Life Settlement Regulation A brief overview by Tradewind Settlements

Transparency is a key part of life settlement regulation around the nation.

• Most states containing comprehensive regulation requires policy owners to receive substantial consumer disclosure, including requiring disclosure of the compensation paid to brokers.

According to the National Association of Insurance Commissioners’ (NAIC)

Consumer Information System,

Since the start of 2012, only two consumer complaints involving settlements have been reported nationally.

This is an excellent measure of success regarding how well the market is functioning in terms of consumer protection.

As further evidence of the growing acceptance of life settlements, in 2010, NCOIL adopted the Life Insurance Consumer Disclosure Model Act.

This Act mandates that insurers provide written notice to senior policy owners who are facing the lapse or surrender of their policies. This written notice must clearly state that seniors have options regarding such lapse or surrender, one of which is a life settlement.

Today,

The life settlement market continue to meet the needs of policy owners - focusing on middle-to-low income seniors in need of long-term care and retirement income.

A number of legislators have introduced legislation that would encourage seniors who are about to access Medicaid to be informed about life settlements as a means to assist in paying for long-term care services.

The Tradewind Settlements team is supportive of life settlement regulations. Guaranteed Support

Furthermore,

The Tradewind business model was developed with the support and insight of one of the top regulatory attorneys in the country.

At Tradewind Settlements, we believe,

• The goal of the life settlement broker should be to receive the highest offer for his/her client’s life insurance policy.

So, how is this accomplished?

By providing the case to multiple life settlement providers that have both the required capital and also meet all the necessary regulatory requirements.

Long standing respected life settlement brokers also respect the privacy of their clients.

The life settlement broker is required to be licensed in the state the life insurance policy owner resides.

A life settlement provider serves

and represents the interests of the end buyer of the life settlement.

• These end buyers are institutional investors that include pension funds, hedge funds, investment banks and insurance companies.

The life settlement provider makes offers on qualified life insurance

policies.

They deliver the agreed payment due to the life insurance owner.

The life settlement providers must be licensed in the state of life insurance policy owner resides.

The Tradewind Settlement team includes a leading third party licensed life settlement broker.

The brokerage firm has decades of experience.

This trusted and licensed life settlement broker is licensed in most states.

**Life settlements are not available in all states.**

Questions for the Tradewind team?

Contact Tradewind Settlements by using the Contact page Form Here

You can also:

Email: sales@tradewindsettlements.com, or Call: 904-729-4514

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