by Derek W. » Mon Oct 06, 2008 06:03 pm
Hello Everyone,
My name is Derek. I am new to this insurance community. I'm here to give and get advice and am looking forward to doing both. I work in the life settlement industry and speak with agents on a daily basis. I would love to gain a better understanding of the agent's point of view and would be more than happy to answer questions regarding the life settlement process. Feel free to message me.
My name is Derek. I am new to this insurance community. I'm here to give and get advice and am looking forward to doing both. I work in the life settlement industry and speak with agents on a daily basis. I would love to gain a better understanding of the agent's point of view and would be more than happy to answer questions regarding the life settlement process. Feel free to message me.
Posted: Thu Mar 26, 2009 09:06 am Post Subject: insurance
but I forgot, all agents are scam artists, right SD?
NOPE..not ALL of them. However, I'm not TOO impressed with some of the Insurance Agents on THIS forum. JUANITA.......thank you,!..you clarified the issue very well!!Posted: Thu Mar 26, 2009 09:38 am Post Subject:
hi sdchargersfan
I gave sarcastic remark on akhilesh comment. I am completely agreed with Juanita's point & your opinion too & >> However, I'm not TOO impressed with some of the Insurance Agents on THIS forum <<.
In fact Owner cannot transfer his life insurance to somebody else. Only txn is possible is assignment which is transfer of rights and benefit conditionally or without conditions. And Life settlement is one of those transaction (txn) on policy if available.
Posted: Thu Mar 26, 2009 12:47 pm Post Subject:
Okay, if that's the case then I've a question....why would one prefer life settlement over cash surrender if it won't fetch you higher value than the surrender value? One may get around the same amount as surrender value on a sufficiently old life policy.
~Jeremy
This would be for a term policy with no current cash value. It is much tougher to find a valid life settlement on someone with a cash value (i.e. permanent) policy because their insurability is already locked in and the policy is probably guaranteed forever. There would have to be a reason they want to sell the policy instead of keep it, which is tougher to find than someone who just wants to replace their policy and was planning on dropping the old one. A lot of life settlements are done on term policies that are converted to UL and the person selling the life settlement uses the proceeds to buy a new life insurance policy (either term or UL).
NOPE..not ALL of them. However, I'm not TOO impressed with some of the Insurance Agents on THIS forum. JUANITA.......thank you,!..you clarified the issue very well!!
Then perhaps you should go get your insurance licenses and educate the board on how things REALLY work, rather than coming into posts where people ask questions about insurance and answering them as if you DO have a license and are qualified to speak about them, even though you aren't.
Posted: Fri Mar 27, 2009 06:56 am Post Subject:
hi dgoldenz,
Aren't you read my response to "sdchargersfan ".
It very easy to say by bold red letter that you are wrong? You may be expert in topics discussed but still I advice you to read complete threads and discussions before giving your noble & polite comments to anyone.
Posted: Fri Mar 27, 2009 09:45 am Post Subject: insurance
It's obvious, from ALOT of the Insurance posts ( and the Insurance Agents know who they are), that the 'Agents' are in the Insurance field ONLY for the money THEY would make from this. If the Insurance Agnets are answering my questions with clarity.., of course I'm going to thank them!! SOME Insurance policies I DO know about from working with my 'Clients'.
Posted: Fri Mar 27, 2009 01:20 pm Post Subject:
It's obvious, from ALOT of the Insurance posts ( and the Insurance Agents know who they are), that the 'Agents' are in the Insurance field ONLY for the money THEY would make from this. If the Insurance Agnets are answering my questions with clarity.., of course I'm going to thank them!!
Of course agents are interested in how much money they will be making - isn't nearly everyone who has any job concerned about their income? That is not to say that insurance agents are all out there ripping off clients to line their own pockets. You seem to assume that just because an agent can sell a large policy and make a good commission that they have no interest in helping other people. If you talk to any agent who has been in the business for several years (not a newbie who will flake out), you would probably find that most are in the business because they enjoy solving people's problems and HELPING them structure their plans correctly.
SOME Insurance policies I DO know about from working with my 'Clients'.
From most of your posts here, it's quite clear that you really don't know what you're talking about and should NOT be offering advice as if it's fact or could be construed as fact.
WALLE - I'm not quite sure what you're referring to....can you elaborate?
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