A Presentation Tool to Help Insurance Advisors Educate Senior Clients about Life Settlements
The Life Insurance Settlement Association reports that there are more than 40 million Americans over the age of 75, and that seniors in that age group own between $700-$800 billion in life insurance.
Yet, in spite of efforts to build awareness about life settlements as an alternative to lapsation or surrender, most seniors with policies they no longer want or can no longer afford are still not aware that life settlements may be a preferable option to accepting a low cash surrender value or allowing a policy to lapse.
Reports indicate that up to 80% of life insurance policies are allowed to lapse, and a recent survey indicates that 82% of seniors surveyed were not aware of life settlements. Clearly more needs to be done to establish awareness among consumers that they have other options that make economic sense.
Asset Life Settlements created this slide presentation to assist agents and financial advisors in educating senior clients about the role that life settlements can plan in the estate planning process. We suggest that advisors and agents download the presentation to your desktop by clicking here.
Feel free to share this presentation with your senior clients or members of your referral network. If you have questions about any of the information contained in this presentation, please contact us as follows:
Jeff Hallman, Co-Founder Scott Thomas, Co-Founder