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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, along  with other financial related professionals.

A life settlement is a financial transaction in which a senior citizen policy who owns an unneeded, underperforming, or unwanted life insurance coverage 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 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 the client base or demographic base fitting the life settlement  parameters.

A life settlement broker will 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 very important for any  financial planner or agent choosing a client or potential client. Each life settlement case is looked over differently, the biggest factors would 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 a settlement would be available for that specific individual.

settlement agency perth - Life settlements are still a new concept for most agents and financial professionals. Many still don't understand the concept or have the right education about life settlements. It's important for these professionals to accept the time to learn about life settlements in order that in return they can relay this information to their clients. Many policy owners do not understand 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 short of funds. A life settlement can cause added financial benefits for the client and the financial professional.