Why choose us to handle your life settlement or senior life settlement?

Why choose us as your life settlement broker? Why Choose National Brokers?

National Brokers is a licensed Life Settlement Broker. As a licensed broker, it is our responsibility to negotiate with licensed funding providers to obtain the absolute highest offers available for each and every client.


* Only 1 Application is required to receive multiple offers from the top funding sources in the industry!
* We represent the best interests of the Policy Owner and Insured during the entire life insurance settlement transaction. It is our obligation to obtain the highest offer for our clients.
* There are never any fees to apply and there is absolutely no obligation to accept an offer from any of our funding sources.
* It is our goal to provide a quick, professional and hassle–free settlement process.
* All personal information obtained during the application process is strictly confidential.

By choosing to work with a broker to negotiate offers on your behalf, you have only one point of contact to follow up with regarding your application status. Also, your physicians and insurance company will only be contacted by one firm. It is quite common for medical records staff and customer service representatives to become overwhelmed and inconvenienced by multiple requests for the same information; which translates into considerable delays in the underwriting process.

Call Derik Tutt at 404-200-5532 to discuss your life settlement options today!

How Do We Work for the Policy Owner?

Insured Male Age 77
Face Value: $1,000,000
Cash Value: $118,000
Surrender Value: $105,000
Original Offers
Funder #1: $125,000
Funder #2: $130,500
Funder #3: $135,000
Funder #4: $165,000
Funder #5: No Bid – Declined
Funder #6: $200,000
Funder #7: $230,000
Negotiation Phase
Funder #1: $231,000
Funder #2: Declined to Re–Bid
Funder #3: $235,000
Funder #4: $235,000
Funder #5: No Bid – Declined
Funder #6: $240,000
Funder #7: $240,000
Negotiation Phase
Funder #1: $240,000
Funder #2: Declined to Re–Bid
Funder #3: $247,000
Funder #4: Declined to Re–Bid
Funder #5: No Bid – Declined
Funder #6: Declined to Re–Bid
Funder #7: $250,000
Purchase Price $250,000

As you can see, the offers made by Life Settlement Funders can vary greatly. There is absolutely no benefit if you work with only one Funder or even three for that matter. In this case, even Funder # 7, who had the highest original offer, raised their bid by $20,000.

The Broker's Power of Negotiation Yields Higher Offers.

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"Senior Life Settlements" Benefits and "Life Settlement" Benefits

* Relief of monthly premium expenses
* Additional funds to supplement retirement income
* Higher cash payout than the cash surrender value
* Funds to seek treatments not covered by health insurance
* Generate profit from a non–performing & often worthless asset
* Alternative funding for LTC policies, annuities or other investments

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More Info on "Insurance Life Settlements" and "Senior Life Settlements"

Whether you call it a Senior Settlement, Lifetime Settlement, or High Net Worth Transaction – Life Settlements have become a very important factor in the estate planning process for seniors. Prior to the Life Settlement Industry, if a senior owned a policy that was no longer wanted, needed or affordable, there was no option but to lapse, cancel, or surrender the policy back to the carrier for the cash surrender value. Life settlements allow qualified policy owners to liquidate a policy for an amount much higher than the cash surrender value. Then, these seniors can take advantage of important financial opportunities using the proceeds of an unwanted, unaffordable or obsolete life insurance policy.

Today, with the advancement of Life Settlements as a mainstream financial product, Life Insurance Companies now face competition for the surrendered policies that they once monopolized. The Life Settlement Industry has created a competitive secondary market for life insurance policies. Consumers are now in the driver's seat, free to sell their policies in an open market for the highest available price, well above the cash surrender value offered by insurance companies.

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A Few Life Settlement Transaction Examples

Case Study Example #1
A 76-year-old man wanted to reduce the size of his estate and was planning on gifting a $750,000 policy to his favorite charity. The charity would take on the premium obligation, but receive the death benefit upon the man's passing. The man would be able to write-off his current CSV (cash surrender value) of $142,189. His financial planner informed him about a life settlement and how this might be a good alternative. Upon review of the insured's policy, an offer of $225,000 was made and accepted by the policyowner. The charity received the cash immediately and was not burdened with any future premium obligations. The insured was able to write off an additional $82,811 for his gift.

Case Study Example #2
Another case involved corporate-owned life insurance totaling $10 million, with a total cash surrender value of $800,000. The insured had a prospective buyer for the company and was not interested in acquiring the policies for estate planning purposes. As such, the policies would have been terminated in conjunction with completion of the sale. Due to the insured's age and change in health (recent bypass surgery,) a life settlement application was made to obtain an offer for the sale of the contracts. The client received a life settlement offer of $3.5 million, representing an increase of $2.7 million above the cash value that would have been received had the policies simply been surrendered.

Case Study Example #3
One large broker recently closed a transaction in which the policyholder received over $800,000 more than the policy's cash surrender value.

A business realized it was making expensive premium payments on a $5 million policy insuring the life of an executive that had retired several years ago. With the executive's retirement, the policy's original purchase had become outdated, and the high premium payments were in fact a liability to the business. The business was considering cashing in the policy for its cash surrender value.

The business had a valuable source of capital. Regarding the policy itself, it was a split dollar whole life policy with a face value of $5 million. There were, however, loans secured by the policy in excess of $750,000. The net death benefit, after deducting for the loans, was $4.25 million. The cash surrender value of the policy was $1.2 million.

The broker was able to obtain a purchase price for the policyholder of over $2 million, thus giving the business $800,000 more than it would have received had it simply surrendered the policy for its cash value. Further, once the business sold the policy, the business did not have to make any more premium payments on the policy. Therefore, not only did the business receive more cash for the policy, but it also absolved itself of the liability of making the burdensomely high premium payments.

*(Sources: Settlement Funding, LLC, Accounting/Servicing Department; Life Settlement Corporation Annual Report filings with the Florida Office of Insurance Regulation)

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What is a life insurance settlement, life settlement company, life settlement broker and life settlement industry?

A life settlement is a transaction in which a life insurance policy owner has an unneeded or unwanted life insurance policy. The policy owner sells the insurance policy at fair market value to a third party at a price that is greater than the cash surrender value offered by the insurance company. The purchaser involved in the "life settlement transaction" becomes the new beneficiary of the policy when it matures and they are responsible for all future premium payments.

Usually, life settlements are an option for high-net-worth policy owners age 65 or older. Many policy owners are unfamiliar with life settlements, life settlement companies, life settlement brokers, and quite frankly the life settlement industry. They are unfamiliar with these entities until a life settlement agent presents the idea to them.

For more information on life settlements, please contact your life settlement agent Derik Tutt, at 404-200-5532. We will be glad to review your policy and determine if a life insurance settlement is the best way to achieve your objective.

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