| Amrita Financial Delivers Life Settlements in Partnership with Finance Logix |
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| Written by Kelly Ramirez |
| Sunday, 25 April 2010 14:10 |
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Amrita Financial partners with Finance Logix to bring life settlements to financial planners and wealth managers. The partnership brings unprecedented life settlement tools to financial planners. Amrita Financial will supply its life settlement analytical tools and life settlement transactional platform for use by Finance Logix financial planners. The result is financial planners will have more robust tools that allow them to better understand clients' life insurance values and treat a life insurance policy as a sellable asset. This will allow financial planners and their clients to access more information and ultimately make the best decisions possible.
Amrita Financial partners with Finance Logix to bring life settlements to financial planners and wealth managers. The partnership brings unprecedented life settlement tools to financial planners. Amrita Financial will supply its life settlement analytical tools and life settlement transactional platform for use by Finance Logix financial planners. The result is financial planners will have more robust tools that allow them to better understand clients' life insurance values and treat a life insurance policy as a sellable asset. This will allow financial planners and their clients to access more information and ultimately make the best decisions possible. One of the most important aspects of the strategic partnership are the analytical tools provided by Amrita Financial to Finance Logix users. The tools will be embedded into the Finance Logix interface and provide a familiar look and feel to financial planner users. The highlight of the analytical tools is the life settlement valuation component. Amrita Financial will provide a deterministic valuation for each of the life insurance policies, giving financial planners an idea of a policy's value on the secondary life insurance market. This life settlement estimate allows financial planners to better understand their clients' true financial position and compare a potential life settlement vs. the cash surrender value of a policy. Traditionally a life settlement can fetch 200%-500% more than a policy's cash surrender value. Understanding the life settlement value of a life insurance policy allows financial planners and their clients an opportunity to determine the best course of action with an unneeded or unwanted life insurance policy. Financial planners and their clients benefit because they do not have to assume a policy's value is limited to the cash surrender value. Once a planner and their client do decide to pursue a life settlement, their Finance Logix software is ready to further serve them. The Finance Logix software is tied into the Amrita Financial life settlement transactional platform which will allow the seller to receive bids from financial institutions. The transparency of the Amrita Financial system is vastly improved over the traditional bricks and mortar life settlement brokers. Financial planners and policy sellers have access to all of the critical information from the start of the life settlement process to the finish. Planners and clients can see all of the insurance and medical record documentation that has been collected, the number of financial institutions actively bidding and all offers in real time. The new Amrita Financial and Finance Logix strategic partnership will make a significant impact on the way life settlements are originated. There is now an option that provides much better transparency and accountability compared with traditional life settlement brokers. As a result of this partnership, Amrita Financial's life settlement tools and electronic platform will become the preferred tool for financial planners. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Want to find out more about life settlements, then visit Kelly Ramirez's site on how to choose the best life settlement broker for your needs. |