Novers Financial Attends 2013 SIMA Conference

LAS VEGAS - June 1, 2013 - PRLog -- Las Vegas, NV - Two large events took place this week that gives the SIMA asset class using structured life settlements more exposure and support as the 2013 Life Insurance Settlement Association spring conference took place in Las Vegas, and Texas became the first state to pass a law promoting the use of Life Settlements for senior long term care structures.

Once again, the LISA conference was attended by and sponsored by large investment firms, private equity firms, pension fund managers, fractional personal investor groups, hedge fund managers and various FMOs, agents and advisors.

Novers Financial co-founder, Brady Speers, was one of those that attended the event.

"This asset class is getting more and more exposure. It doesn't need validity - investors have been doing this decades - it needs more exposure," he said. "This conference brings big players into one location to share ideas, historicals, and other strategies to help meet our clients' needs. The amount of money represented in this event is in the billions. The more people know about this asset class, what we call SIMAs, the more investors will have another option to hedge against their Market investments or other poor performing fixed investments like, bonds, CDs and some annuities."

According to Speers, the life settlement asset class is one poised to explode over the next decade.

'Think about it," he said. "We have 75 million people nearing or at retirement that are looking for better returns without risk. With caps so low on indexed annuities and interest rates so low on CDs, the safe investment options have become very slim. SIMAs aren't for everyone and not everyone qualifies to participate but for those that can it is a powerful option. The historical data supports incredible cash growth and that's what safe money investors are looking for.

In addition to the LISA conference, Texas governor Rick Perry signed a bill making Texas the first state to pass a law that will help seniors use life settlements as a means of helping pay for and providing for long term care costs. Other states are in the same process.

Novers Financial is a big supporter of organic Long Term Care Benefit Structures in which personal assets and funds are structured to help seniors prepare for LTC needs. Such structures help retirees avoid life insurance lapses, being forced into low-end nursing homes, Medicare clawback and spend-down, and and help them with both health care and long term care costs. As well, Speers stated that life settlement SIMA structures can be used to grow funds without risk to further help prepare clients for future retirement income needs.

Novers Financial was founded by Brady Speers and Chris Novinger and is currently the largest non-risk investment consulting firm in the Southwest with clients in numerous states. As licensed financial consultants, they help retirees and other investors shield their money from stock market losses, grow their investments without risk and address issues like lifetime income needs, long term care concerns and wealth transfer. For more information about Novers Financial go to their website at www.noversfinancial.com.