Life Settlement Questions
Life Settlement Questions for Life Insurance Agents and Brokers
All Life, Heath, and Annuity Agents and Brokers who sell and/or service life insurance policies should add life settlements to their current business practices. Here are a list of questions that an agent should ask themselves when evaluating a policy to discover its suitability for a Life Settlement.
Ask, “What are the personal and business insurance needs of my clients?
Ask, “How long should the policy’s coverage be maintained?
Ask, “If estate tax is removed, how much coverage would be redundant?
Ask, “What is the amount of after-tax funds that each policy owner will receive from a Life Settlement?
Ask, “What additional investments or insurance could be purchased with Life Settlement proceeds?
Ask, “Should additional policies or coverage be secured, before completing a Life Settlement transaction?
Ask, “If new insurance is needed, what type of polices should be considered? Whole life, term, Universal lIfe, joint insurance plans?
Ask, “How much of any new coverage should be owned by a Trust?
Make sure you have questions like these ready to be answered with all of your current clients. You do not want to miss an opportunity to help them increase their financial wealth with no risk or cost to them.
