Baby Boomers continue to turn 75 years of age. Life Settlements typically tend to occur when the seller is in their 70’s. This is a major potential market for producers. Life settlements are gaining in popularity with seniors who are looking to supplement their retirement savings while cutting expenses, such as the premiums on a life policy that are no longer needed nor affordable.
According to the U.S. Government Accountability Office or the GAO Report, a typical senior realizes that a settlement is on average 7.8X greater than the policy’s cash surrender value, according to a recent Life Insurance Settlement Association (LISA) Data Collection Project.
Access a complimentary report that includes key statistics that show the real need many of your senior client’s face.
- Only 14% of Seniors Have a Written Retirement Strategy.
- Over half or 52% Say They Will Continue to Work After Retirement.
- Only 26% Have a Backup Plan for Retirement Income.
- 50% of people over the age 55 have ZERO money saved for retirement…The other 50% have saved an average of just $100,000 and that includes millionaires and billionaires. Maybe the scariest bullet point of all.
There is also a great opportunity to help people as young as 60 who can no longer afford their term life policy get needed money as there is a high demand from investors for TERM policies.
In this report to learn more about this important marketplace; and in return, earn a significant, ancillary commission to add more to your bottom line.
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