Excerpt from the 55th Annual Heckerling Institute on Estate Planning: Q&A with Larry Brody
Excerpt from the 55th Annual Heckerling Institute on Estate Planning: Q&A with Larry Brody
Excerpt from the 55th Annual Heckerling Institute on Estate Planning: Q&A with Larry Brody
Excerpt from the 55th Annual Heckerling Institute on Estate Planning: Q&A with Larry Brody
Excerpt from the 55th Annual Heckerling Institute on Estate Planning: Q&A with Larry Brody
Excerpt from the 55th Annual Heckerling Institute on Estate Planning: Q&A with Larry Brody
It’s no secret that seniors are living longer than ever before. Thanks to medical advances, technology, and other factors, seniors in the 21st century are outliving previous life expectancies. What’s more, people are staying healthier for longer as well. 65-year-olds can generally expect to have plenty of years of active living ahead of them. However, with increased longevity comes the fear of paying for those extra years. When it comes to maximizing assets in retirement, seniors have options to support the kind of lifestyle they want. Here are a few ways to improve your financial situation as a current or soon-to-be retiree.
Although it’s not what one plans for, thousands of adults across the nation have found themselves caring for aging parents. This care could range from occasional assistance, like helping a parent shop for groceries or getting to their appointments. This increased demand for both time and money can lead to stress and strain for everyone in the family. Do you know what to expect?
Life settlements can be an enormous help to seniors who are struggling to pay their life insurance premiums or need to cover the costs of long-term care. However, it’s not just individuals who can benefit from selling their life insurance. Businesses can also take advantage of life settlements in a variety of ways. Take a look at the scenarios below to learn more about when and how a life settlement might be appropriate for your business clients.
A major dilemma plaguing our senior population is what to do with their life insurance policy. As the American population is aging, seniors are outliving their coverage or are faced with rising premiums to keep their policy in force. More often than not, seniors choose to lapse or surrender their policy because they are unaware of another option. But what if you knew that your life insurance policy can be valued and sold for an amount greater than the cash surrender value? It begs the question, should I sell or keep my life insurance policy?
