SARASOTA, Fla. (BusinessWire EON) March 25, 2007 -- Phil Wasserman, one of the nation’s leading experts in life insurance and president of Phillip Roy Financial Services, one of the leading firms in retirement income planning and sellers of annuities and life insurance, is announcing a new series of white papers on the settlement of existing life insurance policies, known as “Life Settlement.”

“Life Settlement is when a person no longer needs or wants an existing in place life insurance policy that he or she or a trust has owned for more than two years,” Phil Wasserman says. “And many people over the age of 65 don’t even know that many Wall street firms want to purchase their existing insurance policies. Instead, they lapse the policy, leaving huge amounts of money on the table. Experts estimate that over 60% of all life insurance policies dealing with people over the age of 65 lapse. These upcoming white papers will help make many people aware of their alternatives.”

Phil Wasserman speaks to thousands of planners, agents and retirees annually nationwide, from California, Las Vegas, Chicago and Florida. He has published and written numerous articles on annuities, life insurance and retirement income planning. The upcoming white papers will be among a new series Wasserman is writing to aid life insurance agents, retirees, financial planners and other professionals. They will be free.

Phillip Roy Financial Services has over 500 representatives nationwide and is one of the fastest growing firms in its industry.

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