Financial Advisor Information
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-Paul Gomperz, President, Volunteer Benefit Systems

Life Settlements Helping Seniors Replenish Depleted Retirement Funds

News from Veris Settlement Partners

January 12, 2009-Senior citizens needing to replenish depleted retirement assets or needing cash can turn to a life settlement, which is the sale of their life insurance policy to an institutional investor.

“Your life insurance policy is one asset that has not lost value due to changes in the stock market, interest rates or the credit crunch,” explained Steve Shorrock, Director of life settlement brokerage Veris Settlement Partners. “The great majority of life insurance policies, including Universal Life, Term, Survivor and Whole Life policies, are not affected by this recession. Seniors could use the sale of their policies to replenish depleted retirement funds.”

Veris is recommending that seniors do not lapse or surrender life insurance policies that have become unwanted, unneeded or unaffordable and instead to explore a life settlement. In a life settlement, the policy sells for a percentage of the its net death benefit, which is greater than the issuing insurance company would pay for the surrender of the policy. Factors such as age, expected life expectancy and policy characteristics such as premium costs determine the purchase amount.

Veris Settlement Partners is a Delaware corporation with offices in Northport (New York), Rockville (Maryland) and Bellaire (Texas). With senior management’s 85+ years of life insurance experience, Veris is uniquely positioned to provide financial advisors, and the policyowners they serve, with the professionalism, service and disclosure that they expect and deserve. For more information about Veris Settlement Partners, please call 888-563-1113 or log on to http://www.go2veris.com/
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Copyright 2011 Veris Settlement Partners

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 four directors as individuals, is licensed as a life settlement broker or viatical settlement broker in the following regulated states: AR, CT, FL, GA, HI, IN, LA, MD, MS, NC, NJ, NY, PA, TX, UT, VA.

Depending on the medical condition of the insured, Veris Settlement Partners, Inc. may or may not be able to broker a life insurance policy owned by a resident of the following states: CA, DE, IL, MA, MN, NM, OR, VT, WA, WI.

Veris Settlement Partners, Inc., and/or one of its four directors as individuals, may broker a life insurance policy owned by a resident of the following states that are not regulated and do not require licensure: AL, AZ, DC, ID, MI, MO, NH, RI, SC, SD, WY.

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.