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Tuesday, May 25, 2010

SOUND INVESTING: Alternative Investment Opportunities for Accredited Business Owners

Sound Investing with Jason Lampa, MBA


More often than not, most investors have tunnel vision when it comes to viewing the entire opportunity set available to them. When they are able to adjust the lens, a new world of investment opportunities open up to those who can understand the difference between perceived and actual risk.

Experienced investors understand that sitting in cash or short-term income notes will not provide sufficient returns in the long-run. Investors are looking for equity-like returns with the volatility of fixed-income. Finding an opportunity like this is challenging; however, there may be opportunity to find such an opportunity in Life Settlement contracts.

A life settlement is the selling of one's life insurance policy to a third-party for a one-time cash payment. The purchaser then becomes the beneficiary of the policy and begins paying the premiums. Typically, these policies have face amounts in excess of $250,000.

Enterprising individuals realized that billions of dollars in face amount of policies were being lapsed or surrendered simply because the insured no longer needed the coverage or did not want to continue with the premium payments. These contracts (policies) were being sold (or even given) back to the issuing insurance company for a fraction of their true value. Should somebody wish to make the premium payments to keep the policy in force and pay the insured a lump sum value much more reflective of what the policy was worth, then that person could become the owner and beneficiary of the policy and realize its benefits at the insured’s demise. That is, in a nutshell, what a life settlement is. An insured sells the benefits of his or her policy to somebody else in order to realize a greater gain from what he or she has paid in so far. After the sale of the policy, the investor must maintain all premium payments in order to keep the policy in force. It is really just a function of contract law; an insurance contract is being bought and sold, much like mortgage contracts are bought and sold. (Global Wealth Management)

Life settlements have gained favor among institutional investors as viable investment options to then in-turn sell to accredited investors. The attractiveness of this investment opportunity is that these contracts are not tied to the stock market or any other index; it is directly dependent on mortality and is independent of traditional financial fluctuations.

Industry experts believe that regulation, demographics and a low national savings rate will drive the expansion of the supply in the life settlement market.

Before putting money into a life settlement vehicle it is critical that you consult with a financial advisor who is experienced in performing due-diligence in this space. There are companies within the life settlement industry that are promising returns of 30-40% annually. They are forecasting these results over 8, 9 and 10 year periods. If it sounds to be good to be true, it probably is. A conservative life settlement program should provide you between 6-8% return over a 10 year period, and can possibly yield more if the contract were to mature quicker than expected. As with any investment there are risks. Please speak to your financial advisor before entering into one of these contracts.


For more information, please visit Jason's TNNWC Bio.



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