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Your Life Settlement Questions. Answered. How To Squeeze Cash Out Of Thin Air During The Credit… Value for Creditors? The Hidden Potential in Life… The Stranger Among Us - Betting on strangers' life… Glossary of Life Settlement Terms, Part 2 Glossary of Life Settlement Terms, Part 1 Life Settlements: Their Creation and History The CSF System Promises to Revolutionize the Life… The new tool all financial and estate planners are… Finding the True Cash Value in Your Insurance Policy… Online Marketplace for Life Settlement Transactions… In The Press: New Web Portal Launches to Reach Consumers… In The Press: LiveSettlements.net Delivers Independent… Identify your risks, increase your rate of return. Deciphering the Life Settlement Process Death and Taxes? You can be certain! Alternatives? What other choices do I have? Baby boomers! Can't wait for that perfect vacation?… Exceeding Expectations. Enjoy the perfect retirement.… Pressured by your premiums? Sell your life insurance… Important tool for insurance agents: Life Settlements… Prosper on the secondary market: A new solution for… Selling yourself short? The other side of Life Settlements.… Kudos! Selling your insurance policy is a walk in… Senior citizens! New business model focusing on on… How to cheat death, or at least make a buck out of… The viatical fraud, how modern medicine changed everything… Sudden change in health? New solution to help pay… Win-Win situation? Who's the big loser? (Part 4 of… Lawmakers take notice: NAIC revises Life Settlement… SOLI - Stranger Owned Life Insurance (Part 5 of 11)… Does this suit you? (Part 6 of 11) Terrified by unscrupulous agents? Focus on insurable… Illegal rebating. Guard against malpractice (Part… Who ends up owning your life? (Part 9 of 11) Too good to be true? The hated tax issue. (Part 10… Free money for the wealthy. Liquidity for the underpriviledged.… Examples of how a Life Settlement can help you
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AAA Settlements, Inc. 244 5th Avenue Suite #2450 New York NY 10001 www.aaasettlements.com sales@aaasettlements.com 
AAA Life Settlements Inc.'s approach is to focus on working with financial professionals in helping to get the best quality offers for their clients. AAA Life Settlements Inc. first evaluates all the circumstances surrounding the case, clients health, policy and premium structure and client expectations, so they can fully understand the situation. AAA Life Settlements Inc. then works out a customized plan, tailored to helping the client achieve their specific financial goals. Our Services Initial Review AAA Life Settlements Inc. first does an initial review to determine qualification for a life settlement. Seniors over 65 and 70 might qualify for settlements, depending on their medical condition, gander, premium outlay, and policy structure. Order medical & hospital records AAA Life Settlements Inc. gets the updated and complete medical records with the most accurate life expectancy. If medical records are outdated some of the LE companies and some funders would not be willing to look on the file. Getting illustration An Inforce policy illustration will be needed in every case that will go to settlement; the Inforce illustration will show the buying funder the cost of the future premiums, in order to keep the policy in force. We will work with our funders to see if there is a different type of illustration that can help them price the case better. Order life expectancies A life expectancy is issued based on the medical records of the insured, which is reviewed by a medical expert combined with an actuarial mortality table based on the age of the insured. Expert review AAA Life Settlements Inc. has a team of medical underwriters and actuaries that look over all relevant information that could affect the value of a policy, medical records, life expectancies, and cost of insurance, to make sure that the information that will be used to determine the offer for the policy is indeed correct. Working with funders Once we have all the necessary information on a life settlement case (medical records, life expectancy, illustration, internal review), we will send out the case to all of our funding sources. Then one of our staff will follow up with the life settlement provider to make sure they have received the case and if they have everything they need to consider the case. Next is the auction process, one that is very important in getting the best possible offer for the client. Some of the offers will be very low and will not be considered, but some will be close to the fair market value of the policy. Then we will go back to those funders and see if they will able to beat their competitors offer; that bidding process will usually produce the desired results and get the best offer for the client. Closing the case Once we have the highest offer and we have confirmed with the policy owner that he is ready to move forward, we will order the closing documents which need to be signed and notarized by the policy owner and the insured. We will work with the agent and the policy owner and explain them exactly what the requirements are so we can have everything needed for a quick closing. Once we have all closing requirements we will overnight it to the funder and follow up with them that they have everything needed. The final stage will be change of ownership. The change forms will be sent out by the settlement funder (usually through an escrow) to the life insurance carrier. We will follow up with the life insurance carrier to ensure the changes are processed in a timely manner. Once there is confirmation that the changes went through, the policy owner will receive the money either by a check or a wire transfer. |
Recent Settlements
68 Year Old Male$200,000 Convertible Term Life $0 Surrender Value Paid: $40,500
77 Year Old Female$750,000 Universal Life $102,287 Surrender Value Paid: $137,000
66 Year Old Male$1,500,000 Universal Life $76,537 Surrender Value Paid: $265,000 ADVERTISEMENT
Latest News
Beacon#39;s Fixed Annuity Premium Study Reports Third Quarter#39;s Bank ... - MarketWatch 21 November 2008, 3:10 pm • 5 Myths on Our Sick Health-Care System 5 Myths on Our Sick ... - Washington Post 21 November 2008, 2:48 pm Manage care shares endure post-election slump - CNNMoney.com 21 November 2008, 1:47 pm Medicare Expands HFCWO Coverage for Neuromuscular Disorders - MarketWatch 21 November 2008, 9:32 am EEA Life Settlement fund on approved list for three offshore providers - Investment Week 21 November 2008, 7:45 am Catalyst Sees Investors Turn To Senior Life Settlements - MarketWatch 19 November 2008, 5:28 am Life settlements: how much?! - Investors Chronicle 17 November 2008, 5:54 am Enrollment starts today for Medicare drug plans - Tulsa World 15 November 2008, 12:49 am Life Settlement Industry Vows Renewed Effort to Promote Effective ... - MarketWatch 13 November 2008, 7:00 am Advanced Settlements Offers A New Funding Option - MarketWatch 3 November 2008, 7:34 am |
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