|
Life Settlement NumberCruncherTM (LSNC) is easy-to-learn and easy-to-use software designed to
assist professionals and their clients in the difficult decision of whether to retain or sell an existing life insurance
policy. This indispensable software is the first commercially available professional tool to run economic “hold” (retain)
or “fold” (sell) numbers, an essential factor in the decision-making process.
LSNC software was expressly designed for life settlement professionals, life insurance agents,
life settlement brokers, attorneys, CPAs, financial planners, and trust officers.
Steve Leimberg of Leimberg & LeClair and Mike Weinberg of The Weinberg Group created LSNC
with the assistance of Ben Weinberg of The Weinberg
Group and Vince Lackner of the Lackner Group.
Leimberg & LeClair, Inc. is a 25-year-old provider of
software and creator of the popular Estate Planning
NumberCruncher, DecoupleCruncher, and QuickView.
CEO Leimberg is the co-author of Tax Planning With Life
Insurance, lead author of the 10 book Tools and
Techniques of Planning series, and publisher of Leimberg
Information Services (LISI), an e-mail news analysis/database used by thousands of practitioners.
Mike Weinberg, President of The Weinberg Group,
has more than 40 years of experience specializing in
life insurance and estate and business planning.
The Weinberg Group offers life insurance funding, life
settlement placement, and consulting and expert witness
services to professional advisors and their clients. Mike
previously served as a tax attorney in the IRS’s Office of
Chief Counsel and is both a former co-chair of the
Insurance Committee of the Real Property, Probate and
Trust Law Section of the American Bar Association and
the editor emeritus of its primer series entitled The
Insurance Counselor.
 Advisors have both an ethical and professional obligation to
clients to determine, not only how much the client would
net in a sale of existing life insurance, but also if – or how
much – his or her family needs the insurance proceeds and
how much the family would lose if the policy is sold rather
than retained. Professionals have a further duty to search
for and analyze the viable alternative premium sources
before a decision is made to sell an existing policy
(assuming it is truly needed but the client can’t figure out
how to “afford” it). Similarly, if the policy is owned by an
entity (i.e., it is a key-person or buy-sell policy), an
analysis must be made of whether it is in the business
entity’s best economic interest to sell or retain the policy.
LSNC was created to run the “HOLD or FOLD”
numbers” – so that professionals can compute the
economic viability of a sale – in conjunction with taking a
hard look at the other long-term needs, objectives, and
circumstances of the client and the client’s family and/or
business. Either one without the other deprives the
client of a full, fair, and completely objective analysis.
Furthermore, LSNC helps clients who are thinking of
selling their policies to be more comfortable with – and
better understand the context and implications of – a sale.
Donald H. Kelley in Trusts & Estates (Feb. 2008):
“A growing number of experts now believe that informing clients about offering life settlements should fall under the fiduciary duty of a financial advisor.” This concern extends to other advisors during the estate planning process, such as attorneys and accountants. The new Life Settlement NumberCruncher™ program by Steve Leimberg and Mike Weinberg addresses this issue."
"This program is a specialized tool to address potential life settlement situations that may arise in your practice. In the event of future increase in the federal estate tax exemption, life insurance policies that have outlived their usefulness may become the potential subjects of life settlements in addition to those for which life settlements may presently be appropriate. Once the life settlement issue comes up in your practice, you need to have a grasp of the math and economics involved, if you are to appropriately serve your client. Life Settlement NumberCruncher™ will assist you in this regard."
Kelley Rating (one asterisk = lowest, to five asterisks = highest):
- Ease of navigation, design of interface and learning curve ****
- Instructional documentation and help system ****
- Carries out the goal of the product as advertised *****
- Overall usefulness ****
CLICK HERE FOR THE COMPLETE TRUSTS & ESTATES REVIEW BY DONALD KELLEY
(Adobe PDF)
Important Notice: Life Settlement NumberCruncher is designed to be installed ONLY to individual computers. For more information on our 10-user and company or firm-wide license, contact Kathy Maphis at Leimberg & LeClair, Inc. (610 924 0515).
As is the case with all Leimberg and LeClair Inc. software, Life Settlement NumberCruncher (LSNC) comes with a 30-day, "no-questions
asked" 100% money-back guarantee.
Please call 610 924 0515 (to place a phone order)
Top
|
