Life Settlements Sales Boom Expected in 2021 as the First Baby Boomer turns 75
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Join Life Settlements Expert Rob Haynie and capitalize on the Life Settlement sales boom expected in 2021 as Baby Boomers turn 75.
In 2021, the first Baby Boomer turns 75 years of age. Life Settlements typically tend to occur when the seller is in their 70’s. This is a major potential market for producers, like you. Life settlements are gaining in popularity with seniors who are looking to supplement their retirement savings while cutting expenses such as the premiums on a life policy that is no longer needed or affordable.
According to the U.S. Government Accountability Office or the GAO Report, a typical senior realizes that a settlement is on average of 7x greater than policy's cash surrender value.
Key statistics show the real need many of your senior clients face:
- 14% of Seniors Have a Written Retirement Strategy
- 52% Say They Will Continue to Work After Retirement
- 26% Have a Backup Plan for Retirement Income
Don’t let your clients surrender their life policy, give your clients an average of a 7x greater return and earn a significant, ancillary commission to add more to your bottom line.