Life Settlements from Agent Point of View

[lifesettlementadvisor]

They have to be in bad health and not want to pay for the policy.

actually most life settlement buyers currently want healthy and old instead of very impaired.

 

[dgoldenz]

actually most life settlement buyers currently want healthy and old instead of very impaired.

No, they want preferred risk class policies from people with 8-year LE's, which it seems you have to be one foot in the grave to get an 8-year LE.

 

[tlmarketing]

actually most life settlement buyers currently want healthy and old instead of very impaired.

It's not about whether the insured is healthy or impaired, it's about their Life Expectancy...

 

[lifesettlementadvisor]

No, they want preferred risk class policies from people with 8-year LE's, which it seems you have to be one foot in the grave to get an 8-year LE.

Yes, most of the sweet spots are 8 years or less especially on 80 year old+. These are healthy seniors that fall on mortality tables at 100% ratings.

We rarely purchase extremely impaired individuals.
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It's not about whether the insured is healthy or impaired, it's about their Life Expectancy...

LE is tied to health impairment. It runs off of actuarial data more than medical data.

 

[pcbinsurance]

I sent you a PM yesterday and haven't heard back!

 

[lifesettlementadvisor]

replying now to your message.

 

[tlmarketing]

Yes, most of the sweet spots are 8 years or less especially on 80 year old+. These are healthy seniors that fall on mortality tables at 100% ratings.

The market arbitrage that previously existed is gone, making life settlements less attractive to the owners selling their policies....offers are not as exciting, if an offer is available, the whole replace a policy with a new one is gone, and the compensation to agents, brokers, etc..is not as exciting as in prior years.


We rarely purchase extremely impaired individuals.
Makes no sense - as long as not viatical, policy would be attractive to buyers


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LE is tied to health impairment. It runs off of actuarial data more than medical data.

You missed the point....It really doesn't matter what your impairment is.....what matters to purchasers of the life insurance policy is the LE report, whether it is Fasano, AVS, 21st or someone else...the most critical factor is how many months is the LE? obviously health impairments may shorten the LE.

 

[johnashmit]

In case of life settlement should I consult an attorney or should I seek a service from an agent first.

 

[tlmarketing]

You should look for a "licensed" life settlement broker. The industry website for life settlements is Life Settlement | LISA - Life Insurance Settlement Association

You can look up a licensed broker there who can help.....it's important to do this as there are a lot of wannabe life settlement experts who are not licensed and are only going to take your case to these brokers anyway.

 

[lifesettlementadvisor]

That is good advice. If you are in an unregulated state, look for a broker licensed in FL. They have the strictest guidelines for brokers to follow.