ORLANDO, Fla., Oct. 6 /PRNewswire/ -- Advanced Settlements, Inc., a national leader in the life settlement marketplace, announced they are now accepting small face life insurance policies with a face value of $50,000 and up. "Until now, seniors with smaller policies would have been excluded from the benefits of the secondary market," said Scott Kirby, Co-President of Advanced Settlements, Inc. "There is no reason a senior should not be completely aware of all their options, especially when a life settlement may be the best viable option for them."
Requirements to have your case considered for our Small Face Program:
-- Clients ages 65-90
-- $50,000 minimum face amount
-- Application
-- Insured/Owner authorization
-- Simplified underwriting questionnaire
Click on the link below to gain access to our Life Settlement Learning Center which features our small face policy program as well as many other educational marketing materials. http://www.advancedsettlements.com/assets/pages/resourcepage.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. With the shift in learning patterns and the prevalence of technology, administrators and educators can now find online learning available virtually everywhere.
About Advanced Settlements
Founded in 2000 in Orlando, Florida, Advanced Settlements, Inc. is a national leader in the life settlement marketplace. Advanced Settlements, Inc. has transacted over $5.5 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 http://www.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.
Website: http://www.advancedsettlements.com/