Leimberg & LeClair, Inc., and the Weinberg Group, Inc., announced the release of Life Settlement NumberCruncher (LSNC), software designed to assist professionals and their clients in the decision of whether to retain or sell an existing life insurance policy. The software runs economic "hold" (retain) or "fold" (sell) numbers, an essential factor in the decision-making process.
Co-creators Steve Leimberg of Leimberg & LeClair, Inc., and Mike Weinberg of The Weinberg Group, Inc., emphasized advisors have an ethical--if not legal--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, the client's family needs the insurance proceeds and how much the family would lose if the policy is sold rather than retained.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.