Life Settlement -- New Liquidity for a Traditional Asset

The amount that a buyer is willing to offer in a competitive marketplace determines the value of a life insurance policy. That is the principle behind Life Settlement. With the emergence of the secondary marketplace, life insurance has evolved as an asset on par with bonds, real estate, equities, etc. Life settlement has become a useful planning tool that provides policy owners with a new “exit strategy", a means to convert unnecessary or unaffordable policies into cash.

Financial services professionals, attorneys and CPAs, need to understand the benefits that these transactions can provide to senior individuals, business owners, charitable organizations, trustees and other clients.

"I thought, Wow, what an incredible way to put a value on this (asset)."
- Stephen Ellis, policy owner and Veris client,
Wall Street Journal

Getting Licensed in New York

The Insurance Studies Institute recently reported that
“The secondary market for life insurance policies provides a great social and economic value for seniors.”

Veris Directors: Life Insurance Experts

Veris Directors Stephen Shorrock and Russel Dorsett have 75 years of combined experience in the life insurance industry and have served as CEOs of highly-rated insurance carriers. Russel was also President of the Life Insurance Settlement Association (LISA). We know life settlements, and our lengthy relationship with over 20 providers and their funders gives Veris the ability to deliver positive outcomes for your cases, particularly the challenging ones.
Since our inception in 2006, we’ve helped policyowners realize approximately $60 million over carrier surrender value. We are uniquely positioned to provide financial advisory professionals and their policyowner clients with professionalism, service and discretion.
Click on Why Veris to learn more about the value-added services and methodologies that separate Veris from the competition and make it a leader in “Bringing Liquidity to Life.”

How Do Life Settlements Compare to Other Products?

 

Veris Settlement Partners, Inc. is a multi-state viatical and life settlement broker. Veris Settlement Partners, Inc., and/or its affiliate firms Chesapeake Financial Settlements, LLC and Select Life Settlements Corporation, and/or one of its two directors as individuals, may be licensed as a life settlement broker or viatical settlement broker, or may be able to broker a life insurance policy owned by a resident of most states. For a list of states and licensing call Veris. Some or all of the proceeds from a life settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. Veris Settlement Partners, inc. is not a viatical or life settlement provider. This Compliance Notice is current as of August 15, 2008 and is subject to change.