Life Asset Consultants Announces Free Life Settlement Quotations for Advisors

Redefining Life Insurance and Fiduciary Responsibility, have you checked your Insurance Company Credit Ratings Lately?

(PRWEB) November 13, 2008 -- Insurance and financial advisors should update and meet with their clients if the carrier credit rating has changed since they issued their clients policy. Given the recent market turmoil, advisors should evaluate clients existing policies and may consider presenting life settlement as a cash-out option for the client if the carrier no longer meets the client's tolerance for risk and safety.

The buyers of in force life insurance polices within the secondary market are transforming the financial services industry. The dynamic change in the available options for cashing out a life insurance policy expands the fiduciary responsibility of agents, attorneys, estate planners, CPA's and wealth managers.

It is the responsibility of the agent, as the trusted advisor, to maximize every client-owned asset. The agent must fully apprise their client of all available options while simultaneously communicating the impact each option will have on the client's investment portfolio and wealth management strategy.

Educated advisors must think creatively during these uncertain financial times. Savvy advisors can create options for their clients by testing the secondary market. Advisors need to determine the pros and cons of surrendering a policy for the cash value versus allowing the policy to lapse with no return on the client's investment.

It's a triple win situation for the policy owner. By liquidating the asset, the policy for an amount higher than the policy's cash surrender value, the client receives a lump sum cash pay out. Not only is there immediate relief from monthly premium payments-the under-performing asset can be redirected to another investment vehicle, used for supplemental retirement income or used for charitable or legacy gifting. win summary:

1 - more cash often three to four times the CSV value

2 - no further premium payments,

3 - flexible investment options for the client to consider.

As an advisor, how do I win?

A competent advisor fulfills their fiduciary responsibility by presenting all options to the client. The settlement offer often generates two to three times the cash surrender value. You WIN when the client elects to use you to fund an annuity or another type of investment and you WIN again while the policy continues to generate annual premiums.

How do I offer my clients policy for life settlement? The advisor should align his client with an experienced and trusted advisor-a licensed life settlement broker. Some attributes to look for:

• Proven track record and industry experience, with a life settlement business focus

• Confidential treatment of clients' medical and personal information

• Broker with high quality relationships with numerous (30+) providers and funding sources

• Broker with a 100% transparent bidding process - this insures competitive & multiple offers

• Closing document with all required documentation provided - total transparency

FMV and highly competitive offers are the single focus of the life settlement broker. To ensure this process is followed, the contracted broker must be tightly aligned with multiple funding sources, hedge funds and investment banks. Verify that the broker has quality relationships with:

• Providers - funding sources who buy policies

• Institutional investors

• Investment banks

• Hedge funds

• Insurance companies

Top tier life settlement brokers perform an extraordinary amount of due diligence to ensure the policy owner receives multiple bids, while simultaneously negotiating highly competitive bids for their client to consider. Experienced brokers only accept bids from entities that are ethical and will follow through by honoring their offer on the agreed upon closing date. No lowering of the bid offer and no delay in the closing process.

The secondary market provides a free market ensuring that the policy owner, your client realizes Fair Market Value for their negotiable life insurance asset. That is a win for everyone. Research additional Life Settlement options at http://www.cashoutmylifeinsurance.com

Kevin Cooley is President of Life Asset Consultants, Inc., an independent licensed broker

CA OF79567 and regular contributor to http://www.lifesettlementtips.com.

Contact information - kevincooley @ lifeassetconsultants.com O: 949.733.3332 C: 949 436 0079

http://www.lifeassetconsultants.com

ABOUT: Life Asset Consultants is a registered California firm, with affiliate offices in Seattle, Chicago and New York specializing in providing exceptional client transparency and confidentiality for life settlement offers.

Press CONTACT:

Contact Person Chris Curie

Company Name Life Asset Consultants

Voice Phone Number 877-585-6463

FAX Number 888-739-6755

Email Address chris.curie@ lifeassetconsultants.com Minus the space

Website URL http://www.lifeassetconsultants.com

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