Unlock the Value of Policies with a Life Settlement

Did you know that nine out of 10 life insurance policies never result in a death claim. Do you have clients who have policies that they no longer need, want or can afford? How about term life insurance policies at the end of their guarantee period? Or a policy which will be part of a Section 1035 exchange?

Help your clients sell unwanted or unneeded policies for their maximum value.

Life settlements can help unlock the value of policies now.

Clients use life settlements for a variety of reasons. Whether the insurance was no longer needed, they are seeking better coverage, or going through a divorce or business change, a life settlement can usually provide them with more funds than if they just surrendered their policy. And that's a huge benefit to seniors everywhere.

Life settlements have become a viable and more profitable alternative to surrendering, lapsing, or exchanging policies. According to industry reports, the total value of life insurance policies held by senior citizens is $500 billion. Because so few of these result in a claim, this becomes a huge opportunity for your practice. This year alone, the industry is expected to produce $8 billion in life settlement sales. Partner with Provada to provide this valuable service to your clients.

Life settlements provide numerous benefits to policyholders.

Policy owners benefit from being able to unlock cash for any purpose including:

• Using the settlement proceeds as a dump-in to purchase a more cost effective policy.
• Improving their financial situation when an unwanted policy is too expensive.
• Providing cash for policies that have outlived their intended purpose.
• Providing corporations with an asset in merger and acquisition negotiations.
• Rescuing failing policies within pension plans.
• Unwinding life insurance after either a change or updated legal interpretation of the prevailing tax law.
• Providing businesses with a financial windfall from policies that are no longer needed, e.g. life settling terminated buy-sell agreements and key-person policies on departing executives.

We make life settlements easy for you.

Provada has established relationships with over 30 different life settlement providers. When other brokers fail to obtain a fair settlement offer, we're able to take advantage of institutional relationships and our experience as a life insurance broker to produce superior results. All transactions are completely transparent in terms of broker commissions. In addition, about 50% of settlements are done with the issuance of a new life policy. We can coordinate the underwriting and implementation of the settlement and new policy to make sure everything gets handled correctly and on a timely basis. We go the extra mile to negotiate the highest possible amount.

Contact us to learn more about Provada's life settlement solutions.