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Posted by Positive Aging Community on 06/21/2023

Understanding Life Insurance Settlements

  • According to research from the Insurance Studies Institute, more than 500,000 individuals lapse their life insurance policies, 2 million surrender their policies each year, yet only 3,000 took advantage of a life settlement.
  • About 90% of seniors report that they might have considered a life settlement if they had been made aware of the option.  

Lisa Rehburg

  • (714) 349-7981
  • lrehburg@aol.com
  • Rehburglifesettlements.com

Troy Wirth Investment Adviser Representative with Wirth Financial & Insurance Services

  • troy@wirthfinancial.com

Life Insurance Settlements - Benefiting Your Client...and You!.pptx.pdf

Questions Asked:

  • HAd no idea you could sell term ins. Who would want it?
  • Why would a senior do that?
  • Are these like 100K policies or 1million? What do u see generally?
  • If adult child has POA can they sell parents' policy? Many fall a few dollars over to qualify for benefits, & yes if kids r set, they'd rather not use their own $ for long term care.
  • If they got $100-250k policy, how much could they sell it for? What is general %.
  • what is the service fee for selling the policy
  • Good explanation, are you saying insurance companies are for or against life insurance settlements? Explanation still not clear. thank you
  • This helps, thank you. Insurance company they know with investor owning policy and paying the premium, insurance company know they will eventually have to pay a claim, point is time just don't know when. much clearer, thank you
  • What if policy has accelerated death benefit, of sell policy do you lose ability to use this long term care benefit if you need that benefit?

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Chat Transcript

12:11:29     From  Steve Gurney - ProAging Community : Established in 1994, the Life Insurance Settlement Association is the oldest and largest trade organization in the life settlement market. https://www.lisa.org/

12:16:31     From  Elizabeth Singleton : Elizabeth Singleton, SRES realtor with Samson Properties

12:18:10     From  linda arret : seems many restrictions on FEGLI: want to sell and to stop paying premiums, but OPM states essentially this is not possible.  What ca we do with a FEGLI policy we no longer want, tha we ant to "get back" its value, up to some point

12:27:22     From  linda arret : fegli federal emplouee group life insurance

12:27:35     From  Joe Sperling : One important reason for considering life settlement is when a person needs Long-Term care but has no LTC policy.

12:29:33     From  linda arret : all tat you are saying is what we have heard and know, from talks with OPM.  we are tally boxed in, when we want to be rid of the policy and to realize some of its value NOW

12:33:58     From  linda arret : thanks!!!!

12:34:00     From  Steve Gurney - ProAging Community : Lisa Rehburg

Helping People Benefit from Unwanted/Unneeded Life Insurance Policies

(714) 349-7981


Desert Living Show - Intro Video:  https://vimeo.com/322876411

CA License #0825962, NIPR #2552103

12:34:03     From  Steve Gurney - ProAging Community : lrehburg@aol.com

12:34:52     From  Elizabeth Nolte   to   Hosts and panelists : The example that Lisa gave, did the buyer of the policy have to continue paying the $2500 premium?

12:37:37     From  Steve Gurney - ProAging Community : Troy Wirth

Investment Adviser Representative

CA Insurance License #0B90902

InGen Strategies, LLC

Wirth Financial & Insurance Services


Tel 949-854-4695

Cell 714-381-8769



12:40:56     From  Steve Gurney - ProAging Community : 2022 LISA Member’s Annual Market Data Released https://www.lisa.org/article_content.asp?edition=3&section=4&article=46

12:50:03     From  Joe Sperling : Insurance companies count on a percentage of policies lapsing.

13:00:28     From  Steve Gurney - ProAging Community : Lisa Rehburg

(714) 349-7981



13:02:15     From  sybil harrington : Thank you. This has been so enlightening!

13:02:35     From  Deb Wilburn   to   Hosts and panelists : I'm coming into this webinar a little late. Are you talking about individual life policies not group policies?

13:02:38     From  Elizabeth Nolte   to   Hosts and panelists : What’s the downside for the investor if any?

13:03:02     From  Troy Wirth   to   Hosts and panelists : Good questions, Sybil!

13:03:04     From  Elizabeth Singleton : wonderful information!  Thank you all!

13:03:32     From  Deb Wilburn   to   Hosts and panelists : Okay. Will do.

13:05:02     From  Elizabeth Nolte   to   Hosts and panelists : I knew nothing about this. Learned a lot. Thank yo!!

13:05:08     From  Courtney Nalty : I have learned so much. Thank you!

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