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achievement blur charity 1493374 150x150 - Sell Your Insurance Policy and Leave a Legacy

Sell Your Insurance Policy and Leave a Legacy

Some older Americans find themselves looking for a way to leave a legacy and give back to their community during their retirement years. With enough money in hand for retirement and long-term costs, these seniors find that contributing their money to a charity of choice a fulfilling way to spend their retirement dollars. For retirees Read more >>

administration agreement banking 618158 150x150 - Bill HR 7203 to Allow Life Settlements to Fund Long-Term Care

Bill HR 7203 to Allow Life Settlements to Fund Long-Term Care

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 >>

Magna Life Settlements | Sell Life Insurance Policy Online

Magna Featured on Lifetime’s Designing Spaces

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 >>

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Reverse Mortgage vs. Life Settlement

According to the National Institute for Retirement Security, the deficit of retirement savings in the United States is between $6.8 and $14 trillion. As the cost of retirement precipitously rises, it’s more important than ever that seniors stay informed about sources of extra income like reverse mortgages and life settlements. The features and requirements of Read more >>

key man insurance 150x150 - How A Life Settlement Can Help Resolve Key Man Insurance Issues

How A Life Settlement Can Help Resolve Key Man Insurance Issues

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 >>

Life Settlement Policy Math - Magna Life Settlements

Life Settlements: Why The Math Works

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 >>

Bankruptcy Soars Among the Elderly

Bankruptcy Soars Among the Elderly

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 >>

How to Navigate Your Expenses in Retirement - Magna Life Settlements

How to Navigate Your Expenses 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,” 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 >>

Life Settlements Give You Independence

Selling Your Life Insurance Policy Gives You Independence

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 >>

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