Financial & Legal Professionals
CPA's
CPA's are quickly realizing that life settlements can represent an incredible opportunity for their clients.
Regardless if they are representing individuals or business, CPA's looking to take their client relationships to another level should avail themselves of the invaluable knowledge base that Genesis already offers to the marketplace.
Case in point, for individual clients seeking a source of liquidity the settlement option often represents a viable alternative to the sale of a traditional asset. This is because life settlements allow for immediate cash through the sale of the life insurance policy.
Clients need to know that the settlement option is often a smart choice financially, regardless of liquidity. Why? Think about all your clients who either no longer require a specific life insurance policy or can no longer afford the premiums.As their accountant, it is often your job to recommend for them more appropriate choices, choices that will protect both their cash flow and quality of mind.
You should also make sure your business clients don't underestimate the value represented by the life settlement option. As is often the result after a buyout or merger, or the retirement of key executives, a business will allow a "key man" policy to lapse as the policy has done its job and is no longer needed.
While normal procedures include surrendering it to the life insurance carrier or even letting it lapse, your business clients count on you to let them know that there may be significant asset value in that policy today.
Not surprisingly many financial professionals feel that part of fiduciary responsibility is the discussion of a life settlement.
If you've found the preceding eye opening, rest assured it's "just the tip of the iceberg." Call us today to get the big picture of the opportunities represented by this ever expanding market-and why when it comes to finding the best ways of putting them to work for your clients, Genesis Knows.
Attorneys
Given the state of the financial landscape, attorneys who provide estate planning to their clients, must include life settlements in their portfolio of client services.
Why? Say you discover that a life insurance policy previously issued on a senior (65+) client is no longer needed to protect their estate. Fact is, that policy may actually prove to be more valuable to that client today as a life settlement than upon maturation some date in the future.
By becoming familiar with the wealth of life settlement options, you as an attorney are also increasing your "value" to your clients. This enhanced knowledge will enable you to be proactive for your clients and their families when it comes to counseling them in regard to their changing needs and finances. Contact us today to find out why when it comes to being both a source and resource for your clients, Genesis Knows.
Producers
As a producer involved with affluent/higher net worth seniors who count on your advice, especially in regard to insurance-related matters, understanding life settlements is critical.
More than simply having an "awareness" of the secondary market, producers like yourself need to know you have the complete support of a firm that will provide you with the services and infrastructure needed so that you can continue providing your clients with the exemplary level of service they expect from you.
As a nationally recognized life settlement broker, Genesis provides life settlement services for top-tier producers and general agents across the country.
As part of our "turnkey" philosophy, we also provide customized marketing materials, innovative promotional items, E & O Coverage and access to the most comprehensive and elite group of financing entities available. Because of this, Genesis enables producers to continue to do what they do best-produce.
Clearly, the life settlement industry provides a host of opportunities for you, your firm and of course, your clients, Call us today to find out what the industry's truly exceptional producers have discovered time and again-Genesis Knows.
Financial Professionals
As a financial professional, your clients count on you to ensure and protect the financial well-being of themselves, their families and often their businesses.
In your role as a highly regarded gatekeeper, your fiduciary responsibility is both ongoing and evolving.
It means constantly evaluating and re-evaluating the global financial health of your senior clients, because in your field there are no "absolutes."
One of the most common components of this global "picture" is the status of their life insurance. For example, the policy that was put into place years ago may have been ideal estate planning then. However, as circumstances often change, that policy may no longer be needed or adequate.
Alternatively, you may have clients who are finding it increasingly difficult to pay premiums. Or, you may be asked to evaluate new life insurance options for a client who is underinsured.
While the scenarios are many, they share a common denominator: a true financial professional must be fluent in life settlements, both in the fundamentals and the options they represent.
The number of seniors turning to life settlements is increasing at an unprecedented rate. Though that should come as no surprise when you realize that they provide seniors with a level of liquidity that will often far exceed the policy's cash surrender value. Contact us today and you'll learn why when it comes to meeting goals yet exceeding expectations, Genesis Knows.
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