Life Settlement Transactions

This week on the Wealth & Law Podcast, Brent and Rachel sit down with Jamie Mendelsohn to discuss life insurance policies and the life settlement market. Many people may be surprised to learn that a life insurance policyholder can sell their existing policy to a third-party for a one-time cash payment. The payment is generally more than the surrender value, but less than the actual death benefit of the policy. This transaction, known as a life settlement, can help create liquidity for the policyholder and free them up from an unnecessary policy. Brent, Rachel, and Jamie dive into the process of a life settlement, the taxation of life insurance sales, how a life settlement may help trustees of trusts owning life insurance policies, and how COVID-19 has changed the life settlement market. Jamie Mendelsohn serves as Executive Vice President for Ashar Group, LLC. She partners with the nation’s leading wealth management firms, attorneys, CPAs, trust, and financial planning advisors in the Secondary Market. Jamie’s national network and advanced sales experiences has led Ashar to many key accounts. With a proven ability to successfully analyze an organization’s business needs, she helps Ashar’s business partners grow their Secondary Market solutions in an efficient manner. For upwards of a decade, she has worked closely with independent and professional advisors, regional broker dealers and brokerage general agencies, as well as Financial Institutions with a national footprint. She has spoken at numerous financial services conferences and provides continuing education for both financial advisors and professionals nationwide. Her capacity to handle the most complex cases, and her relentless pursuit of excellence representing the interests of advisors and their clients, places her in the top echelon of market professionals. You can contact Jamie at [email protected] or at 407-772-1818 ex. 222.