Life Insurance While You’re Still Alive with Rob Haynie

In this eye-opening episode of "Get Your FILL," we dive into a little-known financial secret with Rob Haynie, a 31-year veteran and pioneer of the life settlement industry. Rob demystifies the "million-dollar question": What exactly is a life settlement? He explains that it's the legal sale of your life insurance policy to a third party for a lump sum, often significantly more than its cash surrender value, especially for seniors whose original policy needs have changed.

Discover how this powerful option, recognized by the Supreme Court since 1911 as having the same property rights as a home, can provide crucial liquidity for aging individuals, allowing them to repurpose funds for things like long-term care or even retrofitting their homes for comfortable aging in place.

Rob pulls back the curtain on why this valuable option isn'tmore widely known, revealing that the life insurance industry often prefers policies to lapse or be surrendered, keeping policyholders in the dark. He shares alarming statistics, noting that $112 billion in death benefits are lapsed or surrendered by seniors annually, with only a fraction beingsettled. Learn about the ethical implications for financial advisors who fail to disclose this option and hear a shocking story of a client who lost over a million dollars due due to lack of information.

This episode is a must-listen for anyone with a life insurance policy, especially those approaching retirement. Rob emphasizes the importance of getting a free, non-binding appraisal to understand your policy's true market value. He also explores the investment side, explaining how life settlements offer institutional investors a stable, uncorrelated asset. Tune in to uncover this hidden financial gem and empower yourself with knowledge that could significantly impact your financial independence and long-term security.

Watch the video: https://youtu.be/nmrJbvSgRKo

Connect with Rob: www.lisettlements.com https://www.linkedin.com/in/rob-haynie-08656b9/https://councils.forbes.com/profile/Rob-Haynie-Managing-Director-Life-Insurance-Settlements-Inc/0b363e3e-46db-4405-89dd-6ad2e614862f