5 Advisor Benefits to Life Settlements
Each year, more than $100 billion face value of life insurance lapses by seniors over the age of 65, mostly caused by a lack of knowledge that an unneeded or unaffordable policy may be sold.
A life settlement is a strategy for helping your client capture some of those benefits, rather than forfeiting them back to the insurance companies. In addition to client benefits, financial advisors themselves can benefit from clients pursuing a life settlement in the following areas:
1. Enhance client relationships.
2. Garner commissions.
3. Set competitive differentiation.
4. Obtain new business.
5, Build trust with families.