaser.

settlements perth - Agents and financial planners are beginning to market life settlements to their current client base and also to potential clients. The most current effective methods of marketing life settlements are one-on-one presentations, seminars, and client newsletters. There has also been success with direct mailing whether client base or demographic base fitting living settlement parameters.

An existence settlement broker will help life settlement agents with marketing material, educational material, and evaluation material. Obtaining the correct knowledge about the life settlement product and material is important for any financial planner or agent choosing a client or potential client. Each life settlement case is looked at differently, the biggest factors will be the age of the insured, health of insured, policy size, premium amount, and current cash value (if any). Most life settlement brokers provides simple qualification or evaluation forms which will quickly determine if a settlement would be available for that specific individual.

settlement agency perth - Life settlements remain a new concept for many agents and financial professionals. Many still don't understand the concept or hold the right education about life settlements. It is important for these professionals to accept time to learn about life settlements so that in return they can relay these details to their clients. Many policy owners don't realize that there could be a cash settlement available for a life insurance policy they are going to surrender or lapse. Insurance agents and financial professionals have to take the correct marketing and education steps to succeed in those clients short of funds. A life settlement can cause added financial benefits for both the client and the financial professional.

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