Unlock the hidden value in your life insurance policy! In this episode, Phil dives into the world of life settlements—what they are, who qualifies, and when selling your policy could be a smart move. Hear real stories of clients who received far more than their cash surrender value and discover the key signs that it might be time to explore your options. Whether you're a senior, a business owner, or a financial advisor, this is essential viewing for anyone looking to make the most of their life insurance.

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Chapters:

0:00 – Introduction to Life Settlements

0:30 – How Phil Entered the Life Settlement Industry

2:40 – What Is a Life Settlement?

4:13 – When Should You Consider a Life Settlement?

7:18 – Term vs. Universal vs. Whole Life Policies

10:05 – Ideal Age & Health for a Life Settlement

12:21 – Real Client Examples: How Much Cash They Received

16:32 – Pitfalls to Avoid

20:02 – How Life Settlement Buyers Determine Value

24:49 – Why Many Financial Advisors Don’t Know About Life Settlements

28:03 – Tax Implications of Selling Your Policy

32:15 – Common Uses for Life Settlement Cash

36:40 – How to Get Your Policy Evaluated

40:50 – Debunking Whole Life Insurance Myths

45:00 – Final Takeaways & Next Steps

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