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Chesapeake Financial Settlements, LLC was born out of the need for a life settlement broker to provide highly professional and transparent life settlement services to the financial advisory community. We exclusively broker qualified life insurance policies on behalf of professionals in the financial services, estate planning, accounting, and charitable communities. We provide them a full-service turn-key partner that allows them to navigate the new planning solutions provided by this emerging marketplace. Based on a study conducted along with the Wharton School of the University of Pennsylvania, Criterion Economics, LLC estimated that in 2004 the life settlement marketplace improved policy owner’s welfare (increase over cash surrender value) by an additional $686 million.(1) Additionally, they noted that, “a large portion of life settlement transactions lead to new, more cost-effective life insurance sales with better guarantees provided to consumers."(1) This is one reason why the Wharton study concluded in the their 2002 article published by the American Bar Association that life settlements are “pro-competitive and pro-consumer”.(2) Chesapeake's
expertise in the secondary market can assist advisors in improving
their client’s welfare by
identifying opportunities to tap previously unidentified value
and planning opportunities
presented by unneeded, unaffordable or underperforming life
insurance assets. Our strategic relationship with dozens of
institutional funding
sources allows us to create a competitive marketplace that
insures that the highest value is received for the client’s
policy. |
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