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Brokerage Enters Secondary Life Market

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Financial professionals have formed Global Life Solutions L.L.C., a new life settlment brokerage firm.

Jerry Claiborne, vice president of sales and marketing at Global Life Solutions, Ponte Vedra, Fla., says the firm will try to set itself apart by offering life insurance agents a high level of service.

The firm bills itself as a brokerage “by financial professionals for financial professionals,” with expertise in wealth management, insurance production and policy placement in markets around the world.

Global Life Solutions has established partnerships with “over 20″ groups worldwide and is in the process of bringing in several other funders, the firm says.

The firm says it will review policies with death benefits of $100,000 or more for insureds ages 70 or older.