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Create a new revenue stream
from your book of business
The right life insurance policy can be greatly beneficial for its
owner, but more and more seniors are realizing that in some cases
selling their policy in a life settlement can be advantageous. Life
insurance agents are the professionals who are best equipped
to recognize these distinctions, and to direct their clients to the
right option.
As an experienced insurance agent, you have both a personal
relationship with your clients and the information at your
fingertips to determine the likelihood of a life settlement. So,
how can you create a new revenue stream with the clients you
already have?
Determine likelihood of a life settlement
Use a life settlement calculator to see if your client may qualify
for a life settlement. Receive an evaluation for your client’s policy
based on their current health status and determine if you should
pursue a life settlement.
Earn compensation from the sale of the policy
Agents who are life settlement licensed are eligible to receive
compensation after they help clients sell their policies. Each
state has different life settlement license requirements. Check
with your Department of Insurance to learn how to become life
settlement licensed.
Scale your transactions
Use life insurance policy management software to key in on life
settlement opportunities within your book of business. There are
software management platforms that make it easier than ever for
agencies to scale life settlement opportunities with policies they
already service.
Ask clients this question
Find out if your client still needs or wants their life insurance
policy. Agents might be concerned that they are now advocating
the sale of their policy, having sold that policy to a client years ago.
But at the heart of the life settlement option is the understanding
that financial and insurance needs change over time. An agent
who understands those shifts and the available options can be
invaluable to a senior seeking advice he or she can trust. A useful
conversational on-ramp to this topic is to ask the question, “Have
your insurance needs changed?”
Magna Life Settlements creates
financial opportunities for a
better life now by utilizing an
unexpected asset: life insurance.
Magna-Life.com
RSVP to Magna’s
Cocktail Reception
at NAILBA!
MagnaNAILBA19.com
Join us for cocktails and appetizers on
Thursday, November 7 at 7:30 after the
Exhibit Hall Opening Reception.
Attendees will receive a free Yeti tumbler
(Available to the first 50 attendees)
RSVP Required