Since many in the financial services industry are still unfamiliar with the life settlement market, it may come as a surprise that the industry itself is continuing to see strong growth.
secondary market watch
Over the past few years, we’ve found that life settlements have gradually been moving more into the mainstream financial world. As we meet with advisors, we find that many more know about this secondary market solution than was true in the past.
However, we still interact with plenty of advisors who aren’t familiar with life settlements. They may know the term, but not how the transaction works. They may have a mistakenly negative opinion of life settlements due to the unscrupulous practices that were sometimes perpetrated decades ago before the industry was regulated. Continue reading
Longevity planning is fast becoming one of the most pressing aspects of retirement planning.
The reason, of course, is that people are living longer than ever before.
That not only means that our retirement money has to last us longer than it used to, but also that we have to prepare for higher healthcare costs, because living longer increases the probability that we’ll need long-term care at some point. Continue reading
The U.S. is facing a retirement crisis. American Baby Boomers are leaving the workforce at an estimated rate of 10,000 per day – and that’s supposed to continue through 2027.
What’s more, a staggering 45% of Baby Boomers have nothing whatsoever saved for retirement. That means that a huge percentage of this group is also planning to rely heavily on Social Security for their living expenses. And since Social Security simply won’t ever be an ironclad guarantee, that’s not a very good plan. Continue reading
At Ashar, more than 50% of the life insurance policies we review are owned in Irrevocable Life Insurance Trusts, or ILITs.
These are trusts set up specifically to own a life insurance policy. When the policy owner dies, the death benefit passes to the trust, rather than to an individual or company. The appointed trustee can then distribute the funds according to the policy owner’s, or grantor’s, wishes. Continue reading
As retirees, our finances often need a little bit more attention than they may have when we were working.
There are several reasons for this. For one, we can be more apt to put our financial lives on auto-pilot after retirement, resulting in things slipping through the cracks. Continue reading
If you’ve been named a trustee by a living family member or close personal friend, you may be feeling somewhat overwhelmed.
It’s a big responsibility to oversee someone else’s finances. How can you be sure that you’re doing the right thing? How do you know what’s best for the person whose financial future is in your hands? Continue reading
One of the many questions that financial advisors often get about selling one’s life insurance has to do with the difference between viatical settlements and life settlements.
There’s a lot of confusion about these two transactions. To help clear up that confusion, here’s a brief explanation of viatical vs. life settlements. Continue reading
If you’re like most people, you bought your life insurance policy because you wanted to take care of your family.
You wanted to make sure that if something happened to you, your spouse and children would have something to live on. That’s what we all want: to take care of the people we love to the best of our abilities. Continue reading
- Life Settlement Industry Continues to See Growth
- 3 Facts About Life Settlements That Every Financial Advisor Should Know
- The Most Important Topics in Longevity Planning
- The People Behind the Numbers: How Life Settlements Can Help Families
- Life Settlements and Irrevocable Life Insurance Trusts (ILITs)