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Life Insuramce

LIFE SETTLEMENTS

"A SECONDARY MARKET FOR LIFE INSURANCE VALUATIONS"

For decades and decades, life insurance policies owners in North America had "one" source that determined the current value of their contracts. Insurance carriers were the sole determinant of value if someone wanted to surrender the contract. Carriers had what is called a "monopsony". This condition exists when there is only one market maker for a particular commodity.

Over the last several years, Life Settlements or Senior Settlements have rapidly emerged as an appropriate market for policy owners to receive a "second opinion" on the value of their contracts with the insurance carriers. Unlike Viatical Settlement that deal with the sale of policies on people with life expectancies of 24 months or less, Life Settlements focus on life expectancies of between 24 months and 15 years.

A Life Settlement involves the transfer of ownership of a life insurance policy to a third party in exchange for a cash amount that in some situations can be substantially higher than the cash surrender value from the carrier. The amount of the settlement offer depends upon the life expectancy of the insured, the type and conditions of the policy and the available funds in the buyer network.

NLTCB has been working in this market for the past few years. We have researched the funding sources and we have successfully assisted with the completion of client settlements. From these experiences, we have identified what we believe to be are the most ethical and viable partners for obtaining the best offers.

Our new web resources contain the introductory information you need to learn more about this growing alternative to relying solely on the insurance carriers for policy values.

If you would like to discuss how you can use Life Settlements for your clients, contact Bob Vandy in our corporate office at Extension 105 or via .