Although today’s seniors can generally look forward to longer lifespans, many feel anxiety about their financial future and the need to continue working indefinitely to make ends meet. If you’re one of these seniors, the idea of comfortably retiring may seem unimaginable. But you may be sitting on a valuable financial asset you’re not even […]
Even seasoned policy owners can benefit from learning more about their policy, how the policy is affected by the market, and more. Both the grantor and the trustee can find these discussions constructive and productive.
Some of your retirement-age clients might think that they should keep paying for life insurance, i.e. expensive premiums, in hopes of a buyer eventually purchasing their policy. Yes, it is wise to practice forward planning with personal finances, but with life insurance, things are rarely black-and-white.
Embracing a laissez-faire attitude towards life insurance is easy. After all, other pressing, day-to-day needs require our immediate attention. And if someone doesn’t consider himself a life insurance expert, their involvement might seem unwarranted and maybe even unhelpful.
If you are a financial professional who often advises seniors, it is in both you and your clients’ best interests to discuss and explore life settlements. This shouldn’t be difficult since life settlements are a natural part of the financial planning conversations you’re already having with clients.
At Ashar Group, we have the privilege of helping individuals recover much-needed cash through the sale of their existing life insurance policies to licensed institutional buyers. Time and time again, we have seen life settlement transactions relieve financial stress associated with retirement, medical expenses, and long-term care needs.
What is Term Life Insurance? There are two main types of life insurance: term life insurance and permanent life insurance.
Life is both precious and capricious. A reality of aging is that life and health can become increasingly unpredictable. As we age and new health developments arise, so do new medical expenses.
Reason 1: The Policy is No Longer Needed This is the first installment of the Ashar Group series, “Reasons to Sell a Life Insurance Policy for Cash.” Our series encompasses the following topics: “The Policy is No Longer Needed” (found in this article), “Premiums Are Too Expensive,” “Changes in Health,” “Retirement Planning,” “Term Policy Approaching […]
As we enter 2019 with a degree of uncertainty in some economic arenas, money-market funds, also known as MMFs, are making a comeback. Before the financial crisis of 2008-2009, money-market funds had the potential to yield 5 percent, and sometimes, even more.
