  Certified Public Accountantsl.i.f.e. Long RelationshipsCPAs should educate themselves about Life Settlements as the growing secondary market for life insurance is providing some outstanding opportunities not only for seniors with a high net worth, but also for corporations and charitable organizations. For Those Serving High Net Worth Seniors…There are a variety of factors that could lead a CPA to determine that Life Settlement is a prudent financial strategy for a high net worth client aged 65 or older. The most common reason for seeking a Life Settlement is simply to use the proceeds to finance a new life insurance policy with a lower premium. In many cases, today’s more competitive rates mean the settlement proceeds can reduce or in some cases zero out the annual premiums entirely, often at the same amount of coverage as the original policy. Other uses for the proceeds from a Life Settlement may include:
For Those Serving Corporate Clients…Often during mergers and acquisitions, “key man” life insurance policies are overlooked as a source of additional revenue. Occasionally, the financial advisors for the acquiring business may not even be aware of the existence of such policies for departing executives. Even when policies are known to exist, unneeded “key man” policies are simply allowed to lapse after the merger or acquisition had been completed. Yet, a significant number of these policies are eligible for a Life Settlement. Before allowing such policies to lapse, contacting a firm with experience in the Life Settlement market may result in a significant financial windfall for the acquiring company. For Those Serving Charities…Increasingly, life insurance policies are being utilized as charitable gifts. CPAs who assist charitable organizations should be aware that such policies may be candidates for settlement in the secondary market — resulting in an immediate financial gain for the charity at the same time as it releases the charity from any obligation to pay further premiums. We Look Forward to Teaming with YouAshar Group, LLC is a recognized leader in the field of Life Settlements. Our dedicated team of licensed professionals has been active in the secondary market for life insurance since its inception. As an industry innovator, our comprehensive range of services includes an in-house medical director and legal counsel, allowing us to handle all facets of the settlement process. Typically, this means we can complete the process in a shorter time period and with less paperwork. Our independent status, competitive bidding process, years of negotiating experience, and solid relationships with multiple funding sources ensure the highest valuations for your client’s life insurance policy. |
