Archive for category: Life Settlement

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Life Settlements allow qualified Policy Owners to sell their life insurance policy in the secondary market, for far more than the policy’s existing cash value.

New Regulation Proposed For The Life Settlement Industry

new sec reguations proposed for life settlement industry
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To date, there has been very little federal life settlement regulation, and only 8 states remain unregulated and have not adopted one of the two models – NAIC or NCOIL. The lack of federal licensing requirements and life settlement regulations may discourage owners of life insurance from considering life settlements as they are unsure as to which life settlement provider to trust.  Owners currently have to rely on brokers or their own research to protect themselves in determining which life settlement companies are legitimate or not.

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Do I Need A Life Settlement Broker When I Sell My Life Insurance?

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A life settlement broker operates as an intermediary between the seller and buyer of a life insurance policy called a life settlement. Ideally, a life settlement broker will be protecting the interests of the life insurance policy seller/owner, whereas the buyer will be interested in the life settlement as an investment. A life settlement broker will take a percentage from the offer given to the seller.

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Anna’s Story of Triumph

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Paying for assisted living with life settlements
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In the mid 1980’s, Anna decided to pack up her belongings, including two children, and move in with a sibling. Although the move did her very good, there was no denying that she suffered from severe mental issues. She did, however, do her best to treat these issues, including through the help of licensed physicians and through self medication. Unfortunately though, her mental illnesses continued to worsen. Even after moving several more times, Anna could never find peace, and her mental problems only aggravated her already frail state. As you’ll see, if she had trouble paying for assisted living, it may have cost her her life.

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Preparing for Long Term Care

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be prepared for long term care
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As seniors get older, making sure their affairs are in order and preparing for long term care are key. The life settlement industry is ripe with ways to help those preparing for long term care, but many of these options are not well known to seniors. According to the Atlanta Journal-Constitution, seven out of ten people will need long-term care sometime after age 65. It’s important for aging individuals to at some point think about assisted living costs, home care, and other situations that may require a substantial amount of money over time.

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Getting The Most Cash For Your Life Insurance Policy

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get the most cash for your insurance
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What happens when life insurance premiums become too expensive, or when a person determines that life insurance is no longer necessary, and wishes to be free of the additional monthly expense? Too often, people let their insurance policies lapse, losing years of monthly premium payments that they have paid. But don’t worry, there are ways to get the most cash for your life insurance policy.

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Can I Sell My Universal Life Insurance policy?

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Selling your life insurance policy may be an option
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When considering long-term and aging care needs, one of the first places to look is at any life insurance policies the individual may hold. While you may be interested in selling your life insurance policy, there may be questions about whether or not a universal life insurance policy will qualify for a life settlement. Here’s what you need to know

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In Home Care: an AARP report

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AARP
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An AARP report published in  July of 2015, shed light on the growing need for caregivers in the United States. Valuing the Invaluable discusses the costs to the children and families of the elderly and disabled who need in home care for assistance with the daily activities and chores that most of us take for granted.

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Why Didn’t My Agent Tell Me I Could Sell My Life Insurance?

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“Can I sell my life insurance policy?” is a common question among Seniors. You may not have realized that it is possible to sell your life insurance policy for cash. If you have a life insurance policy that is under performing, that you can no longer afford, or simply isn’t right for your circumstances anymore- you still have options.

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