The most important factors in choosing the right company to assist you with a life settlement are personal service, professionalism and frankly who can obtain the highest cash price for your policy.
You have all seen the ads on television by companies trying to convince you they are worthy of your business. The first problem with those companies is that they are “providers”. That means that company is buying your policy and it is not in their interest to pay you more for your policy. Actually, the less the provider pays the better. So, the provider’s interest is not in line with the policy holder. The providers try and dismiss that fact with the argument that a by selling to the provider the policy holder is cutting out various intermediary costs and commissions so the amount they actually receive is fair.
While that argument sounds logical, it’s incorrect. The other option to a life settlement “provider” company is to engage a life settlement “broker” to act on your behalf. Unlike a provider, the broker’s interests are directly in line with the policy holder. It is in the broker’s best interest to professionally service the client’s needs and represent the policy holder in the marketplace to garner the highest price possible for a policy. The more the sale price the more both the broker and the policy holder receive.
In fact, how can anyone truly know the value of a policy unless it is put out in the open market for bids by a broker as opposed to being just offered to a single buyer such as a provider who wants to pay the least possible amount?
Our experience is that our company as life settlement brokers consistently provides higher payouts to our clients over the purchase prices offered by providers.
Do you have a life insurance policy your considering selling?
Let us assist you with a no obligation/no fee analysis. Call us today!
Dan A. Penning
Life Settlements Specialist
Professional Life Settlements Plus
