Show Me The Money
Whether you call it a Senior Settlement, Lifetime Settlement, or High Net Worth Transaction - Life Settlements have become a very important factor in the estate planning process for seniors.
Prior to the Life Settlement Industry, if a senior owned a policy that was no longer wanted, needed or affordable, there was no option but to lapse, cancel, or surrender the policy back to the carrier for the cash surrender value.
Life settlements allow qualified policy owners to liquidate a policy for an amount much higher than the cash surrender value. Then, these seniors can take advantage of important financial opportunities using the proceeds of an unwanted, unaffordable or obsolete life insurance policy.
Today, with the advancement of Life Settlements as a mainstream financial product, Life Insurance Companies now face competition for the surrendered policies that they once monopolized.
The Life Settlement Industry has created a competitive secondary market for life insurance policies. Consumers are now in the driver's seat, free to sell their policies in an open market for the highest available price, well above the cash surrender value offered by insurance companies.
BENEFITS TO POLICY OWNERS:
- Relief of monthly premium expenses.
- Additional funds to supplement retirement income.
- Higher cash payout than the cash surrender value.
- Funds to seek treatments not covered by health insurance.
- Generate profit from a non-performing & often worthless asset Alternative funding for Long Term Care policies, annuities or other investments.
HOW DO WE WORK FOR THE POLICY OWNER?
We negotiate offers with every potential funding company in the Life Settlement market to ensure that our clients receive the absolute highest offer that is available in the industry. Below is the short version of the negotiation process that we experience on most Life Settlement transactions:
Typical Case:
Insured Male - Age 77
Face Value $1,000,000
Cash Value $ 118,000
Surrender Value $ 105,000
Original Offers:
Funder # 1 $125,000
Funder # 2 $130,500
Funder # 3 $135,000
Funder # 4 $165,000
Funder # 5 No Bid - Declined
Funder # 6 $200,000
Funder # 7 $230,000
Negotiation Phase:
Funder # 1 $231,000
Funder # 2 Declined to Re-Bid
Funder # 3 $235,000
Funder # 4 $235,000
Funder # 5 No Bid - Declined
Funder # 6 $240,000
Funder # 7 $240,000
Final Offers:
Funder # 1 $240,000
Funder # 2 Declined to Re-Bid
Funder # 3 $247,000
Funder # 4 Declined to Re-Bid
Funder # 5 No Bid - Declined
Funder # 6 Declined to Re-Bid
Funder # 7 $250,000
Final Purchase Price: (your profit)
- Through Our Network... $250,000
- On Your Own... (surrender value) $105,000
It costs you nothing to go through Savvy Financial Group, Inc. and as you can see, going through us can make a big difference! In the above example, $145,000 more than they could have gotten on their own. It just makes sense to go through Savvy Financial Group, Inc....
Also, as you can see, the offers made by Life Settlement Funders can vary greatly. So there is absolutely no benefit to working with only one Funder or even three for that matter. In this case, even Funder # 7, who had the highest original offer, raised their bid by $20,000. We work with over 20 of the top funders in the industry!!
The Broker's Power of Negotiation Yields Higher Offers!
