Estate Planners

The secondary market for life insurance policies is providing estate planners with an additional tool to serve their high net worth senior clients: Life Insurance Settlements. As estate planners develop strategies to ensure that assets are transferred in accordance with the wishes of their clients, they are faced with many questions such as:

• How to ensure that a family business stays in the family
• How to ensure that each beneficiary’s specific needs are met
• What taxes will the beneficiary of the client’s life insurance policy have to pay?
• What is the client’s wishes regarding charitable giving?
• Has the client’s circumstances changed to the extent that a life insurance policy is no longer necessary?
• But perhaps the most important question is:
“Would the proceeds from a Life Settlement help the client provide more effectively for the distribution of their estate?”

Due Diligence

Not only will estate planners be encouraged to perform due diligence as it relates to recommending senior Life Settlements to their clients as a financial planning tool, but they will also be expected to perform due diligence on the brokers and firms handling the Life Settlement transactions.

Working with Advanced Settlements

Advanced Settlements is a national leader in the Life Settlement marketplace. The principals have specialized in providing this unique service since the inception of the industry in 1998, and currently are members of the Life Insurance Settlement Association.

We are dedicated to offering estate planners and policy owners with the highest levels of service. Our network of funding partners coupled with our volume may help promote the highest value for the client’s life insurance policy.

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© 2001-2011 Advanced Settlements, Inc. All Rights Reserved.
This website is intended for insurance and financial professionals only, and not for use for the general public. 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 January 1, - November 30, 2011) is on average approximately thirteen 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. Advanced Settlements does not give legal advice and clients should consult with a legal advisor prior to entering into a life settlement. 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. Advanced Settlements, Inc. is a subsidiary of National Financial Partners Corp (NFP). National Financial Partners Corp. and its subsidiaries do not give tax or legal advice. Advanced Settlements, Inc. (or its principals) is an authorized broker or producer in all states and territories where life settlements are regulated, except Alaska, Montana, New Hampshire, Puerto Rico and Vermont. Location and mailing address: Advanced Settlements, Inc., 2101 Park Center Drive, Suite 220, Orlando, Florida 32835. phone: 1-800-561-4148. Advanced Settlements, Inc's web site is currently not approved in the states of Idaho, Iowa, Louisiana, Oklahoma and Texas. Therefore, until such approval is granted, the information contained herein is not intended for those states' consumers.