Audits of financial advisors are increasing and show no signs of abating. Amidst enhanced scrutiny, financial advisors should work with partners that are well versed in the regulatory and compliance complexities facing today’s fiduciaries. Ashar Group has in-house experts that focus on compliance in the life settlement space to protect both the client and advisor. Continue reading
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Fiduciaries often hesitate to explore the option of a life settlement with their senior clients, even when both parties stand to benefit. The most common reason is a lack of understanding about how the process works. This piece provides insight, as well as resources for moving forward. Continue reading
The costs of long-term care insurance policies are rising exponentially over general health care costs, rendering many seniors unable to pay premiums and at risk for losing coverage. This piece explores a life settlement as one option to secure funds to prevent this loss and ensure ongoing care.Continue reading
Many life insurance policyholders are unaware of alternatives to allowing their policy to lapse or surrendering it for the cash value, therefore foreclosing the opportunity to receive fair market value for their policy through a life settlement.
In the landmark decision of Grigsby v. Russell in 1911, the U.S. Supreme Court ruled that life insurance is personal property. Meaning, a life insurance policy can be bought and sold like any other form of personal property, such as a house or vehicle. It also means that while a policy owner is living, their life insurance policy holds value right now. If you have senior clients, they don’t have to wait to take advantage of the value of their life insurance policies. Continue reading
Professionals who offer financial consulting services play an important role in their clients’ quality of life. “Quality of life,” of course, can mean very different things throughout a person’s life. The financial needs of clients in their thirties, for example, can vary greatly from those of clients in their fifties. Continue reading
Trust and respect. From serving as the backbone of a professional’s good name to being a catalyst for an organization’s long-term prosperity, these are among the cornerstones for building and sustaining success in business and beyond. Continue reading
America is set to hit a new historical milestone.
For the first time ever in the United States, the elderly are projected to outnumber children. In 2035, people aged 65 and over are expected to reach 78.0 million, while children under age 18 will number 76.7 million. Continue reading
It should come as no surprise that adult children often worry about financially supporting their aging parents when they have families of their own to look after. Seniors have also expressed complicated feelings regarding their children funding their retirement. There are, however, solutions that can help. Continue reading
According to Forbes, it is more expensive to care for an aging parent than it is to raise a child for their first 17 years of life. However, few adult children possess the financial resources to successfully contend with this reality. For this reason, it’s important that financial professionals be well acquainted with the financial demands of familial caregiving and to prepare their clients accordingly. Continue reading
- Audits of Financial Advisors Are On the Rise – Here’s How To Protect Yourself
- How Much Could Your Client’s Life Insurance Policy Be Worth?
- Long-Term Care Insurance Premiums are Spiking – How Will that Affect Your Clients?
- This Alternative to Lapsing a Life Insurance Policy Could Keep Your Client from Losing Money
- What Senior Clients Want from Their Financial Advisors