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
01-30-2009 12:59 am
CharlesEdwards is granted United States registered trademark status. Combined with its previous trademark registration of the trusted name in life settlements, CharlesEdwards is on track to become the brand name consumers will recognize in the United States when they want reliable, trusted representation of the sale of their life insurance policies in the life settlement market.
Newport Beach, CA (January 30, 2009) Charles M. Edwards Company, Inc., today, announced that the United States Patent and Trademark Office had approved its application to register the trademark of its mark CharlesEdwards. The actual registration date was January 20, 2009.
In September of 2008, the company had entered into an agreement with Charles Schwab in which it agreed not to use the mark, CharlesEdwards, with an italicized style. Representatives for Charles Schwab expressed a concern that consumers might mistakenly confuse CharlesEdwards with the securities brokerage firm, Charles Schwab. "CharlesEdwards was founded on the principles of promoting integrity, full disclosure, transparency and consumer fairness in the life settlement industry," said Steven E. Tartaglini, CEO of CharlesEdwards. "Although we initially didn't believe that the two marks were identical, if there was a chance that even one consumer were to be confused, we agreed with Schwab that the mark should be altered to remove the italics."
Receipt of this registration is the second for the company. In July of 2008, the company received approval of its trademark registration for the words, the trusted name in life settlements. Together with its recently approved registration for CharlesEdwards, the company is now better positioned to continue its national campaign of building its brand among consumers wanting to sell their life insurance policies in the secondary market.
The economy has taken a significant bite out of the financial reserves seniors had been relying upon to maintain a quality of life. Whether it is to help themselves, their children, or a charitable organization, selling their unwanted life insurance policy in a life settlement can generate anywhere from $50,000 to millions of dollars in a cash settlement for the policy owner.
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About CharlesEdwards
CharlesEdwards, a premier broker in the life settlement market, is the trusted name in life settlements. Headquartered in Newport Beach, California, CharlesEdwards represents policy owners in the preparation, submission, and negotiation of all offers received in connection with the sale of their life insurance policies. Policies with face values between $250,000 and $100 million are considered for representation.
CharlesEdwards is a member of the Life Insurance Settlement Association (www.lisassociation.org) and fully supports its mission to promote the development, integrity and reputation of the life settlement industry and to promote a competitive market for the people it serves.
For more information about CharlesEdwards, call toll free 800.492.5186 or visit us at www.charlesmedwards.com.
CharlesEdwards and the trusted name in life settlements are registered trademarks of Charles M. Edwards Company, Inc.
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