Maplewood, NJ, October 27, 2010 --(PR.com
)-- Integrity Life Solutions, LLC, a life settlement broker since February, 2004, announced on Monday that it has developed an exclusive relationship with a domestic fund for the purchase of small-face life insurance policies. Life settlements is the sale of a life insurance policy where the insured is a senior generally over age 70, with some health issues. In a life settlement, the sales price always is greater than the cash surrender value that the insurance carrier would pay. Often, life settlement cash payments are 4 to 8 times greater than the cash surrender value.
Erez Rotem, President, explained that the new fund will be purchasing life insurance policies with death benefits ranging from $50,000 to $500,000. “This is a new source for us. We are thrilled to be able to see additional capital coming into the market. We think this is a sign of things to come.” Susan Lubin, a Certified Financial Planner, and Integrity’s Senior Account Specialist, added “this new fund will give owners of small policies a great alternative to consider. For example, rather than just lapsing a term policy and getting nothing for it, they might be able to sell it for cash. And even for policies that have cash in them already, the owner may be able to sell it for more than the surrender value – sometimes much more.”
Ms. Lubin is responsible for educational efforts at the firm. She has brought Integrity Life Solutions to a new level by its accreditation by professional organizations as providers of continuing education credits. Integrity provides free CE credits to life insurance agents, producers and Certified Financial Planners (CFPs) on the subject of life settlements. Likewise, the firm provides free CPE credits to Certified Public Accountants (CPAs). The course is 100 minutes long and is worth 2 credits. The course is entitled: “Life Settlement - Introduction and Best Practices.”
For more information call Susan Lubin or Erez Rotem at 973.275.1110.