How Banking Professionals Unlock Hidden Value for Clients with Life Settlements

As a banker, you have a responsibility to help your clients achieve their financial goals and maximize the value of their assets. One often overlooked option for clients is the opportunity to sell their life insurance policies through a life or viatical settlement. By identifying clients who may have unneeded or unwanted policies, you can help them unlock the value in those policies and provide them with the financial resources they need to achieve their goals. Partnering with Bridge, a leading life settlement broker, can help you provide this valuable service to your clients and earn commissions on the policies sold. Contact us today to schedule a free opportunity demo and learn more about how we can help you and your clients.

Top 3 Reasons Banking Professionals Should Consider Life Settlements For Clients

1. Maximizing Asset Value: A life settlement allows a policyholder to sell their life insurance policy for an amount greater than the cash surrender value, which can provide an infusion of cash for the client while maximizing the value of their asset.
2. Supporting Clients in Financial Need: A life settlement can be an attractive option for clients who are facing financial hardship or unexpected expenses. By unlocking the value of their life insurance policy, clients can have the funds they need to pay for medical bills, long-term care, or other financial needs.
3. Enhancing Customer Relationships: Offering life settlement options to clients can set a banker apart from their competition and position them as a trusted financial advisor. By providing clients with options to maximize their financial resources, bankers can build stronger relationships with their clients and potentially generate referrals for future business.

Meet Sophia – A difference maker

Sophia was a banker who prided herself on always putting her clients’ needs first. One day, she met with a client who was struggling to make ends meet and had been considering taking out a loan to cover some unexpected medical expenses. During their conversation, Sophia asked if the client had any life insurance policies. As it turned out, the client had a policy that was no longer needed, and Sophia realized that selling the policy could provide the funds the client needed without incurring any debt.

Sophia immediately thought of Bridge, a trusted life settlement broker, and connected the client with their team. The client was able to sell the policy for a substantial amount, far more than they would have received if they had surrendered it back to the insurance company. When the time came for Sophia to receive her commission for the referral, she declined, choosing instead to donate the money to a local charity.

Sophia’s client was grateful for the unexpected windfall, and Sophia felt even better knowing that she had helped them without expecting anything in return. Through her partnership with Bridge, she had been able to make a real difference in someone’s life, and that was reward enough for her.

Connect With Bridge

Unlock new revenue streams and provide your clients with a financial solution they never knew existed. Sign up for a free opportunity demo with Bridge today and discover how easy it is to increase your earnings potential while helping your clients get the most out of their life insurance.