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The Game of Life Settlements: Is a Life Settlement for You?

II The Lifeline Program About 25 percent of settled policies are $1 million or less. More than one in four (29 percent) baby boomers would consider selling a life insurance policy to fund their retirement. (Lifeline Survey, 2012) About 35 percent are $1 - 2 million. About 30 percent are $2 - 5 million, Almost 90 percent of life insurance policies in America lapse due to premiums left unpaid or failure to renew. (Milliman, Inc.) (Conning, 2011) 25% 90% 35% 30% No, you are not likely a candidate for a life 'm currently at or near retirement settlement. How far off is your retirement2 20 or more years away Not yet. Consider a convertible term life insurance policy that will cover you through age 70. It can be used for a life settlement in the future. The Lifeline Program THE GAME OF YES START HERE! IS A LIFE SETTLEMENT FOR YOU? Do you have any dependants? NO Start by answering the question: SETTIEMENTS Do you have YES LIFE INSURANCE? How old are you? 60's and 76 percent of baby boomers say people over the age of 65 should have life insurance. older (Lifeline Survey, 2012) 50's 76% and before age younger When does your policy mature ? after age 70 Why did you buy life insurance? The average life expectancy of a life settlement recipient is about 90 months (7.5 years). (Conning, 2011) May Estate planning purposes Have recent changes in tax laws resolved your need for this coverage? NO YES Do you still need to do this? To support spouse and/or offspring in case of unexpected death YES NO II The Lifeline Program How is your health? $3.8 billion - Total face value of life settlements expected in 2012 (Conning, 2011) A little more than half (55 percent) of baby boomers are concerned they will have to work past the age of 65. (Lifeline, 2012) Not good or suffer from chronic conditions 1140 The Leline Pogram Great! No chronic health conditions, healthy lifestyle Yes! You will make a Yes! You are likely a great candidate for a life settlement. Appraise your policy immediately. great candidate for a life settlement in a few years. Appraise your policy in five years. The average age of an insured selling policy: Men: 80 More than 1,3 million - Number of people Women: 82 who have watched Betty White's music video about life settlements, "I'm Still Hot," on YouTube (YouTube: Betty White Raps 'I'M STILL HOT' w/Luciana (Official Video) HD, July 2012) (Conning, 2011) 82 80 More than three in four (79 percent) baby boomers feel financial planners and life insurance professionals should be informing policyholders about life settlements as a financial option rather than having a policy lapse due to not paying premiums. (Lifeline Survey, 2012) This infographic is sponsored by The Lifeline Program. For more information about life settlements visit www.thelifeline.com Illustration by: ExplanatoryVideos.com NO II The Lifeline Program About 25 percent of settled policies are $1 million or less. More than one in four (29 percent) baby boomers would consider selling a life insurance policy to fund their retirement. (Lifeline Survey, 2012) About 35 percent are $1 - 2 million. About 30 percent are $2 - 5 million, Almost 90 percent of life insurance policies in America lapse due to premiums left unpaid or failure to renew. (Milliman, Inc.) (Conning, 2011) 25% 90% 35% 30% No, you are not likely a candidate for a life 'm currently at or near retirement settlement. How far off is your retirement2 20 or more years away Not yet. Consider a convertible term life insurance policy that will cover you through age 70. It can be used for a life settlement in the future. The Lifeline Program THE GAME OF YES START HERE! IS A LIFE SETTLEMENT FOR YOU? Do you have any dependants? NO Start by answering the question: SETTIEMENTS Do you have YES LIFE INSURANCE? How old are you? 60's and 76 percent of baby boomers say people over the age of 65 should have life insurance. older (Lifeline Survey, 2012) 50's 76% and before age younger When does your policy mature ? after age 70 Why did you buy life insurance? The average life expectancy of a life settlement recipient is about 90 months (7.5 years). (Conning, 2011) May Estate planning purposes Have recent changes in tax laws resolved your need for this coverage? NO YES Do you still need to do this? To support spouse and/or offspring in case of unexpected death YES NO II The Lifeline Program How is your health? $3.8 billion - Total face value of life settlements expected in 2012 (Conning, 2011) A little more than half (55 percent) of baby boomers are concerned they will have to work past the age of 65. (Lifeline, 2012) Not good or suffer from chronic conditions 1140 The Leline Pogram Great! No chronic health conditions, healthy lifestyle Yes! You will make a Yes! You are likely a great candidate for a life settlement. Appraise your policy immediately. great candidate for a life settlement in a few years. Appraise your policy in five years. The average age of an insured selling policy: Men: 80 More than 1,3 million - Number of people Women: 82 who have watched Betty White's music video about life settlements, "I'm Still Hot," on YouTube (YouTube: Betty White Raps 'I'M STILL HOT' w/Luciana (Official Video) HD, July 2012) (Conning, 2011) 82 80 More than three in four (79 percent) baby boomers feel financial planners and life insurance professionals should be informing policyholders about life settlements as a financial option rather than having a policy lapse due to not paying premiums. (Lifeline Survey, 2012) This infographic is sponsored by The Lifeline Program. For more information about life settlements visit www.thelifeline.com Illustration by: ExplanatoryVideos.com NO

The Game of Life Settlements: Is a Life Settlement for You?

shared by miamipr2012 on Oct 05
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Today, seniors seek life settlements as an option for unwanted life insurance more than ever. In fact, the total face value of life settlements expected in 2012 tops $3.8 billion. Settlements are per...

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