Posted: Thu Jan 31, 2008 3:22 pm Post subject: Real Life Settlements Firm
I would like to introduce myself and also start a discussion about life settlements. I work for a company in Orlando, FL which is Trinity Financial Services. WE are a full service life settlement firm and are THE experts in this area. We have a complete staff dedicated to nothing but life settlements. I know that there are alot of companies out there that claim to be so called experts in this field. This is probably due to the fact that there is very little barriers to entry. Basically, all anyone really needs to do is obtain a life insurnace license in most states to be a life settlement broker. I think is the case for SEVERAL companies trying to do this business. This has become a big problem for those of us who actually know what we are doing. If anyone out there would like to discuss life settlements with a professional who can get the cases closed for you. Also, I am open to explaining the business to anyone who wants to learn more about life settlements. I my contact information is 407-523-1980 at Trinity Financial Services. Thanks and good luck.
I'm sure many will be interested in knowing about the life settlement. Please share some tip off on this topic with us. _________________ Register Now to have your Insurance queries solved.
Hey ThomasLifeSettlements, welcome to the ampminsure community.
Why don't you start participating in the community? It'll help you in gaining visibility and you can also build rapport with the other community members. I'm sure that you will enjoy taking part in the discussions on board. Tk cr.
Yeah, life settlement can be a good option for people facing problem in managing their life policies; also they can gain out of the transactions. But many don't know about this avenue until a financial expert enlighten them about this possibility. Though I don't know much about the expertise required for operating in this specialized field I believe that too much competition can actually affect the quality of the service offered. _________________ Register Now to have your Insurance queries solved.
Posted: Mon Feb 04, 2008 8:57 pm Post subject: Life Settlelements
Thanks...I can tell you that I am here as an outlet for your senior clients. If you currently work with seniors who may have any type of life insurance that is no longer needed (for whatever reason) we can help them get it out to the secondary market to determine if there is indeed value for their policy. We can work with policies with face values from 50K up to any amount of coverage. I can be contacted through my web site if you would like to discuss any cases. Just google Trinity Financial Services LLC. Thanks and good luck _________________ Register Now to have your Insurance queries solved.
Basically a life settlement is a transaction between an insured and a financial firm that buys existing life insurance from high net worth senior clients. These are clients who are typically 65 to 70 yrs old and older. They are normally very wealthy. They usually no longer have a need for the life insurance whether it be all or some of the coverage they currently carry. The reasons vary as to why someone no longer needs their policy but none the less they are getting rid of it. They have a couple of options. They can lapse the policy, they can surrender the policy to the carrier for an amount less the surrender value, or they can shop the secondary market for a buyer. I work with the financial pro's who have a senior book of business. I get my HIPPA authorization signed which allows me to obtain the medical records for the last 5 years as well as any insurance info such as in force illustrations. I send those items out together to my buyers, they in turn determine a life expectancy (LE) on the client and then make an offer based on that LE. They do use several other factors but thats the general idea. The client then can accept the offer or reject it. Typically the offers usually beat the CSV by 2 to 3 times. Thats it in a nutshell. Let me know if anyone would liek to discuss this topic further.
Posted: Tue Feb 12, 2008 3:11 pm Post subject: Your Incorrect.
To try to enlighten you. That is only and simply the State of Texas life settlement brokers license that that particular state requires a broker to obtain in order to do business in Texas. That took place last year. If you are able to read our web site then the actual facts about when we became Trinity would be clear. Trinity had merged with another group about 7 years ago. Thanks and good luck.
