Why Use Asset Life Settlements as Your Broker?
Before taking steps to sell your policy, it is important to understand the industry’s terminology, such as the difference between “brokers” versus “providers.”
A “broker” will negotiate with multiple funders to help you receive the highest possible offer in the secondary market, whereas a “provider” (a secondary market funder) will quote you a single offer and agreed to directly purchase your policy.
It’s important to understand that if you work directly with a provider (funder) and accept their offer, it by-passes the competitive bidding and negotiation process used by brokers in pursuit of the highest value for your policy.
Remember, accepting a single offer from one provider means you will never know whether you could have sold your policy for a higher amount.
Asset Life Settlements uses an “Auction Approach” to sell your policy.
For more than 20 years, we have been helping senior consumers like you receive the highest possible value for unwanted life insurance policies.
As experienced settlement brokers, Asset Life Settlements uses an “Auction Approach” where we submit your life settlement application to multiple providers (funders) who respond with competing offers. Once all of the offers are in, we present you with the highest bid. Our brokering process enables you (the policy seller) to feel confident that you have sold your policy for the “highest market value.”
Asset Life Settlements has a fiduciary duty to represent your interests.
In accordance with state licensing regulations, 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.
Remember, life settlement “providers” do NOT have a fiduciary duty to policy sellers, but instead represent the best interests of their institutional investors. Their goal is to purchase policies for the lowest possible price which is certainly not in your best interests.
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