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How Senior Advisors Benefit?
BENEFITS FOR THE SENIOR ADVISOR
The primary benefit to the senior advisor is the opportunity a life Insurance policy presents to their clients to liquidate an asset and bring in new cash to either help the clients immediate cash flow needs or for other planning needs they may have.
About the Process
On average, policy sellers receive anywhere from five to seven times the amount of the policy’s current cash surrender value. There are four main components determining the value of a life insurance policy:
⦁ The age and medical condition of the insured
⦁ Type of life insurance policy (e.g., universal life, whole life, term)
⦁ Amount of the death benefit
⦁ Amount of premiums necessary to keep the policy in force
The primary benefit to the senior advisor is the opportunity a life Insurance policy presents to their clients to liquidate an asset and bring in new cash to either help the clients immediate cash flow needs or for other planning needs they may have.
About the Process
On average, policy sellers receive anywhere from five to seven times the amount of the policy’s current cash surrender value. There are four main components determining the value of a life insurance policy:
⦁ The age and medical condition of the insured
⦁ Type of life insurance policy (e.g., universal life, whole life, term)
⦁ Amount of the death benefit
⦁ Amount of premiums necessary to keep the policy in force
Other benefits to you from recommending the life settlement option to appropriate clients include the following:
⦁ Enhanced relationships – you can make yourself a more deeply trusted advisor to your clients by introducing the potential value of all assets including life insurance policies.
⦁ Commissions – depending on your state regulations and business agreements you may be entitled to certain referral fees or commissions for completed life settlement transactions.
⦁ Competitive differentiation – helping your clients turn unwanted or unaffordable life insurance policies into new cash for their retirement portfolios that can differentiate you from other advisors.
⦁ Obtain new clients – by recommending a creative and safe financial option to existing clients who will be able to unlock hidden value in their life insurance policies and could generate personal referrals to new clients.
⦁ Build trust with families – serving as a trusted advisor who presents clients with a full range of supplemental retirement income options will help cement relationships with those individuals and their family members
⦁ Enhanced relationships – you can make yourself a more deeply trusted advisor to your clients by introducing the potential value of all assets including life insurance policies.
⦁ Commissions – depending on your state regulations and business agreements you may be entitled to certain referral fees or commissions for completed life settlement transactions.
⦁ Competitive differentiation – helping your clients turn unwanted or unaffordable life insurance policies into new cash for their retirement portfolios that can differentiate you from other advisors.
⦁ Obtain new clients – by recommending a creative and safe financial option to existing clients who will be able to unlock hidden value in their life insurance policies and could generate personal referrals to new clients.
⦁ Build trust with families – serving as a trusted advisor who presents clients with a full range of supplemental retirement income options will help cement relationships with those individuals and their family members
A life settlement is an important addition to an advisor’s toolbox and an option to offer a client. By assisting your client to sell their life insurance policies through a “secondary market” to institutional investors, they can benefit from their life insurance today and use that cash for their immediate needs or other future planning needs they may have.
Have questions? I’m always here for you.
Joyce Bidwell
Licensed Life Settlement Guide
BIDWELL LIFE SETTLEMENTS
505-702-3699
joyce@bidwelllifesettlements.com
bidwelllifesettlements.com
Have questions? I’m always here for you.
Joyce Bidwell
Licensed Life Settlement Guide
BIDWELL LIFE SETTLEMENTS
505-702-3699
joyce@bidwelllifesettlements.com
bidwelllifesettlements.com