A life settlement is the sale of an inforce life insurance policy for a market value return. Policyholders receive more than the cash surrender value of their policy but less than the death benefit at maturity. The market value depends on the age and health condition of the insured, but often is in the range Read more >>
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 >>
Insurance Overload is when an insurance policy holder is overwhelmed financially with the cost of premiums – leading to a lapse in their policy. It’s an idea reinforced from the very advent of adulthood: it’s better to have too much insurance than too little. In the case of retirees, over insurance is a very real possibility, Read more >>
Planning for your retirement or calculating your retirement score can be a daunting experience. There is so much to think about, especially the amount of money you need in order to retire comfortably. Generally, the rule of thumb is that the money you may need when you ultimately retire should fall somewhere between 70 to Read more >>
Many seniors who are informed about life settlements view the sale of their life insurance policies as an all-or-nothing proposition, but policies don’t actually need to be sold in totality. In some cases, a Retained Death Benefit (RDB) offer might better serve the needs of both retirees and their family. The reasons for entering into Read more >>
Key man insurance is often a common strategy to protect the interests of a business, particularly a small business that could be in peril if its founder, president or other key employee passes away suddenly. But what options do a company or retiring key employee have when that policy is no longer necessary? In some Read more >>
When life insurance policyholders aren’t informed that a life settlement is an option for them, they could be missing out on a potential windfall. One study shows that 79 percent of seniors wish that their financial advisor had educated them about life settlements. So what does an advocate need to understand about the math behind life settlements to Read more >>
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 >>
Financial concerns have always been a part of the retirement landscape, but two recent studies indicate a precipitous situation for many seniors, with bankruptcy rates for the over-65 population surpassing those at any other time in history. Some of the most significant data came from a study compiled by four professors in partnership with the Read more >>
It’s something every adult understands—saving for retirement is a necessity. But beyond the nebulous idea of “putting money away for later,” how much do we really know about the actual costs incurred by American seniors? Retirement expenses are rising, making it more imperative that people over 65 and their advocates understand the details of income Read more >>
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