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

Your life settlement is a financial transaction in which a senior citizen policy owner of an unneeded, underperforming, or unwanted life insurance coverage 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 the policy from the purchaser.

settlements perth - Agents and financial planners are starting to market life settlements for 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 the life span settlement parameters.

An existence settlement broker will help life settlement agents with marketing material, educational material, and evaluation material. Getting 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 over differently, the biggest factors are 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 that may quickly determine if funds would be available for that specific individual.

settlement agency perth - Life settlements continue to be a new concept for many agents and financial professionals. Many still do not understand the concept or hold the right education about life settlements. It is important for these professionals to take the time to learn about life settlements so 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 have to take the correct marketing and education steps to reach those clients in need of assistance. A life settlement can cause added financial benefits for the client and the financial professional.