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| This newsletter is intended for insurance and financial services professionals only. Advanced Settlements is a licensed broker or producer in all states where life settlements are regulated, except Oklahoma and Montana. Some or all of the proceeds of a life settlement may be taxable under federal or state income tax laws. Advice from a professional tax advisor is recommended. |
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Seniors Are Beginning to Drive Our Marketplace
The word is out. Seniors who have chosen to do life settlements are
discussing the subject with their friends and social network. We
know, because we are being contacted on a regular basis by the
financial advisors and CPAs who tell us they are being asked by
seniors to assist them with a life settlement.
Read full article.
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CPAs: Key Advisors to Seniors
The September 2005 issue of the AICPA's "Journal of Accountancy" will
include an article on life settlements. As a regular advertiser with
the "CPA Insider," a weekly newsletter for financial professionals,
we are pleased to see this valuable editorial coverage in such a
prestigious publication that addresses how CPAs can help senior
clients maximize the value of unwanted life insurance policies
through a life settlement. We know that CPAs are being approached
now on a regular basis by senior clients interested in life
settlements. That's why we routinely publish articles for CPAs that
help's guide them in obtaining the highest possible offer for their
client's policy.
View our CPA Insider articles.
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Approaching Seniors with the Big Picture
When discussing life settlements with prospective senior clients, it
is important to weigh all the options. Producers should ask
themselves: "Is a life settlement the best solution for this client
in this specific situation?" We have a tool that can help you answer
that question. Learn how a life settlement with replacement coverage
could be the best option for your client.
Read full article.
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Community Foundation Receives $1.395 Million From Life Settlement Transaction
Advanced Settlements recently closed a life settlement involving a $4
million life insurance policy. "We believe this is a groundbreaking
event," said Sean McNealy, Co-President of Advanced Settlements.
Although we are working with other charitable organizations, this is
by far the largest settlement we have seen in the non-profit arena.
Read full article.
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VLSAA Experiences Growth: Scott Kirby Appointed PR Chairman
Membership in the Viatical & Life Settlement Association of America
(VLSAA) has nearly doubled over the past year, a clear indication of
the growth we are experiencing in the marketplace. The mission of the
Viatical and Life Settlement Association of America -- which is
celebrating 10 years of service to the public -- is to promote the
development, integrity and reputation of the viatical and life
settlement industry and to promote a competitive market for the
people it serves. "We are pleased to see expansion in the
marketplace which is attracting membership to VLSAA," said Scott
Kirby, Co-President of Advanced Settlements, and VLSAA Board Member.
Kirby, who was recently appointed public relations chair for VLSAA,
explained that the organization is improving its communication
outreach activities, which includes a newly redesigned web site, more
frequent news releases and hopefully magazine ads. "It is important
that we educate legislators and regulators, as well as the general
public, about the organization's efforts to promote the value
proposition of life settlements," Kirby added.
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Public Policy & Life Settlement Regulation: Financial Professionals Should Be Politically Active
As the life settlement industry advances into the mainstream of the
financial services marketplace, we are seeing an increase in
regulatory activity. Although we welcome prudent oversight that
balances the interests of consumers and businesses engaged in life
settlements, we are mindful that good public policy does not happen
on its own.
Read full article.
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