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Life Settlement Advice and Placement
We assist clients and advisers in navigating the complex and virtually unregulated life settlement market.
If a client is considering the sale of a policy, we help determine whether the client is economically better off retaining the policy until the insured’s death or selling it now. If the decision is to sell, we place the policy with the life settlement provider making the best offer to the client.
Mike Weinberg received his Juris Doctorate from the Harvard Law School. He is both a former co-chair of
the Insurance Committee of the Real Property, Probate and Trust Law Section of the American Bar Association and the editor emeritus of The Insurance Counselor primer series published by that Section.
Mike is also a noted author and lecturer. He is the co-developer with Steve Leimberg of "Life Settlement
NumberCruncher™," a new software program designed to help clients and their advisers decide whether to "hold" (retain) or "fold" (sell) a life insurance policy.
- Advise clients and their advisers about the economic viability of retaining a life insurance policy or selling it in the life settlement market.
- Place policies on behalf of clients in the life settlement market (where appropriate).
- Obtain competitive offers for clients from life settlement providers by an independent formal written bid process.
- Treat a life settlement as a "security" with the attendant higher standards and client protections afforded by the securities laws.
- Provide full and complete disclosure of both offers made and compensation received in life settlement transaction.
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