The right life insurance policy can be an important safety net at the time it is purchased, and the injured can live for many years knowing that loved ones will be taken care of if something unforeseen happens. But such policies can outlive their usefulness, and many people fail to realize that a life insurance Read more >>
If you live in the United States today, odds are you will need long term care at some point. The cost of total long term care is rising each year. Long term care insurance (LTCI) is a type of insurance designed to help you pay for long term care needs. Nursing homes, living facility, medical Read more >>
A new bill being weighed by the U.S. House of Representatives would make provision for the tax-free rollover of life settlement proceeds into tax-free accounts dedicated to long-term care. The bill, H.R. 7203, was sponsored by Rep. Kenny Marchand (R-TX) and referred to the House Ways and Means Committee on November 30. H.R. 7203, known Read more >>
Designing Spaces on Lifetime Television featured Magna Life Settlements in November! During the episode, an older couple explored the process of a life settlement, the advantages of pursuing a sale of a life insurance policy and the various ways the cash from a settlement can meet the family’s needs during their retirement years. Clay Gibson, Read more >>
Americans have more choices than ever—about television shows, car services, or where to get their news, shop, and book travel. So it would follow that seniors seeking financial help during retirement should be informed about every viable option, including life settlements. This option, which can convert an unneeded life insurance policy into a windfall, is Read more >>
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