Life Settlement Brokers trying to match funds with new policies

The credit crunch has a lot of life settlement brokers working harder to find available funds for a wide range of parameters. Some investment groups and hedge funds are fleeing the industry or scaling back funds which is leaving brokers with a tough of job of finding purchasers for their clients policies.

An example is: Capital to purchase life-insurance policies is less plentiful than it was just a few months ago. Hit by the credit crunch, some big investors in life settlements, including hedge funds such as London-based BlueCrest Capital Management, have dropped out of the market or are limiting their purchases, industry observers

At National Financial Partners, a nationwide network of advisers specializing in life insurance, executive benefits and financial planning, commissions and fees from life settlements fell 28% in the first nine months of the year. BlueCrest didn't return a call for comment.

Brokers will continue to find funds but policy owners need to realize offers are going to be a little lower than previous levels. This also has to do with the life expectancy underwriting changes.

Call 1-888-973-8377 to speak with a Life Settlement Broker.

Read the full article from the Wall Street Journal:
Source of Cash for Seniors Drying Up