Lifeline Program Announces Record Life Settlement Sales Gains
2008-08-11 02:00:00
Lifeline Program Announces Record Life Settlement Sales Gains
ATLANTA (EMWNews) August 11, 2008 —
today announced that as of July 31, the life insurance settlement
company has already outperformed last year’s
record sales numbers. Riding a wave of factors including a thirst for
settlements as an investment from financial institutions, an influx of
converted term policies and an increase in policies from seniors feeling
the pinch of the economic slowdown, overall policy volume has seen a
dramatic spike.
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“After completing an outstanding year in 2007
we were optimistic, but this year has greatly exceeded even those
expectations,” said Wm. Scott Page, president
and CEO. “We have seen gain after gain.”
Though exact figures were not released, Page said that the company has
managed more than half a billion dollars in face amount of policies in
the past year with the company’s current
financial partners.
Page attributes much of the success to the company’s
processes for evaluating policies and a new program that trains agent
groups on the finer points of building a life settlement business.
The proprietary policy evaluation system quickly identifies ideal
settlement opportunities while singling out and removing Stranger Owned
Life Insurance (STOLI) policies from settlement consideration.
The marketing and sales program is designed for organizations seeking
additional products, services and expertise to improve and sustain
performance in the increasingly competitive financial services
marketplace. The P3 Program (Production –
Performance – Profit) enables agencies and
agents to build a new market with life settlements, broaden revenue,
increase commissions and further penetrate existing clientele. The
Lifeline Program is currently accepting letters of intent from
qualified agencies.
“For 19 years, we have been developing
business processes that streamline life settlement transactions,”
said Page. “We have a production system that
can be scaled to any size operation and the back-office ability to
seamlessly evaluate policies to maximize profitability and minimize risk.”
based in Atlanta, Ga., is a division of Wm. Page & Associates, Inc.
Founded in 1989, the company actively partners with insurance agencies
and broker dealers to establish profitable and ongoing life settlement
business lines. For more information on life settlements or the P3
Program, contact Audrey Morgan of The Lifeline Program at 800-252-5282,
by e-mail at [email protected]
or visit www.thelifeline.com.
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