Life Insurance Settlements with Jamie Mendelsohn
Got an old life insurance policy you’re thinking of getting rid of because it’s no longer necessary? Jamie Mendelsohn talks about how it could be more valuable than you think and shares her expertise into how to determine its value and potentially sell it!
Listen to us On
About the Episode
LifeBlood: We talked about what life insurance settlements are, how they work, how they’ve changed and evolved over time and the current state of the industry. We discussed why someone would consider a life settlement, the potential upside for them versus simply cashing in the policy, how to determine the value of your policy, how the auction process works to sell your policy, and who the common buyers of policies are.
We talked about the types of policies that are the best candidates for this process, how to think about the risks associated with purchasing a life insurance policy, and the mindset shift of beginning to think about your life insurance policy as an asset with Jamie Mendelsohn, EVP of the Ashar Group, an organization focused on life insurance settlements, policy valuations and trust asset reviews.
Listen to learn how to determine the value of your old life insurance policy and how to figure out if there’s a potential buyer for it!
For the Difference Making Tip, scan ahead to 16:17!
You can learn more about Jamie at AsharGroup.com, Facebook, Twitter and LinkedIn.
Thanks, as always for listening! If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well.
You can learn more about us at MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram, Pinterest, YouTube and Facebook or you’d like to be a guest on the show, contact George at [email protected].
George Grombacher
Lifeblood Host
Jamie Mendelsohn
Guest
More Episodes
How Much Cash on Hand Should you Have?
A rule of thumb for both businesses and individuals is to have at least three to six months’ worth of expenses in cash on hand. For a CFO (Chief Financial Officer), cash can be as important as profit. Without cash, business operations won’t be able to...
Saving and Investing Like a CFO
Saving and investing are two of the most important things we do with our money. There’s a lot we can learn from how Chief Financial Officers (CFOs) do it. It’s a CFOs job to invest corporate assets (or decide not to). They must manage today’s financial needs and...
Taking a Business-Like Approach to Your Time Horizon
The Securities and Exchange Commission defines time horizon as, “Your time horizon is the number of months, years, or decades you need to invest to achieve your financial goal.” You and I have enough time to do most everything we want. But we don’t have time to waste....
A Business-Like Approach to the Financial Planning Process
Taking a business-like approach to the financial planning process can help get you where you want to go with money. Having the right strategy and planning are integral to the success of a business. The CEO works to set the organization’s goals, decide on the...
How to Decrease Overhead and Increase Profit in Your Personal Finances
Businesses and individuals alike are always interested in improving their bottom line. It can be accomplished in many ways, but focusing on decreasing overhead, and increasing profit are excellent starting points. For businesses, revenue minus costs equals...
How to Build Your Financial Foundation
To become successful, you need a strong financial foundation. To do that, there are a lot of financial best practices individuals can borrow from an organization’s CFO. A CFO stewards the assets of an organization, accessing and reducing risks, maintaining...
The Goal Setting Process for Real Results
Businesses engage in a formal and organized goal-setting process. It involves strategic planning that takes into consideration time horizon, opportunity, and threats. This process demands constant updates. Do you set goals? Do you follow a goal-setting process? ...
What Living In Alignment Means and How to Do It
There’s immense value in living in alignment. You’ve heard the saying, “Stand for something, or fall for anything.” When you’re clear on what your personal mission, values, and goals are, you know what you stand for, and what you stand against. You have clarity around...
Why Have a Personal Mission Statement and How to Write Yours
There’s a lot of value in having a personal mission statement. One major benefit is that it helps you prioritize your life. Why is this important? Well, either you live by priority, or you live by pressure. Have you ever known someone who's constantly...
Join the show.
Interested in being on the show? Tell me a little bit more about you and what you’d like to talk about!