This client needed to continue his life insurance coverage. His existing term policy contained conversion privileges. Instead of letting his existing term policy lapse, we were able to generate a life settlement offer. The proceeds from this transaction were used to fund a new term life policy with premiums slightly lower (due to changes in [...]
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So far Noam Weiss has created 16 blog entries.
"One simple change. Noam Weiss’ advice to turn to my lapsing clients and offer a Life Settlement has changed the way my customers perceive me. These clients, who in the past were disappointed that something I sold them no longer worked for them, now see how I am helping reconfigure their financial portfolios and salvaging [...]
This client's estate planning attorney contacted Settlement Benefits Association to conduct a Life Settlement appraisal. They had a combined offer from another broker of $900,000 for the client's two $5,000,000 policies. After extensive negotiations with various licensed providers, SBA was able to get the client $1,010,000. By being thorough, SBA provided significant value to this [...]
"Settlement Benefits presented the amazing opportunities life settlements provide for Philanthropic minded individuals, their advisors and the charities. Their presentation was clear and easy to understand, we are expecting big things in the very near future." Daniel Staffenberg, Chief Development Officer, Tampa Jewish Federation
This case, brought to us by the original writing agent on the insurance policy, was part of an estate that no longer needed this additional $750,000 worth of insurance protection. The annual premiums were approximately $19,000. The client accepted an $110,000 offer, which represented almost 6 times the $19,000 cash value of the policy. The proceeds were [...]
This article, written by Noam Weiss, discusses the rise of the Life Settlement industry and how Life Settlements are a pro-consumer wealth management tool. Download the pdf below. Life Settlements: The Emergence of a Nascent Industry