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How Selling Your Life Insurance Policy May Help Your Retirement

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 >>

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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 >>

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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 >>

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Trends in Today’s Aging Americans

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 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 >>

Life Insurance Liability - Magna Life Settlements

Has Your Life Insurance Policy Become a Liability?

Many senior Americans are stuck paying premiums on a life insurance policy that no longer serves their needs, but it doesn’t have to be that way. With a life settlement, that burdensome policy can be transformed from a liability into an asset, and a situation that usually favors the insurance company can shift to provide a windfall for Read more >>

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Know Your Life Insurance Options

Life insurance policyholders are consumers who have the right to know the product they own and the options they have regarding that product, but often insurance companies use such confusing language that their clients feel lost. For seniors, there are really three simple options for a life insurance policy, and the right path could be different for each Read more >>

1.1..13 2 150x150 - Life Settlements: When Do They Work?

Life Settlements: When Do They Work?

Misunderstanding about the life settlement market causes many seniors to disregard what can be an excellent option for an unneeded life insurance policy. Fortunately, the guidelines of life settlements and the variables that affect an individual’s eligibility for a settlement are easy to grasp, and investigating the settlement option can be a difference maker for a senior seeking extra Read more >>

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