Unlock the hidden value in your life insurance policy! In this episode, Phil dives into the world of life settlements—what they are, who qualifies, and when selling your policy could be a smart move. Hear real stories of clients who received far more than their cash surrender value and discover the key signs that it might be time to explore your options. Whether you’re a senior, a business owner, or a financial advisor, this is essential viewing for anyone looking to make the most of their life insurance.
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Chapters:
0:00 – Introduction to Life Settlements
0:30 – How Phil Entered the Life Settlement Industry
2:40 – What Is a Life Settlement?
4:13 – When Should You Consider a Life Settlement?
7:18 – Term vs. Universal vs. Whole Life Policies
10:05 – Ideal Age & Health for a Life Settlement
12:21 – Real Client Examples: How Much Cash They Received
16:32 – Pitfalls to Avoid
20:02 – How Life Settlement Buyers Determine Value
24:49 – Why Many Financial Advisors Don’t Know About Life Settlements
28:03 – Tax Implications of Selling Your Policy
32:15 – Common Uses for Life Settlement Cash
36:40 – How to Get Your Policy Evaluated
40:50 – Debunking Whole Life Insurance Myths
45:00 – Final Takeaways & Next Steps
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