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Life Settlements
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Whether you call it a Senior Settlement, Lifetime Settlement, or High Net Worth
Transaction – Life Settlements have become a very important factor in the
estate planning process for seniors. Prior to the Life Settlement Industry, if a
senior owned a policy that was no longer wanted, needed or affordable, there was
no option but to lapse, cancel, or surrender the policy back to the carrier for
the cash surrender value. Life settlements allow qualified policy owners to liquidate
a policy for an amount much higher than the cash surrender value. Then, these seniors
can take advantage of important financial opportunities using the proceeds of an
unwanted, unaffordable or obsolete life insurance policy.
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Today, with the advancement of Life Settlements as a mainstream financial product,
Life Insurance Companies now face competition for the surrendered policies that
they once monopolized. The Life Settlement Industry has created a competitive secondary
market for life insurance policies. Consumers are now in the driver's seat, free
to sell their policies in an open market for the highest available price, well above
the cash surrender value offered by insurance companies.
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Benefits To Policy Owners |
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- Relief of monthly premium expenses
- Additional funds to supplement retirement income
- Higher cash payout than the cash surrender value
- Funds to seek treatments not covered by health insurance
- Generate profit from a non–performing & often worthless asset
- Alternative funding for LTC policies, annuities or other investments
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Why Choose Mountain Financial? |
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Mountain Financial is a licensed Life Settlement Broker. As a licensed broker,
it is our responsibility to negotiate with licensed funding providers to obtain
the absolute highest offers available for each and every client.
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- Only 1 Application is required to receive multiple offers from the top funding sources
in the industry!
- We represent the best interests of the Policy Owner and Insured during the entire
life insurance settlement transaction. It is our obligation to obtain the highest
offer for our clients.
- There are never any fees to apply and there is absolutely no obligation to accept
an offer from any of our funding sources.
- It is our goal to provide a quick, professional and hassle–free settlement
process.
- All personal information obtained during the application process is strictly confidential.
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By choosing to work with a broker to negotiate offers on your behalf, you have only
one point of contact to follow up with regarding your application status. Also,
your physicians and insurance company will only be contacted by one firm. It is
quite common for medical records staff and customer service representatives to become
overwhelmed and inconvenienced by multiple requests for the same information; which
translates into considerable delays in the underwriting process.
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How Do We Work for the Policy Owner? |
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Face Value: |
$1,000,000 |
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Cash Value: |
$118,000
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Surrender Value: |
$105,000 |
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Funder #1: |
$125,000 |
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Funder #2: |
$130,500 |
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Funder #3: |
$135,000 |
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Funder #4: |
$165,000 |
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Funder #5: |
No Bid – Declined |
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Funder #6: |
$200,000 |
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Funder #7: |
$230,000 |
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Funder #1: |
$231,000 |
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Funder #2: |
Declined to Re–Bid |
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Funder #3: |
$235,000 |
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Funder #4: |
$235,000 |
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Funder #5: |
No Bid – Declined |
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Funder #6: |
$240,000 |
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Funder #7: |
$240,000 |
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Funder #1: |
$240,000 |
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Funder #2: |
Declined to Re–Bid |
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Funder #3: |
$247,000 |
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Funder #4: |
Declined to Re–Bid |
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Funder #5: |
No Bid – Declined |
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Funder #6: |
Declined to Re–Bid |
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Funder #7: |
$250,000 |
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As you can see, the offers made by Life Settlement Funders can vary greatly. There
is absolutely no benefit if you work with only one Funder or even three for that
matter. In this case, even Funder # 7, who had the highest original offer, raised
their bid by $20,000.
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The Broker's Power of Negotiation Yields Higher Offers. |
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Transparent
Transparent:
Earning your trust through integrity, communication and full disclosure
Objective
Objective:
Searcing for the best posssible solution under your direction
Professional
Professional:
Working at highest level of professionalism to facilitate every case
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