ATLANTA--(BUSINESS WIRE)--Life insurance settlement company The Lifeline Program today published an interactive, digital whitepaper for financial advisors, estate planners and attorneys titled “How to Offer Life Settlements to Your Clients.” The free guide, available at http://www.thelifeline.com/WhitePaperVol2 offers helpful information on how financial advisors and estate planners can identify clients who are eligible for a life settlement and how to introduce the alternative financial option. The guide also includes links to informative videos featuring the company’s promotional spokesperson Betty White.
In 2012, Lifeline commissioned a survey (performed by ICR) among baby boomers and seniors gauging consumer attitudes towards life insurance and retirement. The study uncovered several findings regarding concerns about financing retirement and the role of life insurance for seniors, but the survey also showed consumers believe financial advisors and insurance agents are responsible for discussing life settlements with clients. In fact, 79 percent of participants felt financial planners and insurance professionals should inform policyholders about life settlements as a financial option.
“As more baby boomers and seniors begin retirement, many of them will simultaneously begin a search for alternative financing options,” said Lifeline Senior Vice President of Market Development and Branding Stephen Terrell. “Life settlements are going to play a much larger role in retirement and estate planning. It’s imperative that estate planners and financial advisors understand how settlements work, the benefits and risks of a settlement, and that they are comfortable discussing settlements with eligible clients.”
“How to Offer Life Settlements to Your Clients” offers several informative articles that illustrate how life settlements can complement current financial planning and estate planning. Chapters encompass a step-by-step description of the settlement process, an explanation of how providers calculate the value of a settlement offer, a brief on insurance agent disclosure requirements and suggested answers to frequently asked client questions.
“We urge anyone with clients who might be overinsured or who no longer need life insurance to view this guide,” said Terrell.
The Lifeline Program is a life settlement provider in Atlanta, Ga. Founded in 1989, the company assists baby boomers, seniors and their families by purchasing unwanted or underperforming life insurance policies for immediate cash. The Lifeline Program actively educates and partners with insurance agencies, estate planners, financial planners and broker-dealers to establish life settlement business lines. For more information on The Life-Changing Solution offered through life settlements, contact Stephen Terrell of The Lifeline Program at 770-724-7300 or visit www.thelifeline.com.