Life Settlement for Advisors

Beyond traditional income sources, there's a hidden asset you might be overlooking: your life insurance policy. If your policy is no longer needed or the premiums have become a burden, a life settlement could turn it into a significant cash infusion, offering you greater financial security and peace of mind.

This blog post explains the recent changes in tax treatment for life insurance policy sales, specifically the elimination of the cost of insurance (COI) adjustment from the cost basis calculation. This benefits policy sellers by potentially reducing ...

If you're a financial advisor with senior clients, it's important to be aware of the life settlement option. Life settlements can be a great way for seniors to generate immediate cash and eliminate an annual expense.

Financial advisors have a fiduciary obligation to act in their clients' best interests when selling a life insurance policy. This blog post discusses the five primary benefits of working with a licensed life settlement broker to maximize the sale pri...

As 2023 winds to a close, the economic data shows that seniors have faced challenging circumstances over the past 12 months. The prolonged inflationary environment has been tough for those living on fixed incomes, as the prices of everyday items have risen significantly from just a couple of years ago.

Financial advisors often make the mistake of taking their clients' life insurance policies directly to life settlement providers, which can result in lower offers for the policyholders. This blog post discusses the five primary risks of taking a clie...

Don't make the mistake of surrendering your life insurance policy to the insurance company. Life settlements can provide you with a much higher payout. Contact Welcome Funds today to learn more about your options.

There are numerous suggested ratios for how much of a retirement budget should be spent on various categories, but how does this spending breakdown in practice? A deeper dive into the BLS survey findings, published by MarketWatch, offers some important lessons:

John purchased a 10-Year Level Term Policy at age 59 to provide his wife with financial security. Ten years later, John and his wife were faced with the decision to convert the policy into permanent coverage at a cost of $35,825.00 per year or pay ...

The financial services industry and the country overall, even with variants of the virus becoming more prevalent, are more optimistic than ever that a return to “normalcy” is obtainable in the short-term. To that end, the Welcome Funds team has identified five developments for financial advisors to monitor as we continue through ...

A financial advisor working with a retired client will routinely review his assets and liabilities to help him achieve his personal goals.  Such goals include generating cash flow for retirement funding, supporting charitable giving interests, or le...

Life insurance agents, financial advisors, estate planners, and other fiduciaries fulfill a unique role as trusted professionals to individuals who seek financial protection for their families and/or their estates.  This role, in part, provides a pr...

Most investors in the stock market understand the danger of “market timing” — trying to choose the right day to buy a stock when the price is low and sell it when the price is high.

Consumers who sell their life insurance policies in the life settlement market receive as much as seven times more money than they would have received by surrendering their policies back to the insurance companies.  Seven times!  However, an estima...

Most professional advisors who explore the potential sale of an unwanted life insurance policy on behalf of their clients will rely on the assistance of a licensed life settlement broker. Life settlement brokers represent the policy owner in the tran...

Professional advisors with clients who no longer need or wish to maintain a life insurance policy have options when exploring the secondary market.  Many advisors prudently rely on a licensed life settlement broker to assist them in the sale of the policy and with all aspects of the transaction.  However, there is still a large num...

When a professional advisor identifies a life insurance policy that a client no longer needs or wishes to maintain, he should ask, as standard protocol, whether that policy may have value in the secondary market. If so, the client may be able to sell...

All eyes in the life insurance agency and the financial advisory world have been on New York, where in the summer of 2019, the New York State Supreme Court paved the way for implementation of Insurance Regulation 187.  This rule imposes a new standard for agents and brokers when issuing a recommendation to a client regarding an annu...

Traditionally, estate planning advisors counsel their high net worth clients to obtain life insurance policies with large death benefits. The strategy is simple: create a vehicle for heirs to receive tax-free income at the time of an insured’s passing so sufficient funds are available to pay large estate tax bills when assets are i...