Life Settlements

[markrosenthal]

I think I'm giving up on LIfe Settlements. The more I read on the web, the more I don't like them. Life Settlement companies are picky on who they will take. I don't know of anyone doing them anymore and I've not had any luck myself.


Is anyone having luck with them or doing them?

[Wes]

I'm contacted almost daily from different opportunities to jump on board life settlements. Give some feedback of your experiences, plz.

thx!!

[The Rabbi]

I have an excellent contract with a public company that buys 1% of the offerings. They are different in that they will sell shares to qualified investors, min 50k. They have experienced 15% average return since 1991 and have a 70% retention of investors.

As of yet I haven't done anything until I can network with wealthy people.

I think of having it in my portfolio for when the time is right. I also picked up reverse mortgages. There will probably be opportunities to meet investors if I pull their equity with no payments. It would make sense with this kind of return.

[xrac]

Here is an article about reverse mortgages that is worth reading:

http://www.insurancenewsnetmagazine.com/august09/ (Pages 46-47).

[The Rabbi]

The man is 100% correct. I could have told you that one does not take a reverse mort to invest. That is not the intent and their are laws covering it. There are instances where it would be worthwhile to take the money and put it somewhere productive to improve one's retirement, especially if there aren't any selfish children to worry about. In fact, a person could put the money into a SPWL and improve their estate value or life settlements with 15% average return, and improve their income. Never into an annuity or anything with risk to the principle.

[markrosenthal]

Life Settlements was a big waste of my time and money.