New Standardized Report Ensures Life Settlement Disclosure
Cleveland, OH (PRWeb) February 8, 2007 -- An automated report introduced by Life Settlement Insights, LLC, will provide complete pricing information for policies the firm brings to the secondary market. LSI's introduction of the Secondary Market Efforts Report and Offer Summary Sheet coincides with the firm's third anniversary.
The report, which is now standard for all transactions brokered through LSI, includes general policy information, the number of potential buyers solicited, a complete bid history, and an illustration of the value-created.
"The Offer Summary Sheet is representative of how we have operated since the beginning, in terms of transparency, full disclosure and working to secure the best possible offer for the policy owner," said Jim Cavoli, LSI's president and chief executive officer. "Given the persistent concerns in the industry regarding anti-competitive practices, it is time to standardize the disclosure document and demonstrate how the interests of the advisor and broker should be aligned with those of the client."
The detailed report uses text, graphs and other illustrations to provide a comprehensive overview of how a particular client's policy was presented to the market.
"It's another value-added service for the agent," said David Dalton, LSI's manager of marketing and corporate communications. "This report will make communication with the client easier and result in a greater number of successful transactions. We hope it will become the industry standard, and believe it's a very appropriate way to mark LSI's third anniversary."
About Life Settlement Insights
Founded in February, 2004, Life Settlement Insights (LSI) is a leader in the national secondary market for life insurance, operating through a network of financial service agencies. The firm helps advisors realize fair market value for clients' life insurance policies by structuring and negotiating settlements with a national database of financial institutions.
How To Find A Trusted Reverse Mortgage Broker
The better the reverse mortgage broker you choose the better the deal on your reverse mortgage. The sad reality of reverse mortgages if that certain people who have been conned by a shady reverse mortgage broker find that their first reverse mortgage paycheck is not as much as what they anticipated. A corrupt reverse mortgage broker takes more than their fair share of the proceeds in a deal that they were not fully upfront about to the consumer.
How To Get The Best Reverse Mortgage Rates
As with your first home mortgage and all major purchases, you need to shop around when considering a reverse mortgage to ensure that you are getting the best rate available. Talk to your family and friends, use mortgage calculators online and preview rates on various websites to be well on your way to finding some great mortgage rates for your reverse mortgage.
Advantages and Disadvantages Of A Reverse Mortgage
Betty and John, are in their mid-seventies and are currently weighing the advantages and disadvantages of a reverse mortgage as a way of freeing up some cash. The couple purchased their home 45 years ago for about $14,000 since then home values have skyrocketed and recent single family homes in their neighborhood have been selling for a minimum of $160,000.
How A Reverse Mortgage Works
Ever wonder how a reverse mortgage works? For folks that have lived in their home for a long time, they may very well be sitting on a gold mine. Home prices have increased greatly over the last thirty years, and nationally have nearly doubled in value over the last ten years. This has left a great many homeowners with valuable equity in their homes and many different options to access that equity, home equity loans and mortgage refinances being the most common. For older Americans, there is another, less common option that is growing in popularity as home prices have increased and baby boomers have moved closer to retirement age: the reverse mortgage. But do you know what it is, and do you know how a reverse mortgage works?
Finding Honest Reverse Mortgage Companies
With millions of Americans now at or approaching retirement age, the problems of failed pensions, inadequate social security, and escalating health insurance costs are threatening to cause a massive increase in the number of seniors who will be struggling to stay financially afloat during their golden years. Many of these people have turned to reverse mortgages as ways to supplement their retirement incomes, and if you are thinking of joining their ranks, you need to be sure your reverse mortgage is handled by a reputable lender.
