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Old 01-21-2017, 05:54 AM   #1
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Can anyone point me to some firms that are above board? I have a client that is potentially interested in some non traditional investments, life settlements being something we want to look into.

Thanks
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Old 01-21-2017, 08:20 AM   #2
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms
Originally Posted by pfg1 View Post
Can anyone point me to some firms that are above board? I have a client that is potentially interested in some non traditional investments, life settlements being something we want to look into.

Thanks

I always thought life settlements was a ghoulish way of doing business...investing in someone's death. But that's just me.

I'm sure that I've seen Coventry advertise for life settlements. They're a very familiar name in health insurance. If I were going to do it, I'd probably start there.

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Old 01-21-2017, 11:40 AM   #3
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms
Reputable and life settlement probably are mutually exclusive terms in the same way as one does not use "good" and "dental plan" in the same sentence.

That being said, perhaps these links may help.

Find a LISA Member | LISA

https://www.ovidlife.com/definitive-...ents/companies

https://abacuslifesettlements.com/


Buyer, and seller, beware

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Old 01-21-2017, 04:15 PM   #4
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms pfg1 is the thread starter for: Reputable Life Settlement Firms

Originally Posted by somarco View Post
Reputable and life settlement probably are mutually exclusive terms in the same way as one does not use "good" and "dental plan" in the same sentence.

That being said, perhaps these links may help.

Find a LISA Member | LISA

https://www.ovidlife.com/definitive-...ents/companies

https://abacuslifesettlements.com/


Buyer, and seller, beware
I agree, that is why I was asking. I explained to him how they work and told him to definitely beware. I've seen a couple of deals go south in that arena, and they didn't end well.
I almost signed up with a company 5 or 6 years ago. Some guys I knew were selling it and talking it up. Something in my gut told me to hold off. So glad I did, the scam didn't take long to get caught. The bad part... not only did the clients lose their money, everyone involved was in trouble, even the staff working for the company.

I know there are some good companies out there, just trying to learn what I can so that I can help him avoid a potential misstep...should he decide to pursue that.

Thanks for the links.
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Old 01-21-2017, 04:25 PM   #5
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms
I'd talk to welcomefunds.Com. I've talked with them a lot over the years and never did anything with them, but they seemed legitimate.
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Old 01-21-2017, 07:55 PM   #6
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somarco on Reputable Life Settlement Firms
 
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms
VALIC was a big player in the viatical (life settlement) business years ago. I don't believe they are involved any more.

Go back 10 years, maybe longer, and it was essentially unregulated. Not really insurance, not an investment. I looked at a company that focused on non-conforming viaticals. These were policies still in the contestable period (less than 2 years old). Much more risky than conforming policies but also offered higher gains in double digits.

I looked at them but never pulled the trigger. There were local agents selling them. Advertising (in big print) 18% return. The DOI couldn't touch them at the time since you did not need a license. They weren't securities either. It was like the wild west.
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Old 01-21-2017, 08:11 PM   #7
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Reputable Life Settlement Firms
I have brokers selling these: http://www.thinkadvisor.com/2016/10/...sset-you-proba

You'll have to do your research though...I don't know much about them and I'm not endorsing them.
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Old 01-26-2017, 08:19 AM   #8
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms
I had few clients ask this and I advised them to use a hedge fund that invests in these. Let the hedge fund do the research and diversify the risk. I think anyone with less than 1 million in investable assets should not consider life settlements. In chasing a higher yield, you are investing in a asset that cant be sold easily.
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Old 01-30-2017, 07:07 PM   #9
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Reputable Life Settlement Firms Re: Reputable Life Settlement Firms
Originally Posted by pfg1 View Post
Can anyone point me to some firms that are above board? I have a client that is potentially interested in some non traditional investments, life settlements being something we want to look into.

Thanks
The opportunity (and sponsors) are vastly different from years past; Many of the "bad characters" have either been regulated out or simply could not operate to the present standards.

That said, it's not advisable for individual retail investors unless they are investing into a fund. If your client is an accredited investor and has the ability to meet the minimum fund investment, there are a few platforms available. I will send you a PM with additional information.
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