American Brokerage Services, Inc. is an industry leading national Annuity, Life Insurance, and Life Settlement Brokerage providing innovated sales solutions, distinguished customer service, and cutting-edge technology to independent insurance agents and financial professionals.
At its most basic level, the Life Settlement transaction is quite simple - selling a life policy for an amount greater than the surrender value or for a price that is material to the consumer's needs.
Why a policy owner may consider selling their life insurance policy
Premiums too costly
Beneficiaries no longer living
No longer a need for life insurance proceeds'
Financial Situation
Policy owner has long-term care, or other medical needs
Policy owner wants to meet assisted living care expenses
Policy owner has an emergency need
Policy owner wants to eliminate debts
Financial Priorities
Policy owner wishes to make gifts to family members while still living
Policy owner wishes to make gifts to charities
Policy owner wishes to make other investments
Policy owner wishes to purchase a vacation or retirement home
Policy owner simply wishes to use the funds for other purposes (vacations, etc.)
Estate Planning
Business has been sold or liquidated or is up for sale
Insured no longer a "key" employee involved in day-to-day running of business
Policy is no longer needed to fund deferred compensation packages, same concern as above.
Policy owner may require funds to buy out partner's interest
Business Insurance Needs
Estate tax laws have changed
Estate has become more liquid
Estate has become less liquid
Other insurance options more in line with estate's long-range goals
This list is intended as a general guide only. There can be many reasons to seek or not to seek a life settlement. For questions concerning Life Settlements or assistance in submitting an application, click here to contact me.
The above information is educational and should not be interpreted as financial advice. For advice that is specific to your circumstances, you should consult a financial or tax adviser.
If you are interested in discussing how I can help, please call us at
888 227 3131 xt. 500 or send us an email.
Information on this website deals with general concerns, variables, and considerations, stemming from an educational perspective. It is meant only to be informational, and not indicative that one particular investment versus another is ideal, nor is it indicative that a particular investment or savings product has distinct advantages over another . Your returns will vary. CDs are FDIC-insured. The information found on this website does not constitute tax advice or investment advice. Consult your tax advisor. One should consider both the positives and the negatives of Mutual Funds, Stocks, Tax-Deferred Fixed and Fixed-Indexed Annuities, Bonds, and CDs. Investing in securities involves risk. *Guarantees associated with annuities are based on the claims paying ability of the insurance company. If considering any type of annuity (variable or fixed), other issues should always be considered such as liquidity and surrender Charges. All deferred annuities may have a Pre-59 1/2 distribution income tax penalty of 10 percent. Surrender penalty: Most annuity contracts have a fee if the contract is surrendered prior to the agreed timeframe (usually 4 to 10 years). No capital-gain treatment: All income generated from gains in any annuity is treated as ordinary income.
