February 4, 2012

Please Ponder This Plea From Pleas: A Continuing Story of Corruption in Kentucky

I make my return to writing here with some rather intriguing news of criminal harassment by the Lexington Police on several levels. My ‘vacation’ was not by choice but rather by cyber-attack. After my campaign bringing up implications of murder committed by Lexington Police officers and the coincidental death of an officer on the job during that time I was sent a virus. The virus and a key-logger attack were done to my computer by way of a Facebook invite by a member of the slain officer’s family and the key-logger attack came straight from the Lexington Police Department forensics department. More recently, my articles here bringing attention to racism and corruption in the local court system invited more cyber-attacks. I will continue to fight against corruption in government and to bring you all of the information; the truth no matter where that leads.

Recently, I received a letter I had requested from Pleas Lucian Kavanaugh describing the police corruption and harassment he has gone through in Lexington. His story is identical to mine and others. The stories just take place with different people in different places but the patterns are the same. Lexington has a fraternity type of police force that has gotten away with too much for too long and now believes it can do as it pleases to anyone it chooses.

Please listen to this plea from Pleas Lucian Kavanaugh and do what you can to help him. Feel free to contact me with any information you might have to help his case, my past cases or the murder of Deborah Wardlaw. Confidentiality, as always, is assured.

Pleas Lucian Kavanaugh:

While it might be beyond my ability to convey a respectable version of my dilemma in this small allotment, I wish to emphasize from the onset that the affects of what has happened to me cannot be understated and that if this account is somewhat beyond the standard length, it is so for the depth of the actions taken against me by a power well beyond my capacity to contend with.
As such, I would implore that my circumstance be given attentive and thorough consideration as I am, quite literally, under the most oppressive and sweltering attack at the hands of the Lexington Police Department; an attack which I fear will not end until either I have been unjustly incarcerated, murdered or until such time as responsible parties are held accountable for a most egregious affront to liberty, justice and all things idealized by civilized humanity.
Let the facts be submitted to an impartial eye.
In November of 2004, just prior to my 25th birthday, I was informed by a Detective Elizabeth Adams that I had been accused of sexual misconduct by a classmate and was charged with felony rape and sodomy. After 2 ½ years and multiple plea offerings, the matter would be settled rather succinctly by jury trial with my innocence affirmed.
Prior to the resolution of that matter, in the fall of 2005, on the 1st of November around 2am, I was enjoying the holiday festivities with two friends when three Caucasian men pulled to a stop light near our parked car and began shouting racial slurs. When a member of my party replied, the men parked and approached us; one with an over-sized wrench in hand. By some miracle, we managed to avert a physical altercation then, but encountered the same group again later, just a few blocks away. Our parties exchanged insults, momentarily, before a police cruiser, approaching distantly, compelled us to resume our course none the worse for wear.
Not to be deterred, the cruiser followed my party until an officer, a lady by the name of Jacquelyn Richardson, hopped out and demanded the three of us to sit on the curb. I politely explained to her that while we would be glad to answer any of her questions, we would not be inclined to sit for the sake of it being soaking wet but most importantly for the sake of our dignity as we had done nothing to justify her subordination.
Before I could finish the sentence, she responded by grabbing my arm, an act she would later qualify as an attempted arrest. As I demanded an explanation, another officer, by the name of David Boroschik, approached me from behind and began choking me. Before I knew it, I would be body-slammed and nearly suffocated, squealing desperately for passersby to witness the event. To accentuate my humiliation, Officer Richardson aimed a bottle of mace as I lay helpless and threatened one of my friends with the same fate as he attempted to shield my eyes from its stream.
At the end of the night, I was bloody and battered and charged with resisting arrest, disorderly conduct and alcohol intoxication. It would take two trial attempts to resolve the matter, as the first resulted in mistrial after Richardson was discovered conversing with a jury member, a clear violation of my right to a fair trial. But the second attempt proved successful and eye witness testimonies would later corroborate my account. In what would be the first of several of my trials, I was acquitted of all charges.
At which point I filed a 1983 action against Lexington Fayette Urban County Government, effectively inciting the most tumultuous period of my life as members of the police department began targeting me for any and every crime they could imagine, contrive or invent.
Some three days after I gave a deposition in my attorney’s office, at which Officer Richardson was present, she spotted me exiting a club with friends. Accompanied by several other officers, they isolated me and inevitably arrested me for disorderly conduct and alcohol intoxication under the pretense that I was speaking too loudly. When a trial date was set during horse sales, my public defender requested an extension citing that two of my witnesses would be unable to attend as they were involved in the horse industry working as blacksmiths. The request was denied. Against an all white jury, stripped of all support, I was convicted on both charges even as a recording, provided by the police, featured nothing more than a heated conversation on the night in question.
On one occasion leading up to that trial, I was represented by a public defender from another county, Rhonda Atkins, for a status conference. She introduced herself and explained that my usual representative had taken maternity leave, and then excused herself to converse with the prosecutor. After a short time, she returned, seeming slightly perturbed and told me that while she could hardly believe what had just happened, the prosecutor had suggested she neglect my case as I was, suing everyone over this. I thanked Ms. Atkins for her honesty. And though we resumed a rather routine day in court, the implications of her warning have resounded throughout my entire experience with the legal system in Lexington.
I was once arrested for alcohol intoxication while speaking on a payphone. When I asked the officer why he’d engaged me in the first place, he claimed that I fit the description of a suspect in the area. When the citation described the suspect as black, male, with a jacket, the charge was quietly dismissed the following day.
On another occasion, I was approached by a familiar officer, while observing a fistfight, and told that I was no longer allowed to witness the incident. When I explained to the officer that he did not have the authority to prohibit me from merely witnessing an incident, he responded to the effect that his authority over me was without limit and that he would be obliged to prove the point if I was inclined to let him. I remained undeterred and was promptly arrested. Incidentally, the arresting officer had been accompanied by one David Boroschik, the same officer who had nearly killed me a few years earlier. Disappointed by my experiences with impotent public defenders, I opted to represent myself in the matter. After some minor haggling with the prosecutor, the case was dismissed.
In the following years, my experience with local police became characterized by one frivolous arrest after another until my rap sheet had mutated into a curious litany of charges, dismissals and acquittals; the story of my oppression common knowledge to most downtown Lexingtonians. I was even once warned by a police officer friend that claimed to have overheard other officers discussing me. He admonished me to be careful, but when I requested suggestions, only shrugged and flaccidly advised that I avoid being caught alone with the police if at all possible.
A disagreement with my civil attorney regarding the manner of handling my case, namely that I felt the various incidents should be strung together in the lawsuit to demonstrate a pattern of harassment, led to our separation and I began representing myself in federal court, pro se, while actively pursuing more proactive and competent representation.
Meanwhile, a settlement conference ordered by Federal Judge Jennifer Coffman was wholly unproductive when the negotiation was deemed to be not in good faith, by defense attorney, Carolyn Zerga, when I refused to settle for a monetary amount of less than ,000. Finally, I found an attorney in Louisville upon a friends suggestion. Months later, my spirits would plummet to an unprecedented low upon discovering that my case had been dismissed without prejudice citing failure to prosecute. Attempts to obtain a satisfactory explanation from my attorney were less than successful, but he later informed me that his attempts to revive the effort in court were equally unproductive.
Injustice notwithstanding, I must admit that a part of me welcomed the prospect of not having to deal with police in court or on the street or in any other part of the veritable nightmare that had become my life. I had assumed that, at the very least, I would be able to live unencumbered as the police would have no further motivation to harass me. And then, on the afternoon of December 8th, 2009, a former employer informed me that I was, once again, the subject of a police investigation.
According to the police, someone had attempted to kidnap a pregnant woman at the downtown transit center several days before. According to the investigating detective, Elizabeth Adams, the very same officer who had failed in her attempt to incarcerate me several years prior, the suspect fit my description without question. Adding insult to injury, I was also flippantly charged with an unsolved robbery which had taken place in late October. As an aside, Detective Adams would later acknowledge, in her preliminary hearing testimony, that I had not been a suspect in either crime until she had become personally involved.
In the coming days, I would become the subject of an intense manhunt by the police and US Marshals which involved scouring my Facebook page to locate the names of my associates, some of whom I had not seen in years, and invading their homes and their parents’ homes; interrogating patrons of downtown businesses which I was known to frequent and even threatening people with prosecution should they assist me in the acquisition of a private attorney. Perhaps most disparagingly, I was featured in several televised editions of Crimestoppers, in which I was characterized as armed and dangerous and alleged to have been previously convicted of sexual assault.
A motion for discovery would later reveal that in both the robbery and the attempted kidnapping, the suspect(s) stood approximately 6?4?? tall. I stand at 5?10??. In both instances, the assailant was said to have a military-style crew cut I have suffered from male pattern baldness for the better part of a decade and am unable to grow hair. In the transit center incident, the suspect was said to have gold teeth. With all due respect, I have donned gold teeth not one day of my life.
Repeated attempts to obtain video evidence from the transit center security system have been remarkably unsuccessful. To this day, no person acting on my behalf has seen a video of any crime occurring in the early afternoon on December 8th despite the 16 cameras littered throughout the facility. Finally, it was my good fortune to have been in the company of my landlord, on the morning in question, as he repaired my broken heater.
When the suspect in the robbery incident was alleged to have left DNA evidence, I offered a sample of my own genetic material to squelch the issue. After several weeks, inquiries regarding the DNA were ignored until a prosecutor alleged to have had no knowledge of any genetic examination whatsoever. There is little question that the DNA evidence has mysteriously disappeared because the results were exculpatory to the defense.
Detective Adams admitted to my lawyer, during my interrogation, that I had not been identified using a photo array or a lineup, but that she had personally identified me from a composite sketch and then shown a single photo of me to the victims in both incidents. When my attorney asked her repeatedly whether she had used an array or a single photo, she reiterated several times that she had not used a lineup, but had relied on her personal identification of me from a composite sketch to make the ID. It was only when my attorney expressed some dismay at the admission that she became reserved and refused further questioning.
At the preliminary hearing, when my attorney asked again about how she’d arrived at a positive identification, she quickly produced a lineup and recanted her previous story. After some debate, she explained that there must have been some misunderstanding at the interrogation and that she’d used a lineup all along. Not surprisingly, all attempts to obtain the interrogation tape have been unsuccessful. As per this writing, both matters are still pending despite the host of startling inconsistencies in the evidence.
In March, I was referred to as Mr. Celebrity, by a downtown beat cop patrolling my neighborhood, forced out of a friend’s car, threatened with a taser and arrested essentially for refusing to relinquish my digital tape recorder.
To continue recounting my own personal experience with police misconduct and brutality and abuse would be an effortless, if extensive, task despite that many might find it hard to fathom the essence of my plea.
Just prior to my 25th birthday, I had never been charged with any crime beyond a traffic violation. Subsequent to filing a lawsuit against the City of Lexington, I have been arrested more times than I can count, the overwhelming majority of which have resulted in dismissals or acquittals. And while some might suggest those results to be evidence of a healthy judicial process, my so-called victories have come at the cost of my social standing, my morale, and very nearly my sanity. I am the hostage of a system which aims to effectively barrage me with accusations so libelous and corrosive and expensive that I no longer function within the parameters of a normal life.
My existence is now subsidized expressly by the charity of loved ones as no person in this economy, or any other, has a prayer of obtaining meaningful employment as a perpetually pending felon. I am a sideshow, criticized as a nuisance by police and judges alike; a pariah, ostracized for the continual fear of an impending tide of blue uniforms; men and women parading under the guise of public service, but motivated with the real intention of draining my fortitude until I am but a shell of my former self, tortured inside a cell or better cold within a grave.
I am the victim of a state sanctioned mob with virtually no incentive to refrain from abusing me. I am a word to the wise; the decapitated head; that warning against even the thought of challenging the local establishment. And to this very day, the police continue to violate my rights as a minority, as a citizen and as a human being. They have pilfered my liberty, smothered my happiness, and I have little doubt that in due time they will even end my life.
It is for these reasons that I petition your support in the acquisition of competent legal representation to fight the grave injustices done against me and to help publicize the rampant abuses of authority taking place in Lexington, Kentucky. I seek criminal representation to defend against the latest string of bogus charges brought against me as well as proactive civil representation to hold the city and all appropriate civil officials accountable for crimes against the constitution. It is my belief that the truth resides with the domain of public scrutiny and that such abuses persist when those who would transgress against freedom are allowed to revel in obscurity. It is with no small hope that I implore your concurrence, your sympathies and your resources.
Sincerely,

Pleas Lucian Kavanaugh

pleaslucian@gmail.com

The cyber-attacks on my computers may have slowed me down but they gave me time to investigate and write more articles. I will be continuing to update you on these issues while introducing some new subjects over the next few days. Please feel free to comment, make suggestions and pass this story on to others.

Ancient Discoveries of 2009 Part I

2009 has remained an interesting twelvemonth for archeologist. Various, important uncovering have been unearthed, and will yet let investigator to carry info regarding the ancient yore and civilization of mankind. I have observed that numerous discovery of unexampled and ancient specie, along with the latter archeologic finds, ostensibly look to be reoccurring at an unvarying charge in Recent twelvemonth. The included link render image.

Ancient Skeleton Discovery

Germany, near a burg known as Bad Lauchstadt, has revealed the antediluvian minimum of an eve WHO supposedly lived during the Bronze Age (estimated to be 2200 to 1600 B.C.). An archaeological study squad discovered the minimum, which apparently remained nearly intact via a posing place. The dig should reveal additional point and info regarding ghetto on the Querfurter Platte, a value here for settler between the Saale and Unstrut Aar valleys. Because the respective farmstead is conveniently located among these river, fertile dirt provided for adequate husbandry and hunt. Researchers expectancy to reveal statesman item shortly.

http://news.nationalgeographic.com/news/2009/11/photogalleries/archaeology-skeleton-icon/scale.HTML

400+ Year Old Slate pay in Jamestown, VA

Though not quite suited by the aforementioned title of “antediluvian,” archeologist recently discovered a tablet dating dorsum to the clip of early English colonist residing in the Jamestown, VA country. For those servant with the part, it was a former perm colony inhabited by explorer John Smith. The abacus was discovered in a yesteryear excavation that solon than likely provided the colonist with H2O. However, maiden the class of clip, the H2O became contaminated and the excavation eventually subsided as a shit. The abacus discovered herein, recited double icon, sketch, etc. of plant and creature of the New World. Though the exact dating, owner, and reading of the tablet is questionable, investigator are suggesting that it was utilized by the master settler, before the wintertime known as the “Starving Time.” Of class, eve with all the unanswered query, this find is without a dubiety, extremely interesting.

HTTP://news.nationalgeographic.com/news/2009/06/090608-jamestown-slate.HTML

Vampire Exorcism Skull Discovered

During the Middle Ages, person lacked info regarding the disintegration of the body, etc., and were people by humor hint near the gap of the gob of the departed. Though this is green, sensing of such happening LED to belief regarding occult beings, such as vampires. In dictation to subdue the suspected vampire, typically affiliated as a pestis casualty, an adobe would be placed between the jowl bone in bidding to prevent the malady from further taint. In early 2009, a digging revealed a bone exterior Venice, Italy, with the aforementioned affect.

http://news.nationalgeographic.com/news/2009/03/090310-vampire-Graf.HTML

National Geographic Explorer (2009). Top ten archaeological finds. Retrieved Dec 28, 2009.


Understanding Life Settlements

Life assurance policy tin have many different type of eigenvalue added aspect. They have the decease payment, the expectation of change eigenvalue accretion, and accelerated payment and other rider. But there’s single solon payment that ghetto assurance policy offering, a plus that you tin sale to another contrarian.

A ghetto settlement is the process of selling your ghetto assurance policy to a buyer. He or she will pay a certain amount for your policy, usually more than your change value, depending on your age and ghetto expectancy. When you die, your family will get none of the decease benefit, the buyer of your assurance policy will.

The procedure of merchandising a ghetto assurance clericalism initially started with thing called a “Viaticle Settlement.” Viaticle settlement were used to steal ghetto assurance policy from someone WHO were terminally ailment. They were especially popular in the 1980′s when the Aids pandemic was in full-of-the-moon activity.

While there are still company that take portion in viaticle settlements, the statesman popular derivative these days is a life settlement. Since your death is an unsure situation in term of maturity and clocked, you win’t get as much in a life settlement as you would doing a viaticle settlement because there is a risk that you might unrecorded a yearn time-remember the buyer of your policy will only return a return on his or her investment when you pass away and the death gained is transferred to him or her.

Life settlement tin be a success assistance to mortal WHO demand appropriation present. It is important to remember that once you sale your clericalism through a ghetto colony, there will be no expiry payment for your beneficiary. In improver, you whitethorn not be able to buyback additional ghetto assurance policy because of your wellness, ghetto anticipation or decease payment positiveness already issued.

Seniors Financial Rescue

If you’re afraid of this Financial Crisis, Seniors over age 70, look to your estate plan for help

Most seniors’ assets have been pummeled in the financial markets, losing as much as 40% of their hard earned retirement.

The stock market and related Real Estate investments under the current situation are not easily liquidated without suffering enormous losses.

The most authoritative advisors are uncertain with regard to when the market will begin to stabilize. This brings concern as to how many will survive this “Perfect Storm”.

If you are over 70, you may find a financial “life raft” in your estate plan. Seniors over 70 are finding the Large Life Insurance Policies they purchased to pay estate taxes can be sold at a considerable profit and used for long term care insurance.

Now more than ever, Americans are seeking new ways to navigate this financial crisis we are in. Many individuals who currently own life insurance contracts aren’t aware that a life settlement can generate substantial impact and achieve financial freedom by transforming an un‐realized asset into immediate capital. Our clients have used their settlement funds for a variety of reasons – to eliminate debt, start new investments, purchase replacement insurance that is more relevant to their current needs and even help family members who may be suffering financially and need the capital now.
Leveraging a proprietary analysis tool, Retirement experts provides policy owners with a 360‐degree view of their unique options, outlining the economic benefits, tax ramifications and estate planning rationales for selling, maintaining, replacing or purchasing additional insurance for their estate or business planning needs.

If a life settlement is chosen by a client as the best option once the policy appraisal and in‐depth analysis is complete, Retirement experts works with nearly 30 of the most credible, reliable and qualified institutional funders to secure the highest offer possible. Unlike many of its competitors, Retirement experts is proactive in disclosing the gross and net offers to every client to ensure absolute transparency throughout the entire life settlement process.

In addition to working directly with clients, Retirement experts also takes an industry leadership role by hosting regular educational webinars for CPAs and financial planning professionals. Each webinar provides attendees with valuable information, topics and trends regarding the life settlement industry and how it may be a viable option for their own clients.

Life Settlement Quote

Let us help you get an accurate assessment of the true settlement value of your life insurance policy. This will enable an informed decison for keeping vs. selling your current life insurance policy today. By completing the form below, we will be able to provide you with preliminary estimates of the high and low values of your insurance contract and begin the process of a no-obligation, free certified policy appraisal using our unique proprietary appraisal tools.

Fieldset


Verification

Government Accountability Office Report Discusses Life Settlements

life settlementsRare is the instance when a product or service delivers more than expected. Rarer still is when the return on investment is beyond expectations, especially in a recessionary market. Yet news out from the federal government has shed new light on the inherent value of the life settlements market.

The United States Government Accountability Office of the federal government has taken an interest in the life settlements market recently, releasing a report outlining the current life settlements market, regulatory challenges, and recommendations going forward. The news was intriguing – life settlement companies surveyed reported that on average, consumers receive nearly eight times the surrender value of their life insurance policy in a typical life settlement agreement. For life insurance policy holders looking to find value in a stagnant market, the news couldn’t come at a better time.

In a tight financial market, consumers are looking for ways to cut costs. Also, those things that were once affordable have become a strain on the budget. The life settlement market has offered an alternative to cashing in a life insurance policy or worse, allowing it to lapse, which causes policy holders to lose all their premium investment. Because the return for those selling a policy in the life settlements market is so high, policy holders can not only alleviate a costly premium payment, but also bring in additional cash when it’s most needed to pay for long term care insurance.

That said, life insurance policy holders should not take the decision to sell their policies lightly. You as a policy holder need to understand how the sale could affect you:

  • Prices are not guaranteed. Just because today’s life settlement market is bringing a large return does not mean your policy will fare the same. By and large, such settlements will net you a greater return than surrender, but many factors determine price on the life settlement market. Review your policy with a life settlement broker to understand what to expect.
  • Getting more life insurance later is not always possible. Nearly 35 percent of all life insurance policies sold lapse. Insurance companies do not look favorably on life settlement deals because a policy that doesn’t lapse costs them money. Some insurers have begun to deny coverage to customers who have sold a policy in a life settlement deal. If you need life insurance coverage, talk over your options with a life settlement broker.
  • You’re selling your death benefit. As a policy seller, you should understand what it is you’re selling. Your sold life insurance policy stays in force and still covers your life. However, the death benefit no longer belongs to you or your beneficiaries. Your sales price transfers the death benefit to the policy buyer.

Smart policy holders will review carefully their life settlement options with a qualified life settlement broker. The more you understand your rights and your options in a life settlement deal, the more likely you’ll make the smart choice that fits your lifestyle.

Life Settlement Market Viability

No one wins in a recession. Markets that have gained substantial ground in sound economies often lose momentum and, depending on several factors, could falter or fail altogether. So when the US economy hit an all-time low, it was no surprise to see all financial markets grind to a halt – including life settlements.

Be it fears of the economy, losses from traditional markets, or the reluctance to try new venues, buyers in the life settlement market laid low in late 2008 and most of 2009. The result – an influx of sellers and a buyer’s market. Prices paid went down, and the market began to feel the pinch of the national economic meltdown.

The good news is the life settlement market may have faltered, but it was far from failing. Even in the hard times, buyers turned to the market looking for a way to recoup losses felt in other investment areas. The result – while the payout to sellers did decrease, sellers were still able to realize a bigger payout for their life insurance policies than they would have received via traditional policy surrender options. And life settlement offers remained fair to both buyer and seller, even during the recession’s low points.

The better news is that the life settlement market has shown signs of a strong recovery. Experts note that new buyers are beginning to enter the market, and life settlement sales are increasing. Whether you’re a buyer or a policy seller, the capital and the opportunity is there.
The benefits for sellers:

  • The life settlement market allows sellers to realize a more realistic market value for their policies. Insurance companies go a long way toward providing policy holders’ beneficiaries with sound benefit amounts. But if the policy holder no longer wants or needs the policy, neither the investment amount nor the benefit payout are realized.
  • The return on investment for unused policies far outweighs an otherwise useless policy benefit. If your key person, whom your company purchased life insurance for, is no longer with the company, the life settlement market offers a great way to recoup that investment without the company having to surrender the policy.

The benefits for buyers:

  • Buyers can spread their portfolio risks to more stable, better performing markets in an unstable economy. The fluctuations in the life settlement market are much less volatile than fluctuations in traditional stock, bond, real estate, and mutual fund markets. Buyers can realize steady returns and have a wide selection of policy pools to choose from.
  • Life settlement offers are becoming more creative. As capital limitations hit the life settlement market, the ways in which buyers purchased life settlements adapted. Sales offers such as upfront payments with participation in the death benefit at the death of the insured have made the market much more buyer-friendly during the recession.

Whether you’re buying or selling life settlements, you should consult a life settlement broker to understand your options and current market conditions. Policy holders need to review current price estimates, and buyers should evaluate the types of life settlement structures available to them. Even in a tough market, life settlements remain a sound alternative investment vehicle.

When Should You Sell Your Life Insurance Policy?

The doomsday reports that litter the Internet disparaging the life settlements industry are often misguided and have little basis in the reality established amongst the legitimate participants in the industry. The “seller beware” caveat that most retiree’s are bombarded with is oft maligned. Yes, there are risks to the life settlements market, as with any investment option. No, the risks do not supersede the potential benefit of a life settlement transaction, nor are they solely borne by the seller.

So far, the main risks to sellers include a lower-than-expected sales offer and not dealing with a reputable life settlements broker. The seller can always decline settlement offers, and brokers can be vetted against NAIC insurance regulations to ensure compliance with licensure.

Industry estimates range on how many life insurance policies lapse (where no death benefit is paid out to the insured’s beneficiaries.) Conservative estimates say that 70 percent of all life insurance policies (both term and permanent insurance) written lapse before any benefits are paid. Instead of letting them lapse, policy holders are now opting to sell the policies on the life settlements market.

That has insurance companies understandably upset. The revenue once generated by lapsing policies has been impacted by life settlement transactions. That has a few insurance company spokespersons crying foul, warning sellers to avoid settlement transactions with observations such as the significant policy value lost during a sale – some claiming up to 75 percent of the policy’s death benefit.

And that’s true. A portion of the value of your life insurance policy is lost upon the sale of that policy to a life settlement buyer. However, there are certain situations in which it makes perfect sense to sell your policy in a life settlements arrangement.

Some of the situations in which a life settlement agreement could be ideal include:

Your policy is about to lapse. You cannot make the premium payments or your policy has become too expensive and unaffordable. If the policy lapses for failure to pay, you lose all your investment, including all premiums you’ve paid to date as cash values are typically drawn down to replace premium payments.

You no longer need coverage. When you bought the policy, you had no other financial means of protecting your family or your business from the financial repercussions of your death. An insurance policy made sense and offered you affordable protection. Has this scenario changed since you purchased the policy?

You don’t have beneficiaries. One of the primary reasons to own life insurance is to protect your family and your beneficiaries in the event of your death. However, circumstances may have changed and that beneficiary relationship may no longer be appropriate. Policies that made sense thirty years ago may be inappropriate today.

You have enough money to cover your expenses. Universal policies allowing you to grow an investment while protecting your beneficiaries gave policyholders the option to get a small return on the policy investments. However, you’ve now completed a successful career or business and you simply have outgrown the policy.

You’re looking to liquidate assets. Your beneficiaries are financially secure, your spouse has enough to live on or is deceased, and you could use extra money in your savings to pay for medical expenses or for retirement and travel. A viable way to obtain additional funds is to sell your life insurance policy to life settlement investors and use the proceeds of the sale however you wish.

Its important to remember that by definition, a life settlement will remit a lump sum cash payment that is greater than the cash surrender value that the carrier would pay out if a policy was surrendered, but less than the death benefit. If the settlement offers do not exceed the cash surrender value, then there is simply no transaction. A simple way to conceptualize this is by example. Say you want to sell your Cadillac, which is 2 years old. You take it to the dealer where you purchased the car and they negotiate a purchase price. You then advertise the car online. If a third party discovers the car online and offers more than what the dealer offered, you would want to sell your car to this third party. This is analogous to a life settlement, whereby a buyer wants to purchase your life insurance policy for more than what the insurance carrier would pay you for the policy via the cash surrender value. If no third party offer exceeds what the dealer offered, you would return the car to the dealer for their agreed upon price. This is analogous to surrendering your life insurance policy to the carrier for the cash surrender value.

Working with Life Settlement Expert

Life Settlement Expert’s friendly counselors understand your issues. They will listen – and help you navigate through the maze of decisions, leading you to a successful life settlement.

We work for you to simplify the Life Settlement Process.

We will first consult with you to discuss:
1.  Your Needs
2.  The Process
3.  Options

You Provide:

1.  Completed Application and Signed
Authorization

Life Settlement Expert Will:

1.  Collect Medical Information
2.  Negotiate settlement with our Providers
3.  Evaluate options with you

Completion of Process:

1.  Life Settlement Expert will prepare all transfer documents
2.  Together we will review final offer
3.  Money is deposited into escrow account
4.  Upon completion of transfer funds are wired into your
account.

Client Benefits:

1.  Assists in financial freedom
2.  No Cost
3.  Relief from current premium expense
4.  Gives you the option to
CHOOSE

What’s Next?:

What Advisors Should Know About Life Settlements

Every advisor is familiar with the term “fiduciary”. A fiduciary is “one that stands in a special relation of trust, confidence or responsibility in certain obligations to others”. Fiduciary comes from the Latin root fiducia meaning trust. CPAs, attorneys, financial advisors and insurance agents are fiduciaries to their clients. With that position of trust comes a responsibility and an obligation to advise clients on matters that may affect their financial or economic well-being.
In the last dozen years, an industry has evolved that provides a senior who owns a life insurance policy an opportunity to realize cash (while living) in excess of the policy cash surrender value. Some might argue that the policy owner can withdraw or borrow against the policy cash values. This is, of course, true. What it does not solve is the ongoing premium obligation to keep the policy in force. What if the policy is no longer needed or affordable?

The life settlement industry provides a secondary market alternative to policy lapse or surrender for those unneeded or unaffordable polices.

Why is the secondary market important? Without a secondary market, the only option a senior has to dispose of a life insurance policy is through lapse (non-payment of premium) or surrender (selling it back to the issuing company for a predetermined price). Imagine if you were obligated to sell to sell your home back to the builder for an agreed upon price when you purchased it. Would the market for real estate be as robust as it is with only one buyer? Would any market be strong with only one buyer? Of course not. Prices would be artificially low because of the lack of incentive to pay more than the previously agreed amount. This is the way the life insurance industry works. The secondary market brings to the senior, on average, 3 to 4 times the amount of the cash surrender value depending on the age of the insured, his/her health status, the size and type of policy, and the amount of the guarantee by the issuing company.

The secondary market brings several buyers (generally institutions) to the market for your client’s policy. They compete against one another with the policy going to the highest bidder. Your client is the beneficiary of this competition. As a fiduciary, it is important that you understand that getting multiple buyers involved is the only “true” way to determine fair market value. Sourcing a single buyer does not guarantee your client the highest possible price for the policy.

Fiduciary responsibility dictates that advisors be aware of the secondary market for life insurance and present it as an option to a client when the situation warrants.