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In-force illustration - Magna Life Settlements

What Is An Inforce Illustration?

An inforce illustration might sound like a concept only understood by insurance professionals, but in fact it is quite straightforward and a critical step in the life settlement process. After a person over the age of 65 does preliminary research into a life settlement using Magna’s simple calculator or through a phone call with a Read more >>

Portrait of senior businessmen . Happy and satisfied.

Cash Surrender Value [Facts and Options]

When a life insurance policy has outlasted its usefulness, the first step is for a policyholder to consider the best next option, and for universal and whole life policies that process starts with determining that policy’s cash surrender value. In order to understand the surrender value and its potential benefits or drawbacks, an individual at Read more >>

How to Prepare for Historic Wealth Transfer From Boomers to Generation X

How to Prepare for Historic Wealth Transfer From Boomers to Generation X

There will be an as a stunning number of [wealth transfer’s] with significant repercussions from boomers to Generation X. According to a recent report from Cerulli and Associates, Baby Boomers will wealth transfer approximately $68 trillion in assets to their heirs or charitable organizations in the next quarter century. Most of that money will end Read more >>

Retirement Expenses

How Seniors Spend Their Retirement Expenses [2019 Guide]

Retirement expenses in 2019 [What do Seniors Spend in Retirement?] It’s something every adult understands—saving for retirement is a necessity. But beyond the nebulous idea of “putting money away for later,” or just creating a budget worksheet, how much do we really know about the actual costs incurred by American seniors? It’s a misconception that spending Read more >>

What is a Life Settlement? [2019 Guide]

What is a Life Settlement? [2019 Guide]

In many circumstances, a life insurance policy is an important investment that can benefit those left behind when a loved one dies. Many financial advocates would recommend life insurance to a client, but those same advisors understand that the efficacy of life insurance often runs its course. What alternatives exist for older policy holders who Read more >>

Questions to Ask Yourself Before Lapsing Your Policy - Magna Life Settlements

Lapsing on Insurance Policy [Do This Before Lapsing ]

For a host of reasons, insurance policies that seemed like a good idea during an individual’s middle-aged years can become a burden as that person ages. There are undoubtedly good reasons for a policyholder to shed such an unwanted policy, but what many people don’t understand is that there are other options to lapsing a Read more >>

Active older Americans riding bicycles

Trends In America’s Aging Senior Population

Everyone who works with seniors knows that the American population is older than ever before, but what are the broader implications of this upward aging trend? How can people over 65 and their advocates optimize the retirement years? Dan Veto, a senior advisor for Age Wave, addressed these questions in depth at the Life Insurance Settlement Read more >>

Guide to Navigating Retirement - Magna Life Settlements

How To Avoid Feeling Stuck In Retirement

The cost of retirement is higher than ever, creating a pressing need for Americans to find ways to prepare financially for retirement as wisely as possible and use their retirement funds well after they stop working. Everyone knows they should prepare for their retirement years so that they can enjoy that season in life rather Read more >>

When Families Change, Life Insurance Needs Can Change Too

When Families Change, Life Insurance Needs Can Change Too

When someone takes out a life insurance policy in their ‘30s, ‘40s or ‘50s, that purchase is predicated on assumptions about the future of the policyholder’s family. But unexpected changes to the family structure can occur over the years, and for seniors those changes might lead to the consideration of a life settlement. Insurance For Read more >>


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