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Life Insurance Settlements
As part of comprehensive planning, a separate insurance review may indicate a policy that is improper, inadequate, too expensive- even fraudulent. I worked on a $5,000,000 variable life policy for a 77 year old that was sold by an incompetent CFP for a $200,000+ premium. It was completely unsuitable- she was depleting an IRA in order to pay for the premiums. Over a two year period, I not only completed one of the largest life settlement policies in the U.S. for $677,000 for the client but worked in arbitration for an additional award of $300,000.
If you are over 70 years of age- or younger with health problems- a sale of a life policy may provide money versus nothing from a surrender of the policy. For more information:
Email at efm@efmoody.com
Call at 510 352-4127
510 459-7797 (Cell)