“the two most important metrics in a life settlement are health, and policy expenses”
Additionally, it’s vital that advisors help their clients explore the tax implications of a life settlement. Although lump sum life insurance payouts can be tax-free for the beneficiaries, in some instances life settlements are not. Depending on estate planning dynamics, this could affect the viability of a life settlement.
Ultimately the more advisors educate themselves about life settlements, the better equipped they will be to assist their clients in recognizing the value of these powerful financial tools. The majority of clients are unaware of the potential value of their life insurance policy, and reaching out to them with useful information can enhance the value of the advisor in the eyes of clients.
If you are looking for more information on how to work with life settlements feel free to contact us.
For a quick estimate of a clients policy value be sure to use our online life settlement calculator.