Amrita Financial Delivers Life Settlement Tools To Financial Planners

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.

Once a planner and their client do decide to pursue a life settlement, their Finance Logix software is ready to further serve them. The Finance Logix software is tied into the Amrita Financial life settlement transactional platform which will allow the seller to receive bids from financial institutions. The transparency of the Amrita Financial system is vastly improved over the traditional bricks and mortar life settlement brokers. Financial planners and policy sellers have access to all of the critical information from the start of the life settlement process to the finish. Planners and clients can see all of the insurance and medical record documentation that has been collected, the number of financial institutions actively bidding and all offers in real time.

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.

In summary, look for Amrita Financial to become a fixture in the financial planning community as a result of this strategic partnership with Finance Logix.

by: Kelly Ramirez

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