Turn a Life Insurance Policy Into Long Term Care Money (with Chris Orestis, Retirement Genius)

Most agents and families do not realize that settling a life insurance policy pays out an average of 9 times more than surrendering it for cash value. That difference can be the gap between affording care and going without it.Chris Orestis, President of Retirement Genius, joins the Direct Insurance Podcast to break down how the life settlement process actually works, how agents can add it to their practice with a single question, and why billions of dollars in settlements happen every year while most people have never heard of it.In this episode:Why life settlements pay out 9X more than cash surrender value on averageHow hedge funds and investment banks buy life insurance policies as assetsThe one question every agent can ask to open the door to a life settlementHow the full process works, from policy review to lump sum payoutWhy the process costs the policy owner nothing out of pocketThe Big Five private pay solutions for long term care, and how life settlements fit inHow agents get compensated, and why they do not need to be experts to offer thisVA aid and attendance benefits and reverse mortgages as additional funding optionsAbout the guest: Chris Orestis is the President of Retirement Genius, an information and resource platform that helps people build a well balanced retirement through financial, health, long term care, and lifestyle planning.Connect with us: Website: www.iadbrokerage.com Phone: 800-381-0977 YouTube: www.youtube.com/@iadbrokerageFacebook: www.facebook.com/InsuranceAdvisorsDirectLinkedIn: www.linkedin.com/company/insurance-advisors-direct-agency TikTok: www.tiktok.com/@insuranceadvisorsdirectNew episodes every week. Subscribe so you never miss one.