Amrita Financial Delivers Life Settlements in Partnership with Finance Logix

Written By: Kelly Ramirez on April 25, 2010 No Comment

Amrita Financial partners with Finance Logix to bring life settlements to financial planners and wealth managers. The partnership brings unprecedented life settlement tools to financial planners. Amrita Financial will supply its life settlement analytical tools and life settlement transactional platform for use by Finance Logix financial planners. The result is financial planners will have more robust tools that allow them to better understand clients’ life insurance values and treat a life insurance policy as a sellable asset. This will allow financial planners and their clients to access more information and ultimately make the best decisions possible.

The partnership will have Amrita Financial providing analytical tools through a familiar Finance Logix interface to financial planners. One important tool will generate a deterministic value of a life insurance policy on the secondary market, also known as a policy’s life settlement value. Up until this point, financial planning software provided financial planners with just information on a life insurance policy’s cash surrender value. That is the amount a life insurance company will pay the policy holder to surrender or give up the policy. Life settlement values can be 200-500% of the cash value.

Only after learning the value of a life insurance policy on the secondary market can planners and their clients decide the best strategy for an unwanted or unneeded life insurance policy. Understanding that a life insurance policy has value beyond the cash surrender value offered by an insurance carrier allows financial planners and their client to make the best decision.

Finance Logix software is now able to assist financial planners place a client’s life insurance policy onto the secondary. Financial planners can now access the Amrita Financial electronic life settlement platform directly through Finance Logix. By doing so, financial planners now have increased transparency into the transaction and can view real time status of things such as offers, number of financial institutions bidding and documentation collected.

The new Amrita Financial and Finance Logix strategic partnership will make a significant impact on the way life settlements are originated. There is now an option that provides much better transparency and accountability compared with traditional life settlement brokers.

By partnering with Amrita Financial, the Finance Logix software offering becomes more robust and ultimately more beneficial to the clients served by financial planners using the system.

Learn more about life settlements. Stop by Kelly Ramirez’s site where you can find out all about life settlement brokers and what they can do for you.