Attorneys

Because a Life Settlement offers the client a new estate planning tool, attorneys involved in this area of practice should become familiar with Life Settlements within the range of options available to meet their client's changing needs. Because a Life Settlement transaction removes the life insurance benefit from the original beneficiary's estate, counsel will want to evaluate the probate and estate considerations arising from the transaction.

Due Diligence

Not only will attorneys be encouraged to perform due diligence as it relates to recommending the Life Settlements investment option to their client as an estate planning tool, but they will also be expected to perform due diligence on the brokers and firms handling the Life Insurance Settlement transaction. Although efforts to regulate Life Settlements are gaining momentum throughout the nation, we find that some states are only minimally involved and some prefer that the industry continue to police itself.

Advanced Settlements can help

• We can assist estate and tax attorneys in matching their client's policy potential.

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© 2001-2008 Advanced Settlements, Inc. All Rights Reserved.
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 an authorized broker or producer in all states where life settlements are regulated, except Montana.Pat Summerall and his experience with life settlements may not be representative of other clients. Mr. Summerall’s representation does not imply or guarantee any particular performance returns. Mr. Summerall was compensated for his endorsement.Location and mailing address: Advanced Settlements, Inc., 2101 Park Center Drive, Suite 220, Orlando, FL 32835. 1-800-561-4148. The Advanced Settlements, Inc. Website is currently not approved in the states of Oklahoma.