How do insurance agents and brokers benefit from life settlements?
Not only are insurance agents that introduce their clients to life settlements helping their clients access valuable money, but they also profit from the life settlement. Commission is derived from the continued payment of premiums, the purchase of new policies with the proceeds and the term conversion if applicable. The secondary market for life insurance is not only keeping existing policies in force, but life settlements are producing cash for the purchase of new life insurance policies. • Continue to earn renewal commissions on the existing policies that might otherwise lapse • Earn commissions on new life insurance policies sold to replace the old policy. • Earn conversion commissions on converted term policies that are purchased in life settlements. • Earn commission on long term care products purchased with the proceeds of a life settlement. • Earn fees for investing the proceeds of a life settlement in other investments or annuities. • Most importantly, you’ve acted in your cli
