Fees for brokers in Life Settlement transactions can be extraordinarily high, in some cases equal to what the policy seller receives. Brokers and providers generally agree that consumers should know exactly how much in commissions they are paying to sell their life insurance policies, but recent lawsuits have alleged fraud and the use of "co-brokering fees" to suppress higher bids from competitors. Purchase this webinar archive to learn about the issues related to commissions and the latest legal developments surrounding disclosure.

Growth in the Life Settlement industry has initiated ongoing debate regarding the fees obtained by intermediaries, and the appropriate degree of disclosure afforded to policy sellers. This session covers agent and broker compensation issues, and explains why a more open approach to compensation matters will benefit both the Life Settlement industry’s customers and participants.

With recent amendments to the NAIC Model Act, state regulators have signaled their support for heightened broker fee disclosures in Life Settlement transactions. This session provides an overview of the legal and regulatory requirements applicable to the disclosure of broker fees and discusses the potential liability arising from those requirements.

Although advisors are quickly recognizing the financial benefits of Life Settlements for their clients, recent well publicized law suits regarding excessive commissions and co-brokering have scared many representatives away from the settlement market. This section focuses on what advisors need to do to protect themselves and more importantly their clients in an industry where transparency is not always required.

Click here to purchase archive access, or call (516) 876-8006.