What Other Brokers Are Saying!
"We have worked with LSA through the rollout of our life settlement subsidiary. LSA's practical recommendations & expertise have been very helpful in letting us focus on our wealth management business while LSA manages our life settlement platform. It's the perfect relationship." |
"LSA has been fantastic to work with. They have allowed us to focus on our core mission of driving sales and getting clients while they handle everything else. We would highly recommend their services to anyone." |
"LSA has made our transition to a life settlement brokerage very easy. They were upfront about the entire process and had us up and running in 3 days. Whenever we have questions, they go above and beyond in answering them. It's nice to know we have someone with their years of experience in the industry to help us each step of the way." |
Today’s Headlines |
Cantor Fitzgerald sees the current estimated $20 billion life settlement market growing to $100 billion by 2014. |
|
Milestone purchased 200% more policies in 2008. So far this year, the company has 50% more policies under contract than last year. |
| Kristian Armstrong, CEO Milestone Providers February 5, 2009 |
$10 billion Hedge Fund Davis Kempner Capital Management plans to acquire $1 billion in life settlements. |
Boomers may find a financial opportunity in life settlements. |
Life Settlements. Become Your Own Broker
Insurance, Financial and Legal Professionals
- Simple and Inexpensive. Insurance, financial and legal professionals can now quickly become their own life settlement broker—even without prior life settlement experience.
- Existing life settlement brokers also have an opportunity to eliminate their costly fixed overhead.
Life Settlement Administrators (LSA) provides a complete turnkey package that gets you started immediately—even if you have no previous experience in the insurance or life settlement industry. In as little as a few days, you can be operating with the rights to a fully developed “content-rich” website in your own broker name, agent agreements, forms, an experienced back office support team, and everything else you need to accept your first life settlement client and have the case processed from beginning to close. And, as the broker, you earn 100% of the commission.
Existing life settlement brokers also find the LSA model attractive as a vehicle to use in keeping their employee & facility costs in line with fluctuating transaction levels. Keep your existing website and have LSA use your forms. Eliminate the need for expensive fixed overhead and immediately see a significant increase in your profit margins.
You provide the clients and LSA provides the rest!
Regardless of your experience level you can become a life settlement broker. No college degree is required. Immediately start representing clients in approximately 20 states while gradually working on obtaining your license to expand your representation into the other states requiring a life settlement broker license.
Okay, this sounds interesting, but I know little or nothing about life settlements. How can I become a life settlement broker when I don’t know about selling policies or life insurance?
In the past, becoming a life settlement broker required the need to study the industry, learn how to process cases, design your own forms and contracts, build a professional website, develop your own policies & procedures, etc. And, let’s not forget, the time and money needed to accomplish all of that!
But now, LSA has made becoming a life settlement broker much easier. So easy, in fact, that almost any insurance, financial or legal professional can become a life settlement broker.
Of course, you will want to understand the basics of life settlements before jumping into a new industry. And, to accomplish that, an excellent source on life settlements and the process can be found on the Life Insurance Settlement Association (LISA) website. In addition to the Life Settlement Tips & Techniques that we provide you, you might also want to research other sources that can easily be found by simply performing a search of “life settlements” on the Internet.
After about 20 minutes of reading, you’ll understand what a life settlement is, the parties to a life settlement, basics of how a settlement works, and the different types of life insurance policies. This is where LSA enters the process to turn your new knowledge into a promising new career. Here’s an illustration of a typical small case and the commissions earned by a life settlement broker:
Face Value of the Policy: $500,000
Life Settlement Amount (avg. 25%): $125,000
Life Settlement Broker Commission (30%): $37,500
Read How Easy It Works!
LSA not only takes the mystery out of being a life settlement broker—it removes all the work for you. Whether you choose the Identity, Service, or Full Support Program, LSA is always there to provide you just what you need, when you need it.
Here’s what LSA will provide:
• Website hosting of your new domain.
• Licensing rights to use our “content-rich” turnkey affinity website customized as if it were your own personal website. Want to see a sample of how your website might look? Click here.
• Internet exposure to potential clients in all 50 states.
• Applications, client contracts and forms customized with your broker name.
• Free LSA Preview of all cases to assist with case viability determination.
• Case processing by LSA’s experienced staff from start to finish.
• Access to developed Privacy and Anti-Fraud Policies for your use.
• A listing of established policy buyers with email contact information.
• Life Settlement Tips & Techniques, a useful tool in building your knowledge.
• Access to available marketing materials at reduced costs.
Here’s all you will need to provide:
• The name, address and phone numbers of your new brokerage.
• The domain name for your new website.
• The commission rates you will charge, and the content you will want to have on the About Us and Contact Us page of your new website.
• An idea of how you will initially leverage your professional and personal contacts to build your new brokerage.
• Optional: Business cards, stationery, and a toll-free number to complete your business identity. Forms and applications used by LSA will be in your name. As your service vendor, progress letters and other correspondence sent by us to your client and buyers will be on LSA letterhead.
AND, most importantly, here’s what you won’t need:
• Cash to pay for the high costs of starting up your brokerage, designing and developing your website, and creating your own policies, forms, and contracts.
• Cash to cover the losses from taking cases that are clearly not viable.
• Cash to pay for the high monthly fixed overhead from employees and facilities.
• Costly equipment.
• Months of non-revenue producing time to research and bring together all the fundamentals needed to operate an independent brokerage.
• The liability of any long-term contracts or commitments.
Your only fixed cost is one low monthly fee and you can use the convenience of your Visa, MasterCard, American Express or Discover Card to charge your fees until your revenue builds.
| Not Yet Please Tell Me More |