Guy Runyon Challenges Financial Advisors Everywhere to Pass the Test
WOODCLIFF LAKE, NJ – May 21, 2009 — Guy Runyon, President and CEO of EAGiL Life Settlements LLC today announced the introduction of its global education initiative called “EAGiL Ed”. The program is geared to educate financial advisors on all relevant topics impacted by the life insurance settlement industry. Life settlements have quickly become a powerful asset class. Wall Street has taken notice and identified settlements as a viable method of portfolio diversification. EAGiL Life Settlements LLC welcomes more regulation and higher ethical standards for those professionals involved. “A thorough understanding of insurance law and various state rules and regulations is a must”, says Runyon, EAGiL’s CEO. Licensing is required to negotiate settlements, and most consumers are unfamiliar with the transaction process. “Transparency and education are critical in providing consumers with the proper planning and advice they demand”, says Runyon. “We challenge professionals everywhere to join our global initiative,” Runyon went on to say.
Professional advisors must inform and educate clients about the exit strategies offered through life settlement. Policy holders must know that opportunities other than the traditional surrender of a policy exist and are fully compliant with current insurance law. Industry research revealed that the average purchase price of a life insurance policy is 3 times the current cash surrender value. “A valuable hidden asset.” Runyon says. Runyon encourages all those interested in learning more about the life settlement industry to participate in its education program offered by highly qualified and vastly knowledgeable industry professionals. EAGiL’s commitment is to educate the public and professionals about the unique opportunity of investing in an uncorrelated asset class.
EAGiL Financial Group, LLC is a national corporate and personal financial planning firm, specializing in estate planning for high net worth individuals, and conducts business in all 50 states. EAGiL Life Settlements, LLC is a life settlement provider which purchases life insurance policies in the secondary market and currently transacts business in 38 states.
Phone: (201) 497-1827