Tag: Life Insurance Policies
Educating Advisors on Life Settlements: Get Ready To Learn From A Top Insurance Advisor (Ep. 3)

Educating Advisors on Life Settlements: Get Ready To Learn From A Top Insurance Advisor (Ep. 3)

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Advisors often hesitate to discuss life settlements with their clients.

But do they truly understand the process and the potential benefits for both parties? 

In this episode, Mark Mrky and Rob Haynie sit down with John McWilliams, the President of Colorado Brokerage Group, LLC. They talk about the importance of awareness and education financial advisors need when presenting life settlements to their clients and ways they can better communicate these options. 

Additionally, they touch on the carrier-enhanced cash surrender option many insurance companies are offering to their clients and what this process is all about.

Mark, Rob, and John cover:

  • The two reasons the life settlement industry is not commonly presented as an option to clients
  • Life settlements education for advisors and the correct way they should view it
  • The tax implications of settling a life insurance policy
  • The carrier-enhanced cash surrender option and the potential regulatory and ethical issues associated with this practice
  • The importance of continuous education and awareness to help advisors and consumers understand the benefits of life settlements, which may not always work but can be a valuable option for clients in specific situations
  • And more!

Resources:

Connect with Mark Mrky: 

Connect with Rob Haynie:

Connect with John McWilliams:

About Our Guest: 

John McWilliams is the founder and president of Colorado Brokerage Group, LLC. With over 27 years of experience in the financial services industry, John provides Colorado Brokerage Group’s brokers with unmatched insurance knowledge and support. His expertise in large case design and underwriting, business succession and executive planning, and estate planning help advisors solve many concerns that their clients experience. He has helped many financial advisors grow their businesses by helping them identify and seize opportunities.

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Exploring the Benefits of Life Settlements with Mark Mrky and Rob Haynie (Ep. 1)

Exploring the Benefits of Life Settlements with Mark Mrky and Rob Haynie (Ep. 1)

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Are you struggling to keep up with payments on your life insurance policy? 

Discover how you can secure a good payout and enjoy a comfortable retirement by selling your policy by streaming the inaugural conversation of Unlocking the Hidden Value of Your Life Insurance!

This week, Mark Mrky and Rob Haynie from Life Insurance Settlements, Inc chat about the life settlement industry and how it benefits clients, advisors, and the overall field.

They explain how the industry works, why people sell their life insurance and the shocking number of seniors surrendering their policies every year. Additionally, they stress the importance of getting an appraisal and highlight who the ideal clients and buyers are.

Mark and Rob discuss: 

  • How they stumbled into the life settlement industry and how they found it to be a win-win solution for clients, financial advisors, and the arena as a whole
  • The ins and outs of the life settlement industry
  • Reasons people would sell their life insurance
  • How many seniors surrender their life insurance policies back to the carrier or let them lapse
  • The importance of getting your life insurance appraised 
  • Who is buying life insurance policies 
  • Why financial advisors and other professionals need to know about life insurance settlements 
  • And more!

Connect with Mark Mrky: 

Connect with Rob Haynie:

About Mark Mrky:

Mark Mrky is a managing member of Life Insurance Settlements, Inc, the nation’s most experienced life settlement brokerage. Their sole focus is on representing our clients to obtain the highest market price possible for the sale of the client’s life insurance policy in the secondary marketplace.

Mark began his career with LIS in 2001 and has consistently remained in the top 1% of sales in the nation. His specialty is working with and educating senior clients, estate planners, insurance advisors, attorneys, and other financial professionals about the benefits of the Life Settlement industry.

He has presented to groups such as NAIFA, Top of the Table, InsMark, Society for Financial Service Professionals, National Association of Philanthropic Planners, local estate planning councils, various Broker-Dealers, Insurance Carriers, and professional groups on the subject of Life Settlements.

Mark has a B.A. in Psychology from the University of Nebraska and is a member of the Life Insurance Settlement Association. 

About Rob Haynie:

With over 30 years of experience, Rob Haynie is the Managing Director of Life Insurance Settlements, Inc. and serves on the board of the Life Insurance Settlement Association.

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