Life Settlements and Long Term Care Expenses
By: Dan A. Penning Life Settlement Specialist Are you or someone you know incurring significant out pocket costs for long term care expenses that are either uncovered by a long-term care insurance policy or in excess of the coverage? Does it all seem overwhelming and it’s keeping you up at night? One solution to […]
The Benefit of a Life Settlement Auction
In my last blog I detailed the benefits of using a life settlement broker as opposed to dealing with a direct buyer like the nationally advertised firms. The main benefit I identified was that brokers work for the policy owner and that often results in maximizing the life settlement value of a policy as […]
Life Settlements-Broker vs Direct Buyer?
Three Myths Direct Buyers Want you to Believe. Life settlement brokers represent the policy owner in the transaction and have a duty to act in the best interest of a client. The broker’s and client’s goals are aligned, particularly the goal to sell the policy for the highest price possible. A single life settlement […]
Why Financial Advisors Avoid Recommending Life Settlements to Their Clients
By: Dan A. Penning Life Settlements Specialist A life insurance policy is a personal asset like a car. A life policy can be sold like any other asset. A life settlement is a process whereby a policy owner sells the insurance policy to a third party for an amount more than the cash […]
Life Settlements-Back to Basics
The concept of Life Settlements is over 100 years old. It began with the U.S. Supreme Court’s decision in the case of Grigsby vs Russell where the court ruled that life insurance was like any other personal property and could be sold to a third party. There are two key variables that determine whether an […]
Client Profile-Premium Payments No Longer Affordable
Meet Connie. Connie is a retired teacher at age 69. Connie was divorced 24 years ago and became a single parent with three minor children at the time. She purchased a life insurance policy with a death benefit of 500,000.00 to protect her children. Connie’s children are all grown and supporting themselves. Connie’s large […]