(PRWEB) April 27, 2011
Manhattan Beach, CA (PRWEB) April 26, 2011 -- The life settlement industry is positioned for one of its strongest years in recent memory. While the secondary market for life insurance has suffered over the last couple of years due to the struggling economy and lack of capital, optimism remains high. Chris Ledlie, CEO of Opulen Capital, assuredly states, “The industry as a whole has seen a vibrant recovery and the worst is certainly behind us. We’ve seen many buyers return to aggressive bidding which has had yielded extraordinarily positive results for our clients” http://www.opulencapital.com/blog/life-settlement-industry-poised-exceptional-year
Much of the renewed enthusiasm is due to a direct focus on life settlement transparency and disclosure due to increased regulatory actions, better industry practices, and meticulous underwriting. The enforced regulatory measure has Clark Hogan, Managing Director of Opulen Capital, believing that the Life Settlement industry is once again a viable market option. “The regulatory actions of individual Departments Of Insurance are very encouraging to those of us in the life settlement industry. These actions serve to control the industry, push out the bad actors, instill greater confidence in institutional investors who plan on purchasing life settlements, and create a better experience for the financially distressed or overinsured senior citizen. “
Reasons for industry optimism are bolstered by the fact that an average of 10,000 baby boomers will turn 65 every day over the next 19 years, resulting in a dramatic increase in potential customers in need of making the most of their life insurance premiums.
With this age shift in the population, life settlements will only grow in popularity and functionality. Baby Boomers have had to postpone retirement because of the recent financial downturn and housing crisis and are looking for creative ways to raise cash; utilizing a life insurance policy settlement can sometimes be a better alternative to taking cash out of a life insurance policy to finance their retirement lifestyle.
Citing these solid industry fundamentals, the Life Settlement industry is poised for tremendous growth heading forward. As the recession comes to an end, the industry’s future is as promising as ever.
ABOUT OPULEN CAPITAL
Opulen Capital is a specialized financial service firm focusing on the life insurance needs of senior citizens. Opulen Capital's products and services are tailored to the needs of its valued clientele. With over 30 years of combined experience, Opulen Capital provides an extraordinary level of experience and professionalism for its customer base.
If you would like more information about this topic, or to schedule an interview with Clark Hogan, please visit http://www.OpulenCapital.com, call Opulen Capital at (877) 678-5361, or email Clark at Clark.Hogan(at)OpulenCapital(dot)com.