For Producers, life settlements become an important integrated revenue source. In addition to the trust earned, the process opens opportunities for other planning products with the same clients. There is currently limited competition, as most financial professionals are just awakening to the demographic goldmine of baby boomers and seniors.
Advanced Markets Insight: Common Life Insurance MistakesM Financial Group
Life insurance can be used to accomplish many important planning objectives. However, if improperly managed, policy proceeds may be inadvertently subject to estate, gift, or income tax. An understanding of life insurance products and tax laws, as well as planning mistakes to avoid, will help to maximize the value of the life insurance asset.
The Affordable Care Act: Taking a New Approach to DamagesRachel Hamilton
Presented at ACI's 13th Annual Advanced Forum on Obstetric Malpractice Claims by Caryn L. Lilling Mauro Lilling Naparty LLP and Thomas R. Shimmel Kitch Drutchas Wagner Valitutti & Sherbrook.
Please review my information package explaining how reverse mortgages can help mature adults lead a more productive quality of life. Using a grown credit line that grows over time with no impact to social security or personal income tax liability
Advanced Markets Insight: Common Life Insurance MistakesM Financial Group
Life insurance can be used to accomplish many important planning objectives. However, if improperly managed, policy proceeds may be inadvertently subject to estate, gift, or income tax. An understanding of life insurance products and tax laws, as well as planning mistakes to avoid, will help to maximize the value of the life insurance asset.
The Affordable Care Act: Taking a New Approach to DamagesRachel Hamilton
Presented at ACI's 13th Annual Advanced Forum on Obstetric Malpractice Claims by Caryn L. Lilling Mauro Lilling Naparty LLP and Thomas R. Shimmel Kitch Drutchas Wagner Valitutti & Sherbrook.
Please review my information package explaining how reverse mortgages can help mature adults lead a more productive quality of life. Using a grown credit line that grows over time with no impact to social security or personal income tax liability
This workshop features three parts:
Secret #1: Converting Life Insurance to a Life Care Benefit Plan. There is $500 billion in life insurance death benefit in the hands of senior citizens 65 years or older in the US today, yet 88% of all policies will either lapse or be surrendered for little of no value. Find out if converting this benefit into a Life Care plan benefit is available to you.
Secret #2: Accessing Veterans Benefits. Veterans and surviving spouses can qualify for over $2,000 per month in long-term care services. Find out how.
Secret #3: Utilizing Long-Term Care Insurance or other Third Party Payors. Navigate your policy and uncover other local community payment relief options.
Does Medicare Pay for Long-Term Care in New YorkMark Eghrari
For many, the solution is Medicaid. This program does pay for living assistance if you can qualify, but it is only available to people with limited assets. Many people obtain eligibility through a process called a spend down. Learn more about long-term care in New York in this presentation.
http://ekinsurance.com/personal/how-to-buy-long-term-care-insurance/
Statistics indicate that over half of all people over age 50 will require long-term care.
Affordable Care Act The Decision Is In Pbc Partnership For Agingcschoolmaster
Affordable Care Act - The Decision Is In (What is included, what is not and how much does it all cost.)
A presentation for the Palm Beach County Partnership for Aging by Paul Gionfriddo of
Our Health Policy Matters.
705 South Palmway
Lake Worth FL 33460
561-307-5588
This workshop features three parts:
Secret #1: Converting Life Insurance to a Life Care Benefit Plan. There is $500 billion in life insurance death benefit in the hands of senior citizens 65 years or older in the US today, yet 88% of all policies will either lapse or be surrendered for little of no value. Find out if converting this benefit into a Life Care plan benefit is available to you.
Secret #2: Accessing Veterans Benefits. Veterans and surviving spouses can qualify for over $2,000 per month in long-term care services. Find out how.
Secret #3: Utilizing Long-Term Care Insurance or other Third Party Payors. Navigate your policy and uncover other local community payment relief options.
Does Medicare Pay for Long-Term Care in New YorkMark Eghrari
For many, the solution is Medicaid. This program does pay for living assistance if you can qualify, but it is only available to people with limited assets. Many people obtain eligibility through a process called a spend down. Learn more about long-term care in New York in this presentation.
http://ekinsurance.com/personal/how-to-buy-long-term-care-insurance/
Statistics indicate that over half of all people over age 50 will require long-term care.
Affordable Care Act The Decision Is In Pbc Partnership For Agingcschoolmaster
Affordable Care Act - The Decision Is In (What is included, what is not and how much does it all cost.)
A presentation for the Palm Beach County Partnership for Aging by Paul Gionfriddo of
Our Health Policy Matters.
705 South Palmway
Lake Worth FL 33460
561-307-5588
This is the brief document about Birla Sun Life Group..which include almost all its insurance plans, and policies. This documents also help those students and people how are seeking to get to know about BSLI. I provide all the detailed history about birla group in this documents..:)
Spencer Lodge Fund Advisers Dubai Life Insurance. Spencer Lodge MD of Fund Advisers Dubai Universal life insurance offers you the freedom to increase or decrease your policy’s death benefit to fit your individual needs. Policies have minimum and maximum premium amounts that you must meet to maintain your coverage, but the timing of payments can be flexible. Access to cash values Universal life insurance policies have a cash value that has the potential to increase over time. If financial needs arise, you can tap into your policy by taking tax-advantaged policy loans and making partial withdrawals without income taxes.
Insurance products, savings and investments are crucial elements of financial health that evolve throughout our lifetime. But getting consumers to think long-term is not easy.
Tax letter overlooked strategy - transfer policy ownershipontario lifeline
relates to Fair Market Valuation of individual life policies in Canada either for transfer to individual's professional or business corporation or donation to a charity
The vast majority of financial advisors are unfamiliar with the Life Settlement asset. As this white paper explains, a life insurance settlement can provide a major opportunity for financial advisors to evaluate current investments and advance client portfolios.
London Business School research indicates that life settlements provide an average of 4 times as much money as the cash surrender value offered by insurers.
A Fidelity Investments study found that 7 out of 10 individuals age 65 and above will need long-term care. As longevity numbers continue to increase, identifying the right vehicle to provide financial security for the long road ahead is essential. Life Settlements could be the solution. Pre-qualify clients in 48 hours with LifePASS™.
A Life Settlement is the sale of an in-force life insurance policy that is either unneeded, unwanted or underperforming. By performing an annual policy review, advisors fulfill a commitment to provide exceptional service to their client and identify alternative funding solutions that address the current needs of their client. After the sale of a life insurance policy, the proceeds can be used to fund products and services associated with long-term care. In addition, the insured is no longer responsible for premium payments. Get your clients pre-qualified for a life settlement today with LifePASS™.
Senior Life Settlements are a new and innovative estate-planning vehicle that offers both you and your clients significant benefits and advantages.
By providing your clients the opportunity to sell their existing life insurance policies, Life Settlements can help them benefit from assets that aren’t living up to their expectations, meeting their current needs or bringing them closer to achieving their goals and dreams.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
2. 27/31/14
² It is the sale of an existing life insurance policy to a third party for fair
market value; it exceeds the cash value offered by the insurance
company.
² Grigsby v. Russell (1911) established a life insurance policy as
private property, which may be assigned at the will of the owner
² In most cases, a life settlement will pay the insured a large percent
of the premiums they have paid in over the years, which is more
than the cash value of the policy.*.
² Currently, 42 of the 50 states (and Puerto Rico) regulate life
settlements, covering more than 90% of the United States
population.
WHAT IS A LIFE INSURANCE SETTLEMENT?
3. 37/31/14
² A Viatical Settlement is the sale of in-force life insurance
policy to a 3rd party by terminally ill insured
² The insured typically has a life expectancy of 2 years or
less
² Transaction terms are reflective of each states’
definition of a chronic or terminal condition.
VIATICAL VS. LIFE SETTLEMENT
4. 47/31/14
² Reverse Mortgage is a loan that must be paid back once
the homeowner no longer occupies the home.*
Ø Life Settlement, the sale of personal property;
NOT a Loan. No restrictions or requirements to be
paid back
² Size of Reverse Mortgage loan is determined by borrower’s
age, the interest rate, and home value. Amount may be
capped by FHA loan limit; determined by city/county
Ø Life Settlement, No caps on the amount of money
that can be raised.
The typical age for both Life Settlements and getting a
Reverse Mortgage is 75.
REVERSE MORTGAGE VS. LIFE SETTLEMENT
Reverse Mortgage Stabilization Act of 2013 was amended. Changes went into effect, September 30, 2013
5. 57/31/14
In 2007, Paul Rutledge, former President of Transamerica Reinsurance,
recognized the long term advantages for both the insurance buying
public and life companies, noting that a life insurance policy is a
financial instrument to be treated like any other asset in a consumer’s
financial plan.
ON MAY 23, 2013, THE TEXAS LEGISLATURE PASSED THE
NATION’S FIRST MEDICAID LIFE SETTLEMENT LAW, giving seniors
the ability to apply proceeds from the sale of their life insurance policy
to long-term care. Using settlements to pay for long-term care could
save states millions of dollars in Medicaid costs per year.
*Sandra Block, January 2013, “Cash From Your Life Insurance, www.Kiplinger.com
LIFE SETTLEMENTS: RESISTANCE – NOW SUPPORT
7. 77/31/14
LARRY GRILL ET AL V. LINCOLN NATIONAL LIFE INSURANCE COMPANY
FAILURE-TO-DISCLOSE
California couple, trustees of the Grills’ estate, filed a lawsuit in California
Federal District alleging that they lost money because an agent of Lincoln
National Life Insurance Co. failed to inform them of the life settlement option.
The Grills’ were struggling to pay premiums on a $7.2 million policy and
were forced to reduce their coverage and face amount to $2 million.
They allege that Lincoln National instructs its agents and independents to
conceal the life settlement option because omitting the information generates
greater profits for the insurance carrier.
HELP YOUR CLIENTS AVOID MISDIRECTION
8. 87/31/14
² Lifestyle changes make the policy no longer desirable; paying
unnecessary premiums; policy holder is “over-insured” (e.g.,
divorce, bankruptcy).
² Estate changes eliminate the need for a policy (e.g., smaller
estate reduces estate tax to be paid out of death benefits).
² Sale of a business or changes to executive hierarchy (i.e.,
policy was designed to protect company from financial loss).
² LONGEVITY. Liquidity needed to fund long-term care
costs.
PEOPLE SELL FOR MANY REASONS
9. 97/31/14
A term once used in reference to especially long lived members
of a population.
Now, synonymous with life expectancy.
A recent survey by Pew Research found that 83 percent of
Americans consider their “ideal lifespan” to be 100 years or less.
In addition to quality of life after 100, concerns over longer
lifespans are compounded by the fact that we have less
retirement savings to rely upon.
LONGEVITY: PREPARING FOR A LONGER LIFE
Pew Research Center survey March 21-April 8, 2013: www.pewforum.org/2013/08/06/living-to-120-and beyond.
10. 107/31/14
There are a wide variety of longevity based financial products,
from life insurance and annuities to life settlements and reverse
mortgages. Life settlements were the first longevity based
financial product of the new generation.
NO ONE WANTS TO OUTLIVE THEIR MONEY, AND LIVING FOREVER
LOSES ITS LUSTER WHEN YOU REALIZE THAT YOU’RE GOING TO
BE SPENDING THE LAST YEARS OF YOUR LIFE STRUGGLING TO
MAKE ENDS MEET.
LONGEVITY CONUNDRUM: WILL RETIREMENT LAST
Conning Research and Consulting, Inc. (2008), Life Settlements, New Challenges to Growth
11. 117/31/14
² 70% of people at age 65 can expect to pay for some form of
long-term care.
² 69% of people aged 90 or older have a disability.
² 24 million Americans are thrust into the position of full-time caregiver.
² 37% of caregivers quit their job or reduce their hours to care for
someone aged 50 or older.
Longtermcare.gov infographic: It’s Coming, Are You Ready? |
h"p://mkt.medline.com/clinical-‐blog/files/2013/07/longterm-‐care_51cc77516d63a_w1800.jpg
US PENSION SYSTEM: It will cost an additional $115 BILLION if the
average US lifespan increases by one year over current projections.
LONG-TERM CARE
12. 127/31/14
Contrary to the 2010 Conning &
Company Life Settlement report
stating 4 out of 10 seniors let life
insurance policies lapse…
A recent study indicates that
lapsing numbers are more than
50 percent.
SURVEY SAYS: MOST SENIORS LET INSURANCE LAPSE
13. 137/31/14
² Personal Savings?
² Long-term care insurance?
² Medicaid Spend-Down?
² Other options?
HOW WILL CLIENTS FINANCE THEIR FUTURE?
14. 147/31/14
Life insurance is a financial tool…a protective blanket.
We bought it to protect our families from financial changes that
they may face upon our demise.
LIFE INSURANCE
16. 167/31/14
1. Take cash value and cancel their policy.
2. Take a “paid-up” policy for a much smaller amount.
3. Let the cash value pay the premiums for a period of time
and then let the policy lapse.
4. Allow the term policy to expire/lapse without converting the
policy.
MOST OF YOUR CLIENTS
BELIEVE THEY HAVE ONLY FOUR OPTIONS
17. 177/31/14
ARE CLIENTS PREPARED ‘FINANCIALLY’?
² In 2013 the percentage of Baby Boomers confident in their financial
preparedness for retirement dropped from 44% to 35%.
² Of those calculating a retirement savings goal, 76% are factoring in the
cost of health care.
² One in 10 Boomers prematurely withdrew savings from a retirement plan
during the past year.
² 42% cite economic downturn as a reason for delaying retirement.
² Boomers planning for retirement with the help of a financial
professional are more than twice as likely to be highly confident in
their retirement plans.
http://myirionline.org/docs/default-source/research/boomer-expectations-for-retirement-2014-web-version
It’s time to re-examine financial needs for the long road ahead.
18. 187/31/14
WHAT’S IN IT FOR PRODUCERS?
*Consult a life settlement professional for state regulations.
² BRING ADDED VALUE TO YOUR CLIENTS: Prevent future unnecessary
premium payments, reduce lapse rates, create new capital to finance
clients’other endeavors.
² STRENGTHEN CLIENT-AGENT RELATIONSHIP: Keeping up to date on
changes in the industry and providing your clientele with complete
information makes you a credible source, taking you from sales
professional to trusted consultant.
² INCREASE ASSETS UNDER MANAGEMENT: Proceeds from a life
settlement are unrestricted*, and can be repurposed to broaden
financial planning strategies and applied to other “commissionable”
products.
19. 197/31/14
UNDERSTANDING THE POTENTIAL
² The total outstanding dollar
value of life insurance
policies is $27 trillion.1
² It is estimated that 90% of all
life insurance policies lapse.2
² The total market potential for
senior life settlements will
grow from $114 billion in
2014 to more than $140
billion in 2018.3
1. ACLI 2008: 2008 Life Insurers Fact Book
2. Life Insurance Settlement Association: www.thevoiceoftheindustry.com
3. Conning Research & Consulting (2012)
0
50
100
150
200
2014
2015
2016
2017
2018
NET MARKET POTENTIAL
$US BILLIONS FACE VALUE
20. 207/31/14
*Consult a tax professional with regard to life settlement taxation regulations.*Consult a tax professional with regard to life settlement taxation regulations.
² SENATE BILL S. 2048, introduced by Sen. Robert Casey (D-Penn.) to
clarify the taxation of Life Settlements, is expected to be reintroduced this
year. Until that happens, Revenue Ruling 2009-13 is still in control.
² REVENUE RULING 2009 – 13, The IRS ruled that the basis for a policy
sold by a non-investor (policy holder) is cumulative premiums minus
cumulative cost of insurance (COI) changes.
² RULING DOES NOT DISTINGUISH between life settlements and non-life
settlement transfers of sales and can be confusing for insurers.
² MOST IMPORTANT, FOR INSURED…Instruct your clients to request the
cumulative COI charges from the insurance company. They should not
wait until after the transaction closes.
² MOST IMPORTANT, FOR PRODUCERS…consult your tax professional
to learn more about life settlement taxation.*
Short Answer: Yes, however…
ARE LIFE SETTLEMENT PROCEEDS TAXABLE?
22. 227/31/14
THE LIFELINE PROGRAM®
² Founded in 1989…We are the oldest, most experienced Life
Settlement provider for more than 24 years – Settled more than $1.7
billion in policies
² Unparalleled industry reputation for quality, thoroughness of
transaction, and transparency
² Providers of customized turnkey solution. Visible or as Invisible as
you need
² Adherence to sound business practices to ensure professional,
private transaction and the proper handling of HIPAA information
² Leading industry resource for the evolved client. First to use social
media and other innovative, interactive tools to educate consumers and
savvy financial professionals on life settlements as an option
² On-site funding entity, Lifeline Capital Management. Proprietary
equity capital enables in-house purchasing
WHO WE ARE…
23. 237/31/14
WHO WE ARE NOT!
THE LIFELINE PROGRAM®
Lifetime (TV Network): American cable and satellite television channel
Life Alert Emergency Response: Provides services that help elderly
contact emergency services.
Lifeline: Affordable telephone service for income-eligible consumers
27. 277/31/14
CASE STUDY # 1
PAYOUT TO OWNER: $375,000
INSURED MALE, 80 YEARS OLD
POLICY UNIVERSAL LIFE
YEAR POLICY ISSUED 2008
FACE AMOUNT $2,000,000
CASH VALUE $0
SURRENDER VALUE $0
LIFELINE SETTLEMENT $375,000
RETIRED CORPORATE ATTORNEY WAS OVER-INSURED.
USED PROCEEDS LIFE SETTLEMENT TO CAPITALIZE ON NEW INVESTMENTS
AND VISIT HIS CHILDREN AND THEIR FAMILIES SEVERAL TIMES A YEAR.
28. 287/31/14
CASE STUDY # 2
PAYOUT TO OWNER: $515,000
INSURED MALE, 73 YEARS OLD
POLICY UNIVERSAL LIFE
YEAR POLICY ISSUED 2003
FACE AMOUNT $2,000,000
CASH VALUE $250,000
SURRENDER VALUE $178,052
LIFELINE SETTLEMENT $515,000
COULDN’T AFFORD TO PAY HIGH PREMIUM; NEARLY $40,000 ANNUALLY
FREE OF PREMIUM BURDEN, INSURED WAS ABLE TO SEEK OUT OTHER
INVESTMENTS THAT WERE BETTER SUITED TO HIS CIRCUMSTANCES.
29. 297/31/14
CASE STUDY # 3
PAYOUT TO OWNER: $1,440,000
INSURED MALE, 73 YEARS OLD
POLICIES (3) TERM, CONVERTED
TO GUARANTEED
UNIVERSAL LIFE
YEAR POLICY ISSUED 2009
FACE AMOUNT $3,000,000 DEATH BENEFIT
CASH VALUE $7,874
SURRENDER VALUE $0
LIFELINE SETTLEMENT $1,440,000*
*Settlement based on three individual $3 million policies
SUCCESSFUL BUSINESS OWNER WITH THREE TERM POLICIES
WITH MINIMUM CASH VALUE IN HIS POLICIES AND NO SURRENDER VALUE,
THE INSURED USED PROCEEDS FROM LIFE SETTLEMENT TO FUND WIFE’S
CARE AT ALZHEIMERS FACILITY.
30. 307/31/14
GENERAL PRICING GUIDELINES AND PARAMETERS
On average, entire process can take between 60 and 120 days. Based on Lifeline Program® guidelines.
² Age of insured: 70+
² LE: 24 months – 180 months
• Based on verifiable clinical diagnoses
² Policy face amount: $250K – $10M
• Policies below $250K and above $10M will be reviewed on case-by-case
basis
² Qualified policies include: individual and survivorship universal,
convertible term, whole life, group (must be within conversion
period).
² Must have “A-” or better carrier rating from A.M. Best
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NOW THAT YOU KNOW THE ‘WHAT’ AND ‘WHY’
WHAT’S NEXT?
STEP 1 Run the numbers
STEP 2 Reflect on your potential market
STEP 3 Integrate life settlements into your product mix
STEP 4 Build your own life settlement network
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STEP 1 // RUN THE NUMBERS
Producers can get started with an
estimate of the potential, based on
the current number of clients and
the potentially eligible policies
therein, and by reflecting on the
circumstances of key policyholders.
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STEP 2 // REFLECT ON YOUR POTENTIAL MARKET
Seniors with at least $250,000 in life
insurance coverage are prime
candidates. Recent changes might
make current life insurance policies
unneeded or financially burdensome.
In your next policy review, with your
client, consider a life settlement if the
estimated proceeds outweigh the
need for coverage.
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STEP 3 // INTEGRATE LIFE SETTLEMENTS
INTO YOUR PRODUCT MIX
As with all life insurance
products and services,
producers who decide to learn
more about the life settlement
asset class, increase their
chances of meeting their
business objectives.
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STEP 4 // BUILD YOUR OWN NETWORK
Once you determine that life
settlements are an appropriate
product for your clients, organize
your top-priority client list to
submit applications.
LET’S GET STARTED!
For Producers, life settlements become an important integrated
revenue source. In addition to the trust earned, the process opens
opportunities for other planning products with the same clients. There is
currently limited competition, as most financial professionals are just
awakening to the demographic goldmine of baby boomers and seniors.
36. Wm. Scott Page 367/31/14
TO LEARN MORE, PLEASE CONTACT
THE LIFELINE PROGRAM
1 800 252 5282