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Life Settlement Attorneys & CPAsThe market emerged as financial advisors and their clients began demanding more options for life insurance policy owners looking to surrender or cancel their policies. A is a creative solution used by financial consultants to help clients dealing with changing estate tax issues, medical bills, unaffordable premiums and other scenarios. By employing the services of a life settlement broker/viatical settlement broker such as IMS Settlements, LLC, you assure your client of settlement bids that reflect a policy’s real market value. IMS Settlements, LLC is a life settlement broker that brings years of experience and industry knowledge to each step of this important process.
Fiduciary Responsibility
When you have a fiduciary relationship with a client, it is always best to inform that client of all available financial options. Even if you do not have a fiduciary obligation to your client, staying informed and giving the best and most complete advice is advantageous both to you as an advisor and to your clientele. To ensure you are acting in your client’s best interests, you may wish to take the following steps on his or her behalf:
- Evaluate your client’s overall financial situation to determine if a life settlement is an appropriate option
- Analyze your client’s probabilities in the life settlement market - Contact Us For Help
- Research the secondary market to select a highly regarded life settlement broker who can deliver institutional funding from a licensed life settlement provider and a high level of service and expertise.
- Secure the highest market valuation possible for your client’s policy. The most practical way to achieve this goal is to obtain multiple offers from a life settlement broker.
What it means to You?
Because a Life Settlement offers clients a new financial planning
tool, Advisors, Attorneys and CPAs involved in Life Insurance, Estate, Tax
and/or Trust practices should incorporate Life Settlements into their planning
strategies to best meet their clients’ changing needs. Mastering Life Settlements
will allow you to attract new high net worth clients while ensuring your client
base does not migrate to firms utilizing Life Settlements. Life Settlements will
allow you to continue to be on the cutting edge.
Due Diligence
Attorneys and CPAs are always encouraged to perform due
diligence as it relates to recommending a Life Settlement to their clients as
a financial planning tool, but they should also perform due diligence on the
brokers and insitutional investors structuring the Life Settlement transaction.
Additionally Attorneys & CPAs should check on the current regualations in the
appropriate state. Efforts to increasingly regulate Life Settlements are gaining
momentum throughout the nation, some states are only minimally involved and some
prefer that the industry continue to police itself. Please contact use directly
for any question regarding regulations and compliance.
When to Consider a Life Settlement
- Premiums are too expensive
- Death of beneficiary
- Client is thinking of letting the policy lapse
- Insurance is no longer needed or has become unaffordable
- Emergency need for capital, or to maintain one’s quality of life
- Changing Estate Planning needs
- Provides capital to purchase a new, more cost efficient Life Insurance policy, a Long-Term Care Policy, or Annuity
- Buy-Sell Agreements, where the owners have retired or the business has been sold
- Deferred Compensation plans, where the covered executive has left the company
- Key-Man policies, when the insured has retired or left the company
IMS Settlements, LLC excels in providing an unparalleled level of service and expertise. We approach every case with dedication and creativity which ensures that the client’s needs are best met every time.
Our Value Proposition to You
- Experienced Experts: Life Settlements are our main line of business and we have helped countless Advisors and Policy Owners in successfully selling their policies.
- Multiple Bids: We have relationships with over 20 institutional funding sources who competitively bid on our cases.
- Highest Bids: We have internal proprietary pricing models wich allow us to determine a policy’s full fair market value insuring policy owners get the most competitive offers.
- Licensing & Compliance: We are licensed in the appropriate States and can help you obtain a Life Settlement license when required.
- Sales Support: We provide you with client presentations, Policy Valuation Reports, marketing materials and advice to help you with every step of the Life Settlement process including developing and executing marketing campaigns.
- Education & Training: We regularly host training Webinars and provide free educational materials. Click here to register for one of our upcoming Webinars.
- Transaction Management: Experienced staff, deal management systems and 24/7 online access to Life Settlement case statuses help to keep you up to date and close deals as quickly as possible.
Advanced Planning Expertise
- Advanced Tax Strategies
- Trust Document Review
- Term Conversions
- 1035 Exchanges
- Replacement Life Sales
- In House Impaired Risk Underwriting
- Annuities
