Articles & News from CharlesEdwards
CharlesEdwards' Sister Division Enables Insurance, Financial & Legal Professionals to Become Their Own Life Settlement Brokers
04-16-2009 12:53 am
Charles M. Edwards Company, Inc., launched a new division parallel to its national life settlement broker division, CharlesEdwards. The new division, Life Settlement Administrators (LSA), will enable all insurance, finance, and legal professionals to become their own life settlement brokers without the cost, time and aggravation of having to start up their own firm from scratch.
Newport Beach, CA (April 16, 2009) - Charles
M. Edwards Company, Inc., a national broker in the secondary life insurance
market operating under its division, CharlesEdwards, the trusted name in
life settlements, announced today that it recently launched a new division,
Life Settlement Administrators (LSA).
Life Settlement Administrators is unique in that it now makes it simple and
inexpensive for IMO, BGA, MGA, GA, CPA, Financial Planner, and Lawyer
participants in the life settlement market to stop using a life settlement
broker to submit their cases to multiple buyers. Through LSA, these
agents or advisors can become their own life settlement brokers, determine
their own commission rates, retain 100% of those commissions, and have LSA
conduct all processing for them - from taking the application to closing the
case. Although they will now be the life settlement broker, in most
cases, the amount of work performed by these agents or advisors will be little
more than what they currently provide when they submit cases through a life
settlement broker. Their earnings, however, should be substantially
greater.
"We are excited to launch Life Settlement Administrators. Our hope
is that it will not only serve to accelerate consumer awareness of life
settlements, but also fuel an increase in the volume of transactions as these
new brokers build their own individual brand as life settlement brokers in the
secondary life insurance market," said Steven Tartaglini, CEO of Charles
M. Edwards Company.
Brokers registered with LSA are provided with their own personalized website www.sample.lifesettlementadmin.com, access to contracts & applications, Life Settlement
Tips & Techniques as a resource on understanding and building their new
business, and, if they choose, complete processing of their cases starting from
the time they introduce the client to LSA to the time the client and the broker
receive their funds. Instead of charging a commission for these services,
LSA charges its registered brokers a small flat fee for the particular service
being provided, regardless of the size of the case.
"With Cantor LifeMarkets CEO, Stuart Hersch, estimating the value of
policies currently traded in 2009 at $20 billion of face value, along with
reports that investor funds are starting to come back into the industry, now is
the best time for agents and advisors to get in the game. LSA Brokers can
be up and running within a week and can easily operate their life settlement
brokerage parallel and independent of their existing agency or practice.
Even for existing life settlement brokers with sporadic or low volume,
registering with LSA to eliminate fixed labor costs can be a winning
option." said Tartaglini.
For information and registration, interested agents, advisors and brokers can
go to www.lifesettlementadmin.com.
###
About Charles M. Edwards Company, Inc.
Charles M. Edwards Company has been
involved with the life settlement industry since 2005. Heaquartered in
Newport Beach, California, it currently operates two divisions: CharlesEdwards,the trusted name in life settlements, a national life settlement broker
representing policy owners in the preparation, submission, and negotiation of
all offers received in connection with the sale of life insurance policies
between $250,000 and $50 million; and Life Settlement Administrators, a turnkey
service that enables financial and legal professionals to quickly and
inexpensively establish themselves as independent life settlement brokers.
For more information on CharlesEdwards, call toll free 800.492.5186 or visit us
at www.charlesmedwards.com.
For more information on Life Settlement
Administrators, call toll free 800.492.5186 or visit us at www.lifesettlementadmin.com.
CharlesEdwards and the trusted name in life
settlements are registered trademarks of Charles M. Edwards Company, Inc.
Contact:
Steven Tartaglini
Life Settlement Administrators
800.492.5186
st@charlesmedwards.com
st@lifesettlementadmin.com
Back to the Life page »
