According To Company President, “Small Face and Term Policy Bail Out Programs Are Working Well For Clients.”
Memphis,TN (RushPRnews)10/10/08— Settlements For Life, LLC (www.settlementsforlife.com), one of the oldest and most experienced Life Settlement (www.settlementsforlife.com) brokers in the industry, announced today that they have continued to maintain purchasing entities buying life insurance policies. Despite tough economic times, and drastic changes in mortality tables, the company continues to broker life insurance policies but warns changes in rates are currently in effect.
SFL (www.settlementsforlife.com) has had great success and overwhelming response from agents and consumers with small face life insurance policies (100K-1MM), and convertible term policies of any amount (for ages 56-70). In most but not all cases, Settlements For Life can get term policy owners all of their paid-in premium back.
“Agents have to understand that policies are not going to sell for the price they once were back in the beginning of ’08,” Comments Daniel Katz, President of Settlements For Life. “It is our responsibility to make sure every policy is shopped thoroughly and to all buyers. Our agents should know what to expect so they can advise their clients in the right direction.”
SFL specializes in pricing life insurance policies prior to entering into the secondary market to project a realistic price for the policy owner and a fair commission for the agent. In today’s environment, however, some buyers will not purchase policies less than 30 to 36 months old.
During tough economic times agents need to rely on a broker that has current industry knowledge and is up to date with the most responsive buyers and purchasing programs. The agent must also be aware of the changes that are occurring in today’s market such as mortality increase and buyer availability. SFL’s knowledge helps agents become aware of changes in the market and lets them know exactly what to expect.
About Settlements For Life
Founded in 2003 by a CPA with 25 years professional experience, Settlements For Life has seen the market in the best and the worst of times. Even during these challenging economic times, SFL can always be counted on to negotiate the highest settlement offer available to the client.
Settlements For Life is now offering a new term program which accepts younger insureds ages 56 and older.
For more information on this new program or other life settlement programs, contact Mr. Katz at Settlements For Life:
Settlements For Life