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Can Your Clients Benefit from the Secondary Market Value of Their Life Insurance?

If your advisory or fiduciary responsibilities prompt you to ask this important question when evaluating your client’s financial options, working directly with LCX Life could be a helpful move for your organization.

As many as 10,000 retiring baby boomers turn 65 years of age every day! For professionals in the financial services industry that serve this growing market, the incentive (and pressure) to provide comprehensive services is great. LCX Life is a leader in the life settlement marketplace, advancing the industry with innovative products and services geared to address the specific challenges of aging and impaired health in retirement years.

Working with LCX Life provides you with the tools and expertise you need to inform and educate your clients about life settlements, and to consider them as a viable and superior alternative than lapse, or surrender of a life policy.  When you refer your clients to LCX, we will take care of all the steps in the process from initial intake to policy sale.  Our referral fee program ensures that we are working together on common goals.

Join us and become part of our network of financial experts!

Insurance agents, financial advisors, lawyers, accountants, and long-term care industry service providers have turned to LCX Life to help identify life settlement cases that can be of significant financial benefit to their clientele.  Join our referral fee program today!

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What types of policies qualify for a life settlement?

Life settlements can work in many different situations.  Typically, the following criteria are required for your clients to qualify for a life settlement:

  • Any type of life insurance policy qualifies – universal, whole, variable, term (whether convertible or not), survivorship and indexed life
  • Policy face values (death benefit) of $50,000 to $50,000,000
  • Insureds aged 70 and older
  • Any health conditions (the younger the age the more impairments will increase the likelihood of an offer)

What to look for when selling a policy.

As a fiduciary, you have several important issues to take in to consideration when determining what is best for you and your client.

  • Which state law will apply for the life settlement?
  • Is the broker/provider licensed in the states I plan on engaging in the transaction?
  • Are the broker’s/provider’s goals in line with that of my client(s)?
  • What is the source of funds of the ultimate buyer of my client’s policy?
  • Do the broker/provider policies and procedures ensure that my client’s identity is safe?

The secondary life insurance market has created a new financial product and an opportunity for financial advisors, insurance agents, accountants, and attorneys to reevaluate their clients’ financial options.

With our educational tools, supportive, knowledgeable, and available staff assisting you at every turn, getting started with our referral program is easier than ever.