Term-To-Perm To Settlement – Conversions Can Unlock Significant Retirement Cash
For term life insurance holders, a relatively new option exists that enables them to unlock and secure value from a policy that might be nearing expiration. Converting a term policy to a permanent policy, such as a universal or whole-life policy, so that it can be immediately sold through a life settlement is a new […]
Life Settlement Companies Offer New Opportunities for Seniors and Advisors
After a few tumultuous years, the life insurance settlement industry is incredibly healthy, as many well-respected life settlement companies have taken leadership roles within the marketplace, and the business of purchasing unused or unneeded life insurance matures for the better. Strong institutional players with defined goals predominate, and the target markets for purchasing policies has […]
How Long Will I Live? Life Expectancy Calculator
I think we can all agree it’s a great time to be alive! While the days of yesteryear were a simpler time, modern technology has added a wealth of knowledge regarding overall health. Data from the National Vital Statistics System shows that in 2017: Life expectancy at age 65 for the total population was 19.5 […]
English Cancer Study: Reality vs. Myth
If you’re tuned in to the cancer realm, real or perceived risks are bandied about in forums, in social media, and across various other media platforms on a daily basis. Researchers in England decided to put cancer myths to the test. The results were published in the European Journal of Cancer. [1] The results were […]
Do I Get Funds If My Life Insurance Policy Lapses?
In the unfortunate event that your life insurance policy lapses, it may not be possible to receive money back if the policy has exhausted its cash surrender value or if you have missed premium payments. To make matters worse, if you no longer have an active life insurance policy contract or a lapse in coverage, […]
Can I Sell a Portion of My Life Insurance Policy?
Many people are under the assumption that life insurance policies cannot be divided or sold, but the reality is that it is possible to sell a portion of your life insurance policy. And for some, this option offers a viable solution to financial woes. It can be stressful when you’re struggling to pay life insurance […]
Financial Toxicity, Financial Stress While Dealing with Cancer
Financial toxicity — problems a cancer patient has related to the cost of treatment — is a buzzword in the health realm that is becoming commonplace in decision-making regarding treatments. (You can call financial toxicity whatever you want: economic burden, economic hardship, financial burden, financial hardship, or financial stress.) Recent studies show financial toxicity is […]
Your Life Insurance Policy May Be Your Greatest Asset
When thinking about the type of assets you have, most people focus on ‘cash on hand’, property, vehicles and material items with perceived value; however, did you know that your life insurance policy may be your greatest asset? Let’s start by defining an asset. Typically, assets are defined as resources into which you invest hard-earned […]
Why 2020 Is the Year to Sell Your Life Insurance Policy for Cash
Life is not getting cheaper. The cost of everyday items continues to rise, and too often seniors already have stretched their dollars to the breaking point. In October, the Social Security Administration announced a 1.6% cost-of-living adjustment for 2020, meaning the average retiree will get $24 more each month, or about $1,503. … Yep, that’s […]
Top Agents Look to Expert Evaluators to Expedite the Sale of Retired Client’s Life Policies
If you’re facing mounting bills – health care, debt, even retirement or an emergency – a life settlement may provide the necessary cash to solve the problem. Life settlements are a secondary market for life insurance policies. And the market has been around longer than you may think. In a Supreme Court ruling in 1911 […]
