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Settlements |
- What is a Life Settlement?
- I heard that Life Settlements are bad, Why?
- My client has a policy I want to settle, how much will he get?
- When do I use a Life Settlement?
Experience the National Difference!
In a sector of our industry that is needing credibility and clarity, National has
delivered. We operate with 100% transparency showing all offers in real time through
our secure website. Not only will you be able to view the offer but you will see everything
that transpires with your case. We will secure the best possible offer for your
client's policy in the most efficient manner possible, all while operating in a fish bowl. Choosing
the right professionals to assist you and your client is a very important decision
that can have a huge impact on both of your financial futures. National will professionally
seek you and your client's objective while operating with complete transiency. Experience
the National difference.
Let National Brokerage make this process easy for you. Settlements are not asking you to
do anything new with your clients. You are simply practicing the basic fundamentals
that have built the Life Insurance industry.
Review your client’s policy and determine if it is the best vehicle to accomplish
your client's objective.
You can't do a proper review for your client without knowing what your client's
policy is worth. For example:
- You have a 70 year old client who has an unwanted 5M term policy that he/she
is just going to cancel - worthless without settlements. With settlements you could
create an additional 250k for the client.
- Your client has a Universal Life policy purchased 12 years ago. Like many
UL's purchased in the past, it's not performing and has no guarantee left. You want
to replace it with your new Super Guaranteed UL. The client will 1035 exchange 12k from
his old 400k death benefit UL and pay a new premium of 8k per year. ***Now, with
a settlement, instead of using only 12k from the 1035, your client now has 54k and
can choose to pay less than 1k per year or purchase an additional 350k of face.
Most clients will not qualify for a life settlement, but when it works it is an extremely
powerful tool. Generally, your client needs to be 70 or older and own a policy of
250k or more.
By teaming with National Brokerage you will offer two distinct advantages to
your clients versus your competitors:
- Professional policy valuation - We utilize a detailed analytical software
used by Wall Street firms. Most of our competitors will make a guess.
- Complete transparency - See all developments as they happen, including gross
offers.
"I was very negative on settlements after going through a number of cases with other
brokers. National was a refreshing change. They start by preparing a report that
shows my client how much we could expect for a offer, while the other brokers just
told me whatever I wanted to hear. National keeps me updated through the whole process
and has assisted me with calls that I wasn't 100% comfortable with. I really feel
like National is my corner."
- Agent: Z. Herber, MO
"All the brokers tell you what you what to hear and say trust me. National will
actually back it up by showing you everything through the whole process, including
the entire offer."
- Agent: B. Miller, NY
- We will do a pre-review of your case and provide an estimated value by using
a standard L.E. (Life Expectancy Report)
- Submit the National Life
Settlement Application and obtain IFL (if you can’t get the IFL, we can)
- We will order APS's through our designated APS team whose sole purpose is
to rush this process
- With Medical Records we will order two Life Expectancy Reports (LE)
- Then we perform a valuation and shop for the best offer
We operate with three major TOP principles:
| Transparent:
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Earning your trust through integrity, communication
and full disclosure |
| Objective:
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Searching for the best possible solution under your
direction |
| Professional:
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Working at the highest level of professionalism to
facilitate every case |