Blog

3 Reasons Financial Advisors Need To Know About Life Settlements

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
Read more

3 Reasons To Sell Your Life Insurance

There are 3 main reasons that policyholders choose to sell their life insurance. The sale is done through a life settlement where the buyer assumes ownership of the policy and the seller receives a cash payout. The buyer takes responsibility for paying premiums and receives the death benefits when the
Read more

Death Benefits Are Not Just For The Deceased

Individuals generally buy life insurance in order to provide their family members a sum of money after they die. That money can help cover funeral costs, be used towards outstanding debt, or simply give financial relief to the recipients. With life settlements; however, the policyholder does not have to die
Read more

Life Settlements Give You Options

Before the emergence of the life settlement market, policyholders were very limited in what they could do with their policies should they become unaffordable or simply unnecessary. There were initially only three options; to sell the policy back to the broker for a small percentage of the original cost, to
Read more

Life Settlements Are Not All Or Nothing

  Thousands of baby boomers are retiring by the second, but how many of them saved accordingly for the high cost of retirement? Even with careful planning, unfortunately; many retired seniors wind up unable to afford their bills and life insurance premiums. Regardless of not having the ability to pay
Read more

Get Cash To Afford Your Parents’ Health Care

No denying it, long term health care is expensive. Medicaid only pays a portion of those bills and if you are a child assisting your parents in paying the remaining amount, the costs could be extremely overwhelming and perhaps even unaffordable. If you require additional funds to make those payments,
Read more

Find Life Settlement Candidates In Current Clients

Financial advisors who become aware of the life settlement market may be tempted to start marketing their services to the mass population, but the smartest option may be to start looking at the clients you already serve. Marketing efforts are expensive and time consuming, so advisors should identify clients from
Read more

How To Afford Long Term Health Care

No matter how much someone plans for retirement, if the need for long term care arises, it’s very possible that a person’s savings just won’t cut it. Approximately 12 million Americans currently require long term health care and statistics show that about 70% of seniors 65 and up will need
Read more

Why Policies Lapse Unnecessarily

When senior citizens with lapsed policies were asked why they did not choose a life settlement over surrendering their policy, 90% responded that they were unaware of the option to sell. In addition, of the advisors who were asked why they did not educate their clients on life settlements, 50%
Read more

Life Settlements Are For The Wealthy Too

While some may see it as unnecessary for wealthy individuals to own life insurance, there are three major reasons why it is just as important, the underlying reason being that life insurance is a financial tool. Many wealthy people lock up their assets in investments that cannot easily be converted
Read more