Life Settlements Explained with Philip Giordano | Ep. 12 | My SBA Loan Pro Podcast

Unlock the hidden value in your life insurance policy! In this episode, Phil dives into the world of life settlements—what they are, who qualifies, and when selling your policy could be a smart move. Hear real stories of clients who received far more than their cash surrender value and discover the key signs that it might be time to explore your options. Whether you're a senior, a business owner, or a financial advisor, this is essential viewing for anyone looking to make the most of their life insurance.If you liked this content, let's connect on social media:Instagram: https://instagram.com/mysbaproTwitter: https://twitter.com/mysbaproLinkedIn: https://linkedin.com/in/ryanpatryckChapters:0:00 – Introduction to Life Settlements0:30 – How Phil Entered the Life Settlement Industry2:40 – What Is a Life Settlement? 4:13 – When Should You Consider a Life Settlement? 7:18 – Term vs. Universal vs. Whole Life Policies10:05 – Ideal Age & Health for a Life Settlement12:21 – Real Client Examples: How Much Cash They Received16:32 – Pitfalls to Avoid 20:02 – How Life Settlement Buyers Determine Value24:49 – Why Many Financial Advisors Don’t Know About Life Settlements28:03 – Tax Implications of Selling Your Policy32:15 – Common Uses for Life Settlement Cash36:40 – How to Get Your Policy Evaluated40:50 – Debunking Whole Life Insurance Myths45:00 – Final Takeaways & Next StepsMore Subject Matter Experts Playlisthttps://youtube.com/playlist?list=PL1v-z-ZlTQ4FuSfq8GRuV9jJY3dd5vw9p&si=04XGGOYICU8pngKN⁠More ThinkSBA Resources⁠https://calendly.com/thinksba - Schedule Callhttps://g.page/thinksba - Google Business Page & Reviewshttps://thinksba.com/faq - Frequently Asked Questionshttps://mysbaloanpro.com⁠ - My SBA Loan Pro Podcasthttp://youtube.com/@thinksba - YouTube Channel