Did you know?
Nine out of 10 life insurance policies never result in a death claim. Life settlements can help unlock the value of policies now.
There are many reasons why a life settlement might be a logical, suitable, and profitable option for a policyholder. Whether the insurance is no longer needed, better coverage is being sought, or there is a divorce or business change, a life settlement can usually provide more funds than if a policy is just surrendered. And thats a huge benefit to seniors everywhere.
Life settlements have become a viable and more profitable alternative to surrendering, lapsing, or exchanging policies. According to industry reports, the total value of life insurance policies held by senior citizens is $500 billion. This year alone, the industry is expected to produce $8 billion in life settlement sales. Provada can help advisors grow this part of their business while ensuring seniors unlock maximum value for their policies.
We make life settlements easy for you.
Provada has established relationships with over 40 different life settlement providers. When other brokers fail to obtain a fair settlement offer, were able to take advantage of institutional relationships and our experience as a life insurance broker to produce superior results. In addition, about 50% of settlements are done with the issuance of a new life policy. We can coordinate the underwriting and implementation of the settlement and new policy to make sure everything gets handled correctly and on a timely basis. We go the extra mile to negotiate the highest possible amount.
By working with Provada, advisors benefit from the experience weve developed and the efficiencies we have in place. And seniors can have piece of mind and be assured their interests are being represented honestly.
Contact us today to learn more about Provada's life settlement brokerage solution.
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