When considering a Life Settlement,  it is important to ask yourself one important question.

What’s the net payout from my settlement?

An important factor to consider during your settlement negotiations is what you’ll keep after taxes. A life settlement is the sale of an asset, a taxable event. Taxes are currently in discussion with regulators, but currently most individuals are following 3 different steps.

• You are not required to pay taxes on the premiums you’ve paid since you’ve owned the policy

• You owe ordinary income tax on the difference between premiums paid and the cas surrender value.

• You pay capital gains on the amount by which the payout exceeds the cash value — which is likely to be most of the settlement depending on how long you’ve owned the policy and how much premium has been put in.

Understanding the tax implications will better prepare you for the net amount you will receive from settlement.

If you have questions, please call the toll free help line at 1-888-823-7764

This is news geared towards funders, providers, funds, and asset maximization companies. It is related to the industry so I saw the need to share here.

Model Actuarial Pricing Systems L.P. has released MAPS Portfolio Edition 4.2, a new version of a life settlement portfolio valuation model.

MAPS, Schaumburg, Ill., is making the new version available to all new and existing MAPS Portfolio model customers.

Changes include the addition of a tool for appending new policies to an existing portfolio; new portfolio expense handling features; expanded cash flow reporting; and a revised actual claim reporting feature.

Found this on the State of New York Insurance Department Website, it looks like they are categorizing viaticals and life settlements on a different level. We will see if thier new regulation proposals will have an effect on this.

In order to work as a viatical settlement broker in New York, one must comply with Article 78 of the Insurance Law, which includes a licensing requirement at Insurance Law § 7801(d). See OGC Opinions dated March 17, 2004; November 14, 2001; and April 21, 1999.

Because brokering a sale of individual life insurance contracts by owners to third parties does not meet the statutory definition of viatical settlements, life settlement brokers currently require no license in New York. However, if proposed life settlements legislation is enacted and signed into law, a license would be required.

More info will come, in the mean time keep checking back at:
New York Life Settlement
New Jersey Life Settlement

This is a question that not many professional, agents, and brokers address. Well, now is the time.

As you have seen in the last year with the growth of Google, Facebook, Twitter, etc.. consumers and potential customers can quickly research an individual or company with relative ease.

A life settlement transaction can be a very important event to a senior policy holder, family, and even the agent representing them. It is important to make sure you have the credibility and can prove this credibility to potential clients.

You might ask, Well how do you do that? There are numerous ways through trade publications, BBB, etc.. but one of the quickest and easiest routes is via the Internet. Everyone is using the web for research, business, and to find out more about you. Have you ever heard the term, “Google him/her” or “Google Me”. Well this is where someone will usually type your name or business name into Google, and usually will add the type of product they are researching.

So for me, someone might type “Grant Shellhammer Life Settlement” , I have numerous articles, web pages, etc.. that come up via the search. People will know that I am in the industry and can assist them with their needs. Where does your name show? Does it even come up?

Here is where we can help. A lisiting on LifeSettlementInfo.com, can give you instant credibility and exposure in the Life Settlement Industry. Our site already has the rankings and pages listed  in Google. We can get your site added with 24-48 hours which should increase your exposure within 5 days. Give me a call 1-888-249-0399, I would be glad to answer any questions and provide some additional examples.

Don’t delay, every case matters and if a client is trying to make a decision about using your services versus another companies, make sure the can at least find you…

Get a few requests about what is the Life Settlement Association?

Most requests  I would guess are referring to the leading trade association related to the industry, that would be the LISA Association (Life Insurance Settlement Association).

I have seen smaller (some private) associations formed geared to different types of the business as well as state specific.

However, for LISA membership information, dues, events, and more. Visit our page with their contact information and links.

Life Insurance Settlement Association (LISA) Info