Life Settlement Brokers

November 19, 2011 by  
Filed under insurance

Life settlement brokers are brokers who buy and sell life insurance policies for senior citizens. Since most life insurance policies have a low surrender cash value, they try to find a buyer who is willing to pay the most for the policy. This is very often a time consuming and difficult process. Few people understand the secondary insurance market, so they never consider the possibilities of a senior life settlement.

Many seniors work with estate planners because they want their professional opinion on how to limit their tax liabilities at the end of their lives for their beneficiaries. Although estate planners are excellent resources to aid in limiting their liabilities, they are not the only professionals who can help. In fact, estate planners should include a life settlement broker service for all their clients.

Today, any senior citizen who has a life insurance policy they no longer want or need, can easily find out its worth by utilizing a senior life settlements planner. With an easy and simple online form, a senior can enter their information about their policy or policies and an e-planner will quote them a ‘ball park’ figure for their policy. Once the quote is given, the senior can determine if they want to sell or to keep their policy for their beneficiaries. If the senior citizen decides to proceed, the e-planner will contact them to further negotiate the deal and confirm the details of the policy.

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