Ninety percent (90%) of seniors polled who allowed their life insurance to lapse would have considered a life settlement if …THEY ONLY KNEW ABOUT IT!
Seventy Nine percent (79%) of the same seniors felt their financial advisors should have informed them of the option!
Even though the life settlement industry has been around for more than 30 years many seniors are not aware of their rights to sell a policy.
In 2020 alone, retires are expected to participate in over 4 billion in life settlements which results in money going back to work for the policyholder as opposed to simply letting the policy lapse.
Even seniors who planned carefully for retirement often encounter that costs of retirement add up, forcing retirees to cut corners on everything from health care to travel to legacy expenditures like paying the college tuition of their grandchildren.
Do you have senior clients with life insurance that they no longer need, want or can’t afford? Call us today. We can help.
Dan A. Penning
Life Insurance Settlement Specialist
Professional Life Settlements Plus
