Getting the word out on settlements: the advisors’ role

By Matt Brady -- Advisors in life settlement transactions continue to work with their clients and conduct their transactions despite the heated debate surrounding the market. Even so, with some in the industry sounding the alarm about the negative image being given to settlements by certain regulators, such advisors are asking what role can they play in “spreading the message” about settlement attributes. For Bob Nelson, vice president of financial and estate planning for Grace/Mayer Insurance Agency, Inc., Omaha, Neb., much of that work should involve... click here for more.

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Question:  How are referring parties, such as life insurance agents, compensated when referring life settlement cases to a life settlement broker? click here for more.

Settlement news from National Underwriter

• Hawkeye state schedules life settlement model hearing
• State legislators tell NAIC to slow down on STOLI action
• N. Dakota house hears life settlement arguments
• Regulators and life settlement firms are pushing for greater disclosure
• NAIC could adopt viaticals draft

More about settlements

• Subscribe to Settlement Watch here
• An industry confronting struggles on many fronts: Part II
• Editorial comment: deal with the settlement mishmash on the internet
• Did you know: 7 in New York
• Graphic: states setting bonding requirements for settlements
• Curbing use of professional designations on front burner

Quiz Question

Could there be errors and omissions ramifications for agents who don’t offer life settlements to clients as an option to consider?   a) absolutely yes b) probably, but such E&O cases haven't happened yet c) it's doubtful d) not at all

Click here to get the answer.