A person’s financial situation and status may be one of the most sensitive subjects. Most adults intuitively understand that of the few subjects that are not “up for grabs” with their colleagues, their neighbors, their friends, and oftentimes even their closest relatives, personal finances tend to top the list. (more…)

As life settlement brokers, we know that seniors age 65 and older are leaving huge amounts of money on the table in lapsed and surrendered life insurance policies. That’s why we work so hard with financial advisors to help seniors sell their life insurance policies. A life settlement can provide much needed liquidity for some of life’s most burdensome expenses, like long-term care or medical costs. (more…)

Long-term care has been a popular topic in the financial advising and insurance worlds for some time now, however, not all financial advisors are familiar with how the need for long-term care can affect a family’s finances. (more…)

As individuals age, their lives may become much more complex. Whether it’s an increased need for medical care (and navigating bureaucratic barriers to access it), the necessity of estate planning, the challenge of caring for an ailing spouse, the search for affordable living assistance for themselves, the battle with various forms of ageism, or contending with other age-related variables that add complexity to their situations, seniors have unique needs. These needs are rarely simple and generally warrant specialized consideration and legal expertise. (more…)

The Administration for Community Living has issued their 2017 Profile of Older Americansreport, and the data indicate several interesting and important trends in our country’s population demographics. Unfortunately, these trends dovetail to create a concerning picture of the financial needs and preparedness of this group.
(more…)

Retirement may be sneaking up on you—or perhaps it’s already arrived. You think you have enough money, but you suspect there are potential pitfalls out there that can sabotage your years of hard work and diligence. You’re right to be concerned, but there are some easy things you can do to mitigate your worries. Here are 5 simple things you can do to protect your nest egg. (more…)

As a financial advisor who works with older clients, you’re likely familiar with elder financial abuse. Perhaps you’ve even helped a client through a financially abusive experience.

Whether or not you’ve seen this issue firsthand, you may be surprised to know just how rampant a problem it is. (more…)

So much of our adult lives is spent working to acquire money. We want to increase our income, improve our investment returns, add to our retirement accounts.

Once we’ve sent our children through college, reached our retirement funding goals, and accomplished what’s important to us, those of us who want to can shift to a new way of thinking. We can start deciding how we’re going to give our money away. (more…)

If you’re a financial planner who works with retirement-age clients, the topic of life settlements should be a regular part of planning conversations.

Life settlements allow a life insurance policyholder to sell their policy to an institutional buyer for more than the policy's cash surrender value, but less than the net death benefit. The purchaser of the policy assumes responsibility for all future premium payments and receives the death benefit when the insured passes away. (more…)