{"id":4223,"date":"2022-02-14T21:31:29","date_gmt":"2022-02-15T04:31:29","guid":{"rendered":"https:\/\/moneyripples.com\/?p=4223"},"modified":"2022-02-14T21:31:31","modified_gmt":"2022-02-15T04:31:31","slug":"what-are-life-settlement-funds-with-kevin-nichols","status":"publish","type":"post","link":"https:\/\/moneyripples.com\/money-ripples-st\/?p=4223","title":{"rendered":"What Are Life Settlement Funds with Kevin Nichols"},"content":{"rendered":"\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"What Are Life Settlement Funds with Kevin Nichols | 566\" width=\"1778\" height=\"1000\" src=\"https:\/\/www.youtube.com\/embed\/PUbfrJkCRhY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Do you know anything about life settlement policies and funds? Life settlements are another great way for you to make your money work for you, especially if it\u2019s growth you\u2019re looking for.<\/p>\n\n\n\n<p>In today\u2019s episode, we are joined by Kevin Nichols, the master of life settlements and the managing partner at Penumbra Solutions. His Penumbra Fund invests in life settlements with lower costs so you can get your money working for you with the lowest risks and greatest returns possible.<\/p>\n\n\n\n<p>Watch this video to learn more about life settlements from Kevin and to see if it is an investment that will work for you and your goals!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"quotables\"><strong>Quotables<\/strong><\/h3>\n\n\n\n<p>\u201cYou don\u2019t have to take high risks to get high returns. It\u2019s how you create the lowest risk to get the highest returns possible.\u201d<\/p>\n\n\n\n<p>\u201cSenior life settlements are policies that seniors no longer need, want, or can afford. They sell it to us, we buy it, we pick up the premium payments, and when that senior citizen passes, we collect the death benefit.\u201d<\/p>\n\n\n\n<p>\u201cFor our purposes, universal life policies are perfect.\u201d<\/p>\n\n\n\n<p>\u201cThe average age of the insurance in our funds is over 92 years old.\u201d<\/p>\n\n\n\n<p>\u201cThey come to us, we have brokers and attorneys that bring them to us. We don\u2019t ever go looking for them directly, we don\u2019t ever have any hand-to-hand or face-to-face, everybody is kept at arms\u2019 length.\u201d<\/p>\n\n\n\n<p>\u201cWhen the insured passes, we collect the death benefit and we distribute it amongst the owners of the fund.\u201d<\/p>\n\n\n\n<p>\u201cWe can\u2019t touch the money. We have a third-party custodian, an intermediator, who handles all the money.\u201d<\/p>\n\n\n\n<p>\u201cIn this business, what we do is, we are buying our growth in advance. We know exactly how much we\u2019re gonna make from every single policy. What we don\u2019t know is when we\u2019re gonna get it.\u201d<\/p>\n\n\n\n<p>\u201cWe don\u2019t have to rely on the medically underwritten life expectancy estimate because we really put much more weight on two actuarial departments &#8211; the CDC and the BBT.\u201d<\/p>\n\n\n\n<p>\u201cThese people raise their hand and say, \u201cI can\u2019t afford this any longer\u201d.\u201d<\/p>\n\n\n\n<p>\u201cIf you\u2019re gonna need to use this money in the next 10 years, don\u2019t put it here. This is a growth fund, not an income fund.\u201d<\/p>\n\n\n\n<p>\u201cIt\u2019s a great vehicle for wealth transfer, but not from a tax standpoint.\u201d<\/p>\n\n\n\n<p>\u201cIf you\u2019re gonna have to pay for taxes, the best alternative, of course, is to make it grow as much as you can.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you know anything about life settlement policies and funds? Life settlements are another great way for you to make your money work for you, especially if it\u2019s growth you\u2019re looking for. In today\u2019s episode, we are joined by Kevin Nichols, the master of life settlements and the managing partner at Penumbra Solutions. His Penumbra <a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?p=4223\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  What Are Life Settlement Funds with Kevin Nichols<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":4224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cashflow-expert"],"acf":[],"rttpg_featured_image_url":{"full":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols.jpeg",1280,720,false],"landscape":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols.jpeg",1280,720,false],"portraits":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols.jpeg",1280,720,false],"thumbnail":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols-150x150.jpeg",150,150,true],"medium":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols-300x169.jpeg",300,169,true],"large":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols-1024x576.jpeg",1024,576,true],"tf-client-image-size":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols.jpeg",120,68,false],"1536x1536":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols.jpeg",1280,720,false],"2048x2048":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols.jpeg",1280,720,false],"bloom_image":["https:\/\/media.moneyripples.com\/wp-content\/uploads\/2022\/02\/14213016\/What-Are-Life-Settlement-Funds-with-Kevin-Nichols-610x343.jpeg",610,343,true]},"rttpg_author":{"display_name":"Danielle Hollembaek","author_link":"https:\/\/moneyripples.com\/money-ripples-st\/author\/daniellehollembaekgmail-com"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/moneyripples.com\/money-ripples-st\/?cat=1\" rel=\"category\">Cash Flow Expert<\/a>","rttpg_excerpt":"Do you know anything about life settlement policies and funds? Life settlements are another great way for you to make your money work for you, especially if it\u2019s growth you\u2019re looking for. In today\u2019s episode, we are joined by Kevin Nichols, the master of life settlements and the managing partner at Penumbra Solutions. His Penumbra&hellip;","_links":{"self":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4223"}],"version-history":[{"count":1,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4223\/revisions"}],"predecessor-version":[{"id":4225,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/posts\/4223\/revisions\/4225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=\/wp\/v2\/media\/4224"}],"wp:attachment":[{"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyripples.com\/money-ripples-st\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}