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What Are Life Settlement Funds with Kevin Nichols | 566

  • Broadcast in Finance
The Chris Miles Money Show

The Chris Miles Money Show

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In today’s 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. 

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!

Key Talking Points of the Episode

[00:00] Introduction
[03:41] Fractionalized life settlements as an alternative
[04:24] Setting up their first fund in 2010
[06:02] Focusing on private equity funds and senior life settlements
[06:52] What is a senior life settlement?
[07:44] Whole life policies 
[08:33] Where does Kevin find these policies?
[10:41] The returns from life settlement funds
[11:16] How are the funds handled?
[11:44] Buying growth in advance
[13:35] Life expectancy today
[15:02] Is it a morbid business to be in?
[16:14] The biggest player in the industry
[18:41] Is this the right investment for you?
[24:20] Life settlement funds for wealth transfer
[24:50] Working with Roth IRA funds
[25:58] How can you contact Kevin?

Quotables

“You don’t have to take high risks to get high returns. It’s how you create the lowest risk to get the highest returns possible.”

“The average age of the insurance in our funds is over 92 years old.”

“These people raise their hand and say, “I can’t afford this any longer”.”

“It’s a great vehicle for wealth transfer, but not from a tax standpoint.”

“If you’re gonna have to pay for taxes, the best alternative, of course, is to make it grow as much as you can.”

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