Brian Draina

Financial advisors and life insurance agents are becoming more familiar with life insurance settlements, and settlement brokers are working relentlessly in soliciting these advisors through various forms of marketing. They often pitch the concept of a hand’s free and cost free appraisal for your settlement business. Although this sounds convenient, nothing is for free, so what does it really cost? Commissions in the life settlement market have been absurdly high. Brokers can get away with charging 8% of the face amount of the policy. So, if the purchase price of the contract was for 25% of the face amount of the policy, the broker's commission could very well be 32% of the purchase price! With so many life settlement brokers fighting for your business, what determines who you are working with? Some common statements we hear from professionals using a life insurance... (more)