Thoughts on Life Settlements

lifesettlementadvisor · 06-12-2007, 01:16 PM

As you may have guessed, I'm a life settlement advisor for a brokerage firm. I was wondering what everyones thoughts were about this industry. I spend a portion of my day prospecting agents, mainly in the South. Do any of yall have tips on how to approach an agent without sounding like a salesman?

agent007 · 06-12-2007, 02:04 PM

Hang out at the mall or have coffee or go to the gold course and wait for your potential clients to walk up and shoot the sh*t with them and just talk to them, I would assume....................lol

lifesettlementadvisor · 06-12-2007, 02:18 PM

I'm sorry for the confusion.

I do not directly work with seniors. I work with agents and financial advisors. As I'm sure you know, a life settlement is not the right choice for all life policy holders. By working with a financial pro, I know that a life settlement is the right choice for the senior policy holder.

James · 06-12-2007, 03:47 PM

This is being discussed in another thread, I think it goes like this:

NO EXPIERENCE!
NO INVESTMENT!
PART TIME!
MAKE 100 GRAND AND MORE IN THE FIRST YEAR!
DO IT AT HOME IN YOU PAJAMAS, IF IT IS TOO HOT TO IT IN THE BUFF!

Or something like that.

somarco · 06-12-2007, 04:55 PM

Bonded life settlements?

lifesettlementadvisor · 06-13-2007, 09:36 AM

Yes bonded life settlements. I also use a third party escrow to handle all the money.

agent007 · 06-20-2007, 12:30 AM

Originally Posted by lifesettlementadvisor

I'm sorry for the confusion.

I do not directly work with seniors. I work with agents and financial advisors. As I'm sure you know, a life settlement is not the right choice for all life policy holders. By working with a financial pro, I know that a life settlement is the right choice for the senior policy holder.

Opps. I just re-read your first post.

GreenSky · 06-20-2007, 10:18 AM

Originally Posted by lifesettlementadvisor

By working with a financial pro, I know that a life settlement is the right choice for the senior policy holder.

Pretty broad statement. It's the right choice for a percentage of seniors, and probably a small percentage at that.

If it fits for the majority, then the commission wouldn't be so damn high!

Rick

kingedgars · 06-20-2007, 10:22 AM

Newbie question....what does a Life Settlement Advisor do?

lifesettlementadvisor · 06-20-2007, 10:39 AM

I'm a broker. I work with agents such as yourself and help your clients sell their unwanted life policy on the secondary market.

Greensky you're right, Its not for every senior, but life settlements can be a useful tool to help the seniors that need it. From the tone of your post, it seems like you would never use a LS for any client? Why is that?