Did you know?
Nine out of 10 life insurance policies never result in a death claim. Life settlements can help unlock the value of policies now.
If you're involved in life settlements, you know that your clients use them 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. Provada can help you grow this piece of the business.
We make life settlements easy for you.
Provada has established relationships with over 40 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. 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.
Doesn't this sound like a great fit for your business? By working with Provada, you benefit from the experience we've developed and the efficiencies we have in place.
Contact us today to learn more about Provada's life settlement brokerage solution. We also invite you to visit our life settlement dedicated website at www.provadasettlements.com.
|
