3 Questions with a Top Life Settlement Broker

We we glad to speak with Roy Shellhammer, a top life settlement broker.

LSB: How is the current Life Settlement Industry?

Roy: It is a huge buyers market. For the firms that have funds they are really cherry picking the best policies and offering the lowest amounts.

LSB: Are you seeing more or less consumer action?

Roy: We are seeing a large increase in consumer activity. The only problem is that we have to pre-screen policies a lot stricter. Brokers have costs associated with processing files so we have to turn down a lot of potential clients.

LSB: Do you think new regulations will have an effect?

Roy: We are looking forward to more licensing and regulation. Not only will this add more legitimacy to the industry, but we will feel it will also add more positive exposure to the industry.

Thanks, if you need brokerage services, call Roy at 1-888-973-8377.

Shop a Policy with a Life Settlement Broker

A Life Settlement Broker is the best way to get exposure for your policy or for your client's policy. Just verify 3 things before working with a Life Settlement Broker.

1. Make sure they are either licensed in your state or can do business in that state.
2. Make sure there is not cost associated with them shopping your case.
3. Verify there is no obligation to accept their offer, if they are able to obtain one.

If you want to start shopping your policy now, simply call 1-888-973-8377.

You can also do more research at Life Settlement...

New York Life Settlement Update

Here is your New York Life Settlement Update...

New York Gov. David Paterson issued a statement today announcing the appointment of Wrynn who will replace Eric Dinallo. Dinallo stepped down last month, amid speculation that he may run for state attorney general.

In Dinallo's absence, Kermitt Brooks has been serving as acting superintendent. Brooks will resume his No. 2 position in the department as first deputy superintendent.

Brooks has been instrumental in drafting life settlement legislation this year, which has met resistance from the settlement industry. The life settlement bill passed the New York state Assembly in June.

As of now, we do not know exactly what licensing Life Settlement Brokers will need to do busines in the state of New York.

Life Settlement Online Broker

Become an online Life Settlement Professional

EMPLOYMENT: To become a facilitator of life settlement transactions you must bring buyers and sellers together to exchange life settlements in an online auction environment.

POSITION: Successful sales representatives for a Life Settlements company must operate in several territories throughout the United States. You will need to become a dynamic leader to reach new audiences.

RESPONSIBILITIES- Individuals hired will be responsible for:
• Cultivating leads with estate planners, CPAs, financial advisors, consumers, and personal contacts.
• Proactively develop new customer contacts and avenues for locating policies to list on our exchange.
• Assist the exchange as we list our client’s policy for auction.
• Be knowledgeable with our exchange and the life settlement industry.

COMPENSATION- Salespeople will be compensated through commission. Great salespeople can reasonably earn in excess of $125,000 annually with no cap.

QUALIFICATIONS: A successful candidate must have at least 2+ years of experience in sales, preferably within the financial or insurance arena. Candidates must be good communicators, self-disciplined, positive, energetic, persistent, and possess a strong ethical foundation. Should also be PC and software literate.

Life Settlement Broker Marketing Kit

Many life settlement brokers provide informational and marketing kits to agents, financial professionals, and other professionals who either are currently offering life settlements or would like too.

Brokers make sure to provide applications, worksheets, case examples, testimonials, articles, overviews, and other marketing tips and files.

The Life Settlement resource can provide a free marketing kit. Simply click the banner below and a broker will verify your information and mail you a kit. It is that simple.



More resource can be also found at Life Settlement Marketing...

Life Settlement Broker Technology

Life Settlement Brokers take advantage of technology to speed processing, offers, and case closings. Here is a sample of some technology features.

Spreadsheet Medical Record Tracking - Acquiring medical records are commonly tracked through a spreadsheet method to gauge the amount of time records will take to arrive and also to ease the follow up procedure to make sure all records are received.

Bulk Scanners - Bulk page scanners are used to convert paper to electronic format which greatly increases processing and exposure of the life settlement case.

Parameter Matching Software - Many brokers use parameter matching technology to quickly factor which funders/providers are looking for specific type of policy.

Networked Database - Divisions within the broker can access network to supply requested documents from the funders to speed up the underwriting and offering turn around.

Other technology includes, automated web tracking for agents, automatic email updates, other electronic processing of additional information (LEs, Illustrations, etc..). This will be discussed at a later date.

If you are looking for a list of brokers visit the Life Settlement Companies page over at Life Settlement Info.

Life Settlement Broker

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

Life Settlement Broker Calculator

I visited Life Settlement Info today and I see that they built in a new Life Settlement Calculator, this tool will be extremely useful for individuals and financial professionals who can can get a general idea of what their policy might be worth before submitting it to a broker.

Life Settlement Info also helps visitors, consumers, and financial professionals pick a reliable, trustworthy, and licensed Life Settlement Broker. Simply call them at 1-888-823-7764.

If you would like to talk a broker immediately, call 1-888-973-8377.

Life Settlement Brokers help investors

Not only do Life Settlement Brokers benefit the clients who are the selling their policies. They also help out life settlement investors and providers by being able to provide a wide range of policies matching many different purchase parameters.

Senior policy owners benefit greatly when a Life Settlement Broker is assisting them with the sale of their policy. Not only are they presenting the policy to numerous different purchasing companies, they are also leveraging offers to gain the highest offer for the consumer.

On the other side of the fence, because brokers work with a large number of policies, they are able to match parameters for investors. A life settlement broker can match the needs of an investor by reviewing their current policy flow and presenting the policies that the investor is targeting.

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

Also feel free to visit the below links:
Life Settlement Broker - RTG Consultants will work and broker to get the highest offer for your life insurance policy.
Life Settlements - LifeSettlementPro.com are a group of Life Settlement Professionals that works with clients and financial advisors.