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Reply to Question on Comp for a Life Settlement     
Old 10-19-2016, 10:02 AM   #1
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Join Date: Oct 2016
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State: insjockey is an Insurance Agent from
Question on Comp for a Life Settlement Question on Comp for a Life Settlement
I have looked on here and did not see what I was looking for so I am asking..

I am close to getting my first life settlement done. Client had a 10yr term running out, in terrible health and could not afford to convert.

Was about to let the policy lapse.

I will get to convert the policy, about a 22K target, so that is very nice but do you typically take anything else? The buyer is saying it will be a gross offer so it is up to me what I take and the client gets the rest.

What is the norm?
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Old 10-20-2016, 06:24 AM   #2
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Join Date: Oct 2016
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State: melvillecapital is an Insurance Agent from
Question on Comp for a Life Settlement Re: Question on Comp for a Life Settlement
Hi insjockey- I am happy to give you the insight you seek. Feel free to call me at 212-380-4277 or email me directly at rstark (at) melvillecapital com .

Regards,

Rob Stark
Melville Capital
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Old 10-20-2016, 07:49 AM   #3
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Join Date: Jun 2014
Posts:22
State: jetsetter dream is an Insurance Agent from Georgia
Question on Comp for a Life Settlement Re: Question on Comp for a Life Settlement
Did you go through a settlement broker for this transaction? Also, I'm assuming you didn't disclose up front what the commission rate would be? Here is an article from 2006 to answer your question. It is a little outdated, but the fundamentals are the same. I can't post links yet, but just change the "dot" to a "." and search in a new window.

www dot glenndaily.com/wmpwrb5a.htm
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