One misperception about life settlements is the idea that only those with universal policies can benefit from a settlement. In fact, individuals with term policies that they no longer want or need might be eligible for a cash windfall if they understand how to convert their term to universal. It’s an all-too-common scenario: A policyholder Read more >>
Seniors have more options than ever in their retirement years, especially if they take care of themselves and stay healthy. Aleksander Doba paddled from New Jersey to France in a solo kayak when he was 70. Sister Madonna Buder completed an Ironman Triathlon—a 2.4-mile swim, 112-mile bike and a full marathon—at the age of 82. Read more >>
Because a life settlement can be an excellent source of income to help pay for retirement expenses, no one should miss that windfall simply because they don’t understand the life settlement process. As the word gets out about the potential upside of life settlements, seniors who are likely to benefit from these transactions need guidance 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 >>
Recent reforms have helped increase the popularity of life settlements, since changes to the tax code make it a more favorable option for seniors looking to convert a life insurance policy. Specifically, the March 2018 tax bill included several provisions that should change the way consumers view a potential life settlement, including: Reduction of Taxes Read more >>
As the life settlement market increases in visibility, more and more seniors are learning that a settlement can be a profitable way to get a cash benefit from a life insurance policy. The key to making a decision concerning life insurance options, however, is understanding who is eligible for a life settlement and who is Read more >>
What agents don’t know can hurt the financial future of life insurance policy owners. About half of all agents are uninformed about the benefits of life settlements, which is the sale of a life insurance policy for cash to an investor. Because of this disconnect seniors are missing valuable financial opportunities. Take the case of Read more >>
Knowledge is power for seniors focused on the optimal management of their finances, and a recent movement of state disclosure laws will increase consumer understanding of their life settlement options. Studies show that consumers who sell their life insurance policies receive four to seven times more money than they would receive from surrendering policies, yet Read more >>
A life insurance policy is designed to remain in place for decades, providing you and your loved ones with peace of mind. This is because death benefits can provide loved ones with financial support after you pass away. However, your personal finances can change drastically over time and you may be in a situation where Read more >>
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