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settlement agent perth - Life settlements also called life insurance settlements, senior settlements, or senior life settlements have become an important tool for insurance agents, financial planners, estate planners, elder law attorneys, along with 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 policy sells the policy with 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 for their current client base also to potential clients. The most current effective types of marketing life settlements are one-on-one presentations, seminars, and client newsletters. There has been success with direct mailing the client base or demographic base fitting the life span settlement parameters.

A life settlement broker can help life settlement agents with marketing material, educational material, and evaluation material. Having the correct knowledge about the life span settlement product and material is important for any financial planner or agent ending up in 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 can offer simple qualification or evaluation forms which will quickly determine if funds would be available for that specific individual.

settlement agency perth - Life settlements continue to be a new concept for the majority of agents and financial professionals. Many still don't understand the concept or hold the right education about life settlements. It is necessary for these professionals to take the time to learn about life settlements to ensure that in return they can relay these records to their clients. Many policy owners don't realize that there could be a cash settlement available for a life insurance policy that they are going to surrender or lapse. Insurance agents and financial professionals need to take the correct marketing and education steps to succeed in those clients in need of assistance. A life settlement can make added financial benefits for both the client and the financial professional.