Why Use Asset Life Settlements as Your Broker?
Policy owners can use one of two approaches (channels) when selling their policies:
- Funder Direct Approach: Go directly to a funder (an institutional money source known as a ‘provider’) who may offer to purchase the policy for a specific price.
- Auction Approach: Use a life settlement broker who will shop the policy to multiple funders (providers) in pursuit of competitive offers for the policy. This auction-like approach enables the policy seller to feel confident that they have received the “fair market value” for his/her policy. Accepting one offer directly from one provider is never recommended because the seller will never know whether a different funder would have paid more for the policy.
Asset Life Settlements has a fiduciary duty to represent your interests.
Asset Life Settlements has a fiduciary duty to you, the policy seller, to pursue the highest possible offer. As life settlement brokers. we also have unique insight regarding each provider’s funding parameters, and as skilled negotiators we are often instrumental in influencing buyers to make higher offers.
However, life settlement “providers” have a fiduciary duty to their institutional investors. They are not required to represent your best interests when making an offer to purchase your policy. On the contrary, their goal is to purchase policies for the lowest possible price.
We do all the leg work for you.
Asset Life Settlements assists you throughout the entire application process. We provide insight as to whether you meet the qualification factors for a settlement, and we provide you with a preliminary estimate of the value of your policy. Once you decide to move forward with a life settlement, we supply all the necessary documents and handle the underwriting process. We also purchase the necessary life expectancy appraisals which are required before submitting the case to secondary market funders/providers.
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