As financial professionals who are often faced with wealth management issues for high-net-worth seniors, CPA’s are in a position to recommend the financial flexibility provided by a Life Settlement.
CPA’s should understand that a Life Settlement can provide significant value by assisting their senior clients with estate planning decisions that enhance the senior’s financial portfolio.
As a CPA working with senior clients, you may be able to save your clients a significant amount of money by using the proceeds of a Life Settlement to purchase a new policy with more appropriate coverage and more appropriate premiums.
In addition to providing an exit strategy from a more expensive policy, Life Settlements can also provide the solution to other financial planning objectives:
- Liquidity for other investments
- Providing available cash for emergency situations or vacations
- Charitable giving
- Cash gifts to family members
For the CPA, there is also a business application for Life Settlements. During a merger or acquisition transaction, key-man policies are often allowed to lapse as their existence is unknown or overlooked by the financial professionals involved. These polices may provide cash to either party.
Due Diligence
Emerald encourages CPA’s to perform due diligence as it relates to recommending the Life Settlement option to their client as an estate planning tool. CPA’s should also perform due diligence on the entities handling the life settlement transaction.
There are distinct advantages to bypassing Life Settlement brokers and working with an experienced direct funder, such as Emerald Funding. By removing the middlemen and their fees, Emerald can provide a higher settlement amount to the client.
Contact Us
For more information regarding Emerald, Life Settlements or a specific Life Settlement case, please email us or contact one of our Settlement Advisors at 800-381-6194.