Mountain 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?
Confused?
Let Mountain Financial make this 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’s 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
with your new Super Guaranteed UL. 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 won't qualify for a life settlement, but when it works it’s an extremely
powerful tool. Generally, your client needs to be 70 or older and own a policy of
250k or more.
By teaming with Mountain Financial 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.
How It Works
- We will do a pre-review of your case and provide an estimated value by using a standard
L.E. (Life Expectancy Report)
- Submit Mountain Settlement App 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)
- Perform a valuation and shop for the best offer
We operate with three major TOP principles:
- Transparent - Earning your trust through integrity, communication and full disclosure
- Objective - Searching for the best possible solution under your direction
- Professional - Working at the highest level of professionalism to facilitate every case