Life Settlements - Advanced Settlements, Inc. – Leaders in the Life Settlement Industry

CPA's

The growing life settlement marketplace is a new frontier for CPAs who serve both affluent seniors as well as corporate clients. In addition, many CPAs serve as advisors to charitable organizations that accept donated life insurance policies. Thus, it is important that CPAs have an understanding of the product and its applications in each of these situations.

Life Settlements for High Net Worth Seniors
As financial gatekeepers who are often faced with wealth management issues for high net worth seniors, CPAs are in a position to recommend the financial empowerment provided by a Life Settlement.
If you are currently working with senior clients who purchased policies issued three years ago or more, chances are you can save your clients sums by using the proceeds of a Life Settlement on the original policy to purchase a new policy with similar coverage – and in some cases zero out the annual premiums entirely.

It is important that CPAs understand the value that a Life Settlement can provide in terms of assisting their senior clients with estate planning decisions that enhance the senior’s financial portfolio. You might be asking how a Life Settlement can provide financial empowerment?

In addition to providing an exit strategy from a more expensive policy, Life Settlements can also provide the solution to other financial planning objectives.

Examples include:
• Providing liquidity for other investments
• Freeing up cash
• Facilitating charitable giving
• Enabling cash gifts to family members
• To finance long term care

Business Applications for Life Settlements
In addition to assisting senior clients with Life Settlements, CPAs will want to be aware of the business applications for Life Settlements. Some experts would suggest that as the economy improves, the pace for mergers and acquisitions will increase. In the case of a buyer considering the purchase of another company, part of the due diligence process should involve an evaluation of "key man" life insurance policies on departing executives.

It is often the case that such "key man" policies are permitted to lapse because the M&A attorneys or CPAs were not aware of their existence - let alone the fact that they could qualify for a Life Settlement. Furthermore, life settlements can often be used to enhance severance or retiree packages.

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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.