The Market Ahead
Position yourself for sustained growth
You need to be in this market with an industry leader who understands the long-term value of a trusted advisor. GWG Advantage and our distribution partners want to earn your trust and provide you and your clients with support and long-term growth.
Baby boomers will only continue to impact the upward trend of the secondary market. This group of future retirees will hold a majority of the predicted $160 billion estimated face value of life insurance in the upcoming decade. And a number of factors will contribute to a need for extra income in this demographic, increasing the likelihood that your life settlement services will be of value to them.
According to the US Census Bureau, in 2005 there were an estimated 78 million baby boomers, born between 1946 and 1964, which means that the number of seniors aged 65+ will climb from 12.4 percent of the population in 2000 to 19.6 percent in 2030. And this means the market for life settlement is poised to grow exponentially. Of those boomers, over half will be women.
Add to that, this fact: A study done by Reuters in 2007 reported that affluent boomers are assisting both their parents and their children financially, with 29 percent admitting that this has slowed their retirement savings process. The need for post-retirement income will grow steadily over the next several years, as one in four baby boomers has saved less than $10,000 for retirement.
The life settlement marketplace presents a significant opportunity to enhance lives. From seniors desiring to find a means to achieve financial security now, to aging baby boomers who want to plan for the future, GWG Advantage can help you and your clients find the right solution.
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