Health care costs are constantly on the rise. According to AARP, the average cost of medical expenses for an American couple over the age of 65 is $240,000. That amount is astronomical to a retired couple living on fixed retirement incomes and heavily dependent on social security. A life settlement could provide immediate financial relief.
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Life settlements, the sale of life policies in exchange for cash payouts, are an extremely viable option that have saved many senior citizens from lapsing policies and unexpected financial strain. Many financial advisors are still; however, not educating their clients on the subject. No one wins in this scenario as the financial advisor loses out
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