A life insurance policy can be a valuable asset that is utilized by attorneys and estate planners, to provide clients with financial and estate protection. As an attorney or estate planner, your heightened awareness of this beneficial tool will command the respect you deserve from your clients as a well-informed and practicing professional.

A life settlement is a great way to improve upon an estate plan, or to fund a charitable giving program. As a charitable gift, your clients could receive a substantially larger tax deduction when utilizing a life settlement. By donating coverage already in force, your clients may realize the “true” value of their life policy, greatly increasing their gift to the charity of their choice. As an estate plan supplement, a life settlement can liquidate a policy which is no longer needed, providing funds for other purposes in the estate plan.

A life settlement also has practical applications for attorneys who represent businesses, charities, foundations, educational institutions, and for family law and bankruptcy attorneys. See the Policyowners section of this website for specific uses.

By becoming familiar with the wealth of life settlement options, you as an attorney or estate planner are also increasing your value to your clients. This enhanced knowledge will enable you to be proactive for your clients when it comes to counseling them in regard to their changing needs and finances.

While the scenarios in which life settlements provide new solutions are many, they share a common denominator: attorneys and estate planners must be fluent in life settlements, both in the fundamentals and the options they represent.

The number of seniors turning to life settlements is increasing at an unprecedented rate. Though that should come as no surprise when you realize that they provide seniors with a level of liquidity that will often far exceed the policy’s cash surrender value.

Contact us directly to learn how we can work together as a team on behalf of your clients.