Life settlement is back on track presenting a great opportunity for Investors and sellers alike. The last two years have been brutal for the financing and selling of life insurance settlements in the secondary market. In a business with more and more baby boomers coming into an age with a growing need to have an opportunity to be able to market a life insurance policy that may be unaffordable, unwanted and unneeded and not have that chance, puts a financial strain on the boomers when the need arises, but no place to go.
Life settlement opportunities, for a dozen years, have been a great place to go to when a senior needed to do so. The last 24 months has been a problem because of the credit markets primarily. That is now changing again. Capital in general has been reluctant to go anywhere that is not producing great returns. And, in fact great returns in this economy have become scarce to say the least. Only those seniors who had cheap premiums to pay, on large life insurance policies, and were now in failing health, were being marketed. Somehow the providers wanted only somewhat relatively immediate returns.
But, it isn’t just the economy. Many “agents” and opportunists jumped into the business without really knowing much about the details and started just grabbing people off the street who may have been the right age, but had no business purchasing a life insurance policy for $5 million dollars when they’re estate was worth $500,000 with no other need other than they were told that they could sell the policy in a couple of years through a life settlement and make a big chunk of money! STOLI (Stranger Owned Life Insurance policies) suddenly hit the market and there often was no insurable interest. All of this made investors wary. Coupled with a bad economy, it’s no wonder that a life settlement became stranded on the edge. Regulation has changed much of this and we are on the right track to providing the right and intended service for our seniors that really need it.
For more information and to see if you qualify for a life settlement click on LIVEpdq today!