The Financial and Emotional Value of Life Settlements in Retirement with Rob Haynie

About Rob Haynie: Rob Haynie has been a leader in the life settlement industry for over 31 years, negotiating thousands of contracts and shaping its regulatory framework. He serves on the Board of Directors of the Life Insurance Settlement Association (LISA) and received the 2024 Alan H. Buerger Leadership Award. Named one of the top 10 most influential people in the industry, he has published widely, spoken globally, and co-hosts the podcast Unlocking the Hidden Value of Your Life Insurance. A Florida State University alumnus, Haynie holds a Life Agent License and continues to be a prominent voice in the marketplace.

In this episode, Shawn and Rob Haynie discuss:

• Alternative options for utilizing life insurance in retirement planning
• The financial and emotional benefits of uncovering hidden value in existing assets
• Regulatory challenges and awareness gaps within the life insurance industry
• Innovative approaches to funding long-term care and retirement goals

Key Takeaways:

• Over $112 billion worth of life insurance benefits are either lapsed or surrendered annually by individuals aged 65 or older, yet the secondary market offers a potential payout that averages 6.2 times higher than the surrender value of these policies.
• A "retained death benefit" can provide policyholders with cash upfront while maintaining a portion of the death benefit for their beneficiaries, ensuring flexibility for financial needs and legacy planning.
• Many captive life insurance agents from companies like State Farm and Northwestern Mutual are prohibited from discussing life settlements with clients, limiting consumer awareness of potential options.
• Life settlements can fund specific retirement goals, from retrofitting a home for aging in place to covering expensive long-term care, with some individuals receiving millions of dollars for their policies. 

"You can't, in good conscience, pretend you're a fiduciary financial planner in front of clients—and then pretend you've never heard of life settlements. You don't need to do it, but you do need to look at it." — Rob Haynie

 

Connect with Rob Haynie: 

Website: https://www.lisettlements.com/

Email: [e-mail]

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