Advanced Settlements, Inc. Introduces the Life Settlement Policy Evaluator
* Reuters is not responsible for the content in this press release.
The Policy Evaluator can give your clients a life settlement estimate on their
life insurance policy
ORLANDO, Fla., May 20 /PRNewswire/ -- Advanced Settlements, Inc., a
national leader in the life settlement marketplace, announced the launching of
the Life Settlement Policy Evaluator. "The Life Settlement Policy Evaluator
is a great way to receive an immediate life settlement estimate on an existing
life insurance policy," said Scott Kirby, Co-President of Advanced
Settlements, Inc. "At Advanced Settlements, Inc., we believe education is a
key part to the growth of the life settlement industry. With the Life
Settlement Policy Evaluator financial professionals now have another tool to
assist their senior clients in determining the value of their life insurance
policy."
To use the Life Settlement Policy Evaluator click on the link below.
http://www.advancedsettlements.com/assets/pages/verificationPR.php
A life settlement is the sale of a life insurance policy to a third party
for a cash payment less than the full amount of the death benefit -- but for
more than the policy surrender value. Proceeds may be used any way the seller
sees fit, although they are often used to buy a more cost effective life
insurance policy or annuity, purchase long term care insurance, provide cash
gifts to family members, etc.
"Life Settlements give seniors a potential exit strategy for life
insurance policies they view as too expensive, poor performing or no longer
meeting their original needs," said Mr. Kirby. "Selling one's life insurance
policy as part of a broader financial planning strategy can be a prudent
financial decision for high net worth seniors facing changing life
circumstances," Mr. Kirby added. "Of course, as with any transaction, the
settlement must make sense in light of the entire financial plan of the
client. There could be an impact to taxes, benefits, and even the amount of
insurance a client may buy in the future. It makes sense to fully explore
this option before proceeding."
About Advanced Settlements
Founded in 2000 in Orlando, Florida, Advanced Settlements, Inc. is an
industry leader in the life settlement marketplace. Advanced Settlements,
Inc. has transacted over $5 billion in life insurance policy face value. The
company operates as a broker to obtain multiple offers from qualified
investors and institutional funding sources in pursuit of the highest offer
possible for each client's life insurance policy. Advanced Settlements offers
educational marketing, errors and omissions coverage, marketing support and
compliance assistance to agents and financial professionals. The company may
be reached at 1-800-561-4148 or at advancedsettlements.com
This ad is intended for insurance and financial professionals only, and
not for use for the general public. This advertisement does not apply to
variable life settlements. Variable life settlements are settled through our
BD affiliate. Life Settlement amounts are based on numerous factors. Actual
results will vary. According to our internal statistics, the average purchase
price obtained by viators through Advanced Settlements, Inc. (from July 1, -
December 31, 2007) is approximately twenty-two percent of the face amount of a
qualified life insurance policy. Some or all of the proceeds of a life
settlement may be taxable under federal or state income tax laws. Advice from
a professional tax advisor is recommended. The number of bidders for a policy
may be limited; proceeds from sales of similar policies may vary and may be
subject to claims of creditors. Receipt of proceeds may impact eligibility for
government benefits and entitlements. Prior to sale, the insured should
consider the continued need for coverage, impact to estate plans, availability
of insurance, cost of comparable coverage or tax implications. There may be
high fees associated with the sale of a life settlement. Securities offered
through securities licensed representatives of NFP Securities, Inc., a
Broker/Dealer and Member FINRA/SIPC. Advanced Settlements is an affiliate of
NFP Securities, Inc. and a subsidiary of National Financial Partners Corp.,
the parent company of NFP Securities, Inc. Advanced Settlements, Inc. (or its
principals) is a licensed broker or producer in all states where life
settlements are regulated, except Montana. Location and mailing address:
Advanced Settlements, Inc., 2101 Park Center Drive, Suite 220, Orlando, FL
32835.
SOURCE Advanced Settlements, Inc.
Advanced Settlements, Inc., +1-800-561-4148, info@advancedsettlements.com
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