Who buys your clients life insurance policies?
Our firm works with a large variety of funders throughout the United States, including the ones on TV. We know from experience that getting multiple offers by submitting each policy to multiple buyers brings more cash to the table.
What’s the difference in working with a life settlements broker vs going direct to a funder?
Going “direct” is the act of selling your policy directly to a single funder, who buys the policy. This removes any chance of competitive bids and generally results in a low cash offer with high pressure to move quickly. They will often say that getting multiple offers lowers the value of the policy or can hurt the sale, as they know that if the policy is qualified, getting a competitive bidding process will increase their costs. Their business model is reliant on buying policies for the bottom dollar.
As a life settlements broker, we have a fiduciary duty to your policy in front of multiple funders, opening up the door to a competitive bidding process – which brings a higher payout. Essentially, we broker the policy to the highest bidder, instead of getting a single fast low-cash offer from a direct funder. We are dedicated to getting you the largest payout, how you want it. Ask any questions. We are happy to explain in detail how our model is different.