Life Settlement Articles & News
Selling Your Life Insurance Policy? A Consumer's Guide to a Life Settlement.
Deciding to keep a life insurance policy, surrender it, let it lapse, or sell it as a life settlement, requires careful thought. The purpose of this Insurance Studies Institute document is to help you become more informed and to understand your choices.
http://www.insurancestudies.org/Consumers/ConsumersGuideInsuranceStudiesInstitute.pdf
Why Life Settlement? The Benefits of Choosing a Life Settlement
Results of a recent survey showed that 60-70% of seniors do own life insurance, but only 50% have some knowledge of life settlements. The Purpose of this Insurance Studies Institute document is to inform seniors about life settlements, the steps in a life settlement and what a consumer can expect.
http://www.insurancestudies.org/articles/WhyLifeSettlements.pdf
Have Questions about a Life Settlement? Top Ten Questions about a Life Settlement.
The New York State Insurance Department has provided seniors with a guide that includes frequently asked questions about a life settlement, the processes and procedures of a life settlement, and the implications of undertaking a life settlement.
http://www.ins.state.ny.us/que_top10/que_life_set.htm
CharlesEdwards Wants Seniors to Understand and Avoid STOLI
A life settlement is a legal transaction whereby the owner of a life insurance policy sells his or her life insurance policy in return for an amount that exceeds the cash surrender value. In contrast, a STOLI (Stranger Originated Life Insurance ) is an illegal transaction where a third party, convinces a person to take out a life insurance policy with an agreement that the third party will assume ownership of the policy in return for some sort of compensation. The prominent operators in the life settlement industry adamantly oppose STOLI and have sought laws and regulations to stomp out STOLI activities.
This Insurance Studies Institute article explains the difference between a Life Settlement and STOLI and provides information on how to avoid STOLI.
http://www.insurancestudies.org/series/ISI_LifeInsuranceSettlementSeries_IV.pdf
News About CharlesEdwards
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
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