David Rosell
President – Rosell Wealth Management
David Rosell is the President of Rosell Wealth Management in Bend, OR. He is the author of three books that you can find at local bookstores, Amazon, Audible as well as Redmond Airport.
Not everyone wants you to know about Life Settlements. Have you heard of this term? Did you know that 90% of all life insurance policies don’t pay out death benefits? They usually expire, lapse, or get surrendered.
Options for your Life Insurance Policy:
- Keep it and keep paying the premiums
- Lower the death benefit so premiums are less
- Lapse and get the cash value paid out
- ORRRRRR a Life Settlement – Sell It!
David Rosell is here sharing the pros and cons of going through a life settlement. There are reasons why a person would no longer need their policy due to life changes or simply can’t afford the premiums anymore with the economy changing. He cautioned to educate yourself about the taxes and transaction costs going into the sale. He also reminded everyone that part of some is better than none of the whole.
This episode is chalked full of information for you to consider with your Life Insurance Policy as you age!
To Connect with David: David@RosellWealthManagement.com or https://DavidRosell.com
David’s Book: In The Know: Turning Your Unneeded Life Insurance Policy Into Serious Cash
There’s always room on my team to create additional income too!! Join my Neora Team!
To find me on social media: Debbi-Jo Horton
Learn more in my Facebook Group: Advantages to Aging
Investment advisory services offered through Valmark Advisers, Inc. an SEC Registered Investment Advisor Securities offered through Valmark Securities, Inc. Member FINRA, SIPC 130 Springside Drive, Ste 300 Akron, Ohio 44333-2431. (800) 765-5201. Rosell Wealth Management is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc. Valmark Securities supervises all life settlements like a security transaction and its’ registered representatives act as brokers on the transaction and may receive a fee from the purchaser. Once a policy is transferred, the policy owner has no control over subsequent transfers and may be required to disclosure additional information later. If a continued need for coverage exists, the policy owner should consider the availability, adequacy and cost of the comparable coverage. A life settlement transaction may require an extended period to complete and result in higher costs and fees due to their complexity. Policy owners considering the need for cash should consider other less costly alternatives. A life settlement may affect the insured’s ability to obtain insurance in the future and the seller’s eligibility for certain public assistance programs. When an individual decides to sell their policy, they must provide complete access to their medical history, and other personal information. Client name has been changed to protect confidentiality. The gross offer will be reduced by commissions and expenses related to the sale. Each client’s experience varies, and there is no guarantee that a life settlement will generate an offer greater than the current cash surrender value.
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