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Life Health > Life Insurance

Quick tips: Where the settlement industry needs to improve

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Want to improve the life settlement industry in 2009? Consider these tips for life settlement professionals:

  • Become more consumer-friendly to life policy sellers
  • Manage the seller’s expectations about a settlement
  • Justify the policy sales deal with strong reasons
  • Be sure all interested parties have a say in the transaction
  • The consumer should be able to take time to make a decision
  • Brokers should not decide the things the seller should decide
  • Supply required documents in an orderly fashion

Source: Tips from various speakers at the February 2009 Life Settlement Summit in Orlando, Fla., which was sponsored by National Underwriter and its parent company, Summit Business Media L.L.C., New York. See entire article here