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As you may know, The Lifeline Program has been an advocate for transparency in Life Settlement transactions for the past several years as we believe that transparency is one of many factors that will help take our industry to new heights.
Recently, the case for transparency received an added boost when the Life Settlement industry group Institutional Life Markets Association (ILMA) adopted a standardized disclosure form for use in Life Settlements transacted by ILMA members. We were very pleased to learn of this development, particularly because the form is quite similar in content and design to the disclosure form that we adopted last year and offered to ILMA as a model. We applaud ILMA for its efforts to promote transparency, and we are proud that an operating standard we implemented more than one year ago is now used by the industry association that represents the primary institutional investors in the Life Settlement industry. Because ultimately, transaction transparency will benefit consumers... and isn't that the point of it all anyway? |
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The recent creation of our Platinum Service Team stemmed directly from our policy sources request for priority processing of settlement files of policy face value in excess of $5 million. This new service is a beneficial and unique way to meet and exceed the needs and expectations of our best policy sources. Our Platinum Service Team is comprised of six members, each with his/her own area of expertise including new data entry, file clean up, contracts and policy pricing.
This team of professionals is designed to foster a higher level of collaboration and accountability among team members, as well as streamline the entire process to ensure the highest level of service and speed available in the industry. To learn more about our Platinum Service Team, please contact your Account Manager today. |
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The launch of The Lifeline Program's online Continuing Education (CE) course has been extremely successful, with 34 state endorsements received to date. We eagerly anticipate more states to follow suit in the coming months, which will provide industry professionals, including financial advisors, life insurance agents and certified financial planners, around the country an opportunity to earn CE credit towards their CLU, ChFC, CIMA and CIMC licensure or certification. The course provides an introductory overview of the Life Settlement process and is an ideal way to brush up on Life Settlements and, at the same time, fulfill an important professional need. For a preview of our CE course, please follow the link on our homepage at www.thelifeline.com.
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Policy: Universal Life
Face Value: $15 million Cash Value: $900,000 Purchase Price: $2 million (13.3% of face)
After a long and successful business career, a CEO of a large company retired due to declining health. As a part of his retirement package, he was given the option to keep his company-provided universal life insurance policy in force and take over the premium payments, or surrender the policy to the carrier and receive the $900,000 in accumulated cash value.
Upon consultation with his attorney and accountant, he was advised that survivorship insurance was needed for estate planning purposes, but not as much coverage as the current policy offered. Looking for other alternatives, his agent suggested a Life Settlement. By choosing this route, the client received $2 million for the purchase of his policy. With the help of his financial advisors, he deposited $1 million into a ten-year annuity set up to finance a $5 million survivorship policy. The rest of the payout was his to enjoy during his new retirement. |
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I am a recent addition to The Lifeline Program® Account Management team as an Account Specialist. My 10 years of experience in the mortgage industry, specializing in the research and compliance fields, has contributed greatly to my current success with the company. My current job functions include coordinating case submissions through the various levels of processing, providing quality customer service to brokers and other policy sources while negotiating deals to create more business for the company. I also work as a liaison between the Account Management team and the funding, contracts, processing, and underwriting departments. The Lifeline Program® is full of opportunities and I really enjoy watching the industry grow. I am able to learn something new everyday and work with a great group of supportive people. |
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![]() We value your privacy. If you would prefer to not receive our newsletters in the future, send a blank email to unsubscribe@thelifeline.com or you may reply to this email for assistance. The Lifeline Program 1979 Lakeside Pkwy, Second Floor Atlanta, GA 30084 800.252.5282 www.thelifeline.com "Lifeline Newsline" is intended only for life insurance & financial professionals and life settlement brokers, and is not intended to be an advertisement, is presented for informative purposes only, and neither purports to be nor is presented as legal or professional advice of any kind. If you are not a life insurance & financial professional, or a life settlement broker then please disregard this communication. Wm. Page & Associates, Inc., d/b/a The Lifeline Program®, does not guarantee or warranty the accuracy of the information herein. Please consult with independent, trusted, professional advisors regarding the matters addressed herein. © 2007, Wm. Page & Associates, Inc., d/b/a The Lifeline Program®. |