Market Potential
The target market for life settlements is the population age 65 and older.
- Owns an estimated $500 billion of in-force life insurance, nearly half of which is held by individuals age 70 and older.1
- Will increase 20% between 2000 and 2010 2
- Will number over 80 million people by 2050 2
Combined with the fact that an estimated 90% of all universal life policies do not mature into death claims 1, this creates an opportunity that is immense… and growing.
Industry experts estimate that life settlement sales will grow to $50 billion per year within the next 10 years. This will inject an incredible $10 to $20 billion in new wealth into the economy.3
Despite these statistics, many financial professionals and their clients are unaware that life settlements exist and may pose a more attractive alternative than surrendering their policies for the cash value, or worse, simply letting them lapse.
The opportunity extends even beyond that. Were you aware that 65% of all life settlements result in the purchase of new insurance?
Let 3 Mark Financial help you capitalize on this market. We will give you the knowledge, the tools and the support necessary to offer your clients the choices they deserve.
1 September ’04 issue of Journal of Financial Service Professionals, by reference to Milliman U.S.A. “Report on Life Settlements,” National Underwriter, March ‘04
2 United States Census Data
3 California Broker, “Institutional Funding and Life Settlements,” by Greg Albers