A more complete financial strategy can be formulated with the knowledge of the fair market value.

The life settlement market opens many new possibilities for advisors and their senior clients with in force life insurance. With the capability to liquidate a policy for multiples of the cash surrender value, advisors may be able to use the proceeds to purchase more beneficial coverage or financial products while reducing or eliminating future payments.

The additional money created by a life settlement, inserted into a new policy or annuity quote may offset or fully fund premiums on new coverage. Utilizing an age rated SPIA in combination with a new life insurance policy may allow a more suitable insurance policy to be put in place with reduced or eliminated premiums.

		Understanding the Concept General Outline: Life Insurance and Annuity quotes are obtained A life insurance valuation is performed on an existing policy(s) Life settlement quote is obtained Life settlement quote proceeds are inserted into the income generating annuity quote Excess annuity proceeds flow to client, if applicable OR Life settlement quote proceeds are inserted into more beneficial insurance quote
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