[Press Release] Trademark Awarded for American Life Settlements
Press Release: American Life Settlements Awarded Registered Trademark after 20 Years in Business
We are proud to announce that our Life Settlement Brokerage, American Life Settlements®, received its Registered Trademark on December 10, 2019. July 10, 2000, was confirmed as our service mark’s first use in commerce, making us among the oldest Life Settlement Brokerages. The U.S. Patent and Trademark Office categorized our company as providing “Financial services, namely, insurance policy brokerage, settlement, and loan services.” Many exclusive and enforceable rights were conferred to us as a result.
American Life Settlements: What we do.
American Life Settlements is a family-owned Life Settlement Brokerage based in Carmel, Indiana. During our 20 years in business, we have helped people from ages 32 to 93 with lifespans up to 23 more years or less than 5 sell their life policies. Life Settlement Brokers owe a fiduciary duty to policy owners. This requires orchestrating competition among a great many Life and Viatical Settlement Providers, including TV advertisers. Each Provider utilizes doctors, actuaries, and life insurance underwriters. Larger cases may require Providers to buy Lifespan Estimate Reports. All these efforts require comprehensive medical records of active conditions that may impact longevity. This process ultimately reveals each policy’s true market value, which is not possible with a calculator or quick quote by phone without any hard facts. American Life Settlements®, with decades in the business and a nationwide network of buyers, is unequaled in both industry expertise and dedicated customer care. The event of our Registered Trademark validates our many years of hard work delivering great results for our clients.
Current Business Climate: Continued growth is forecast.
Here are the facts: The population of potential applicants increases by the day. The number of people in America age 65 or above is estimated to grow from 52 million (2018) to 82 million by 2040 and 98 million by 2060.
Average Life Settlement payouts range from 4 to 8 times the cash surrender value. Most people do not know that Convertible Term policies are the easiest to sell for top dollar. Yet only $3.8 billion of Life Settlements were transacted in 2018 while some $200 billion of life insurance was terminated without quotes.
Why are seniors leaving a fortune on the table? The primary reason is that there are not enough licensed professionals advising clients about Life Settlements.
Our Company’s Difference: American Life Settlements helps licensed professionals to transact Life Settlements.
Licensed professionals may add Life Settlements to their practice in a compliant and appropriate manner. These include, but are not limited to, life insurance agents, securities representatives, investment advisers, financial and estate planners, accountants of every variety, and attorneys. Those who cannot accept Life Settlement compensation may have it added to client payouts. Being able to advise about Life Settlements is of particular importance to those who already owe a fiduciary duty to their clients.
American Life Settlements does not sell products or financial advice. Clients are free to use or invest their money as they choose. Thus, we do not compete with Advisors who associate with us.
Company History: Making the transition from selling life insurance to brokering Life Settlements.
Our life insurance agency of 1987 began transacting Life Settlements in 1998. One of our first clients was our President and Founder’s close friend of many years, a retired Marine Colonel from the Korean Conflict who started up a business after retiring from his corporate VP position. His Life Settlement of our Convertible Term policy saved his home from foreclosure and enabled him to rebuild his savings. Bringing cash to the living was far more rewarding than delivering death claims. With encouragement from him, his wife, and other happy clients, Morris Heins founded American Life Settlements before launching his first Website in 2000.
Licensed Professionals: https://americanlifesettlements.com/company/