What’s the Difference Between a Viatical Settlement and a Life Settlement?

Apr 08, 2021

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.

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Life Settlements Increase Amid Life Expectancy Crisis in the US

Apr 01, 2021

Average life expectancy in the US took a drastic 1-year plunge during the first half of 2020 due to Covid-19. Historically, overall life expectancy has dropped only 3 times since 1860 attributable to the Civil War, the First World War, and the Spanish Flu epidemic. According to the CDC, heart disease and cancer have long […]

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3 Ways Retirees Can Improve Their Financial Situation

Mar 25, 2021

Making the shift from working life, to retirement life, can be a shock for even the most confident retirees. Even if you have saved your entire working life, financial stress can still creep up. Fortunately, there are many relatively easy ways that retirees - and near-retirees - can improve their finances.

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Life Settlement Historical Timeline

Feb 12, 2021

Life insurance is one of the most valuable assets owned by consumers; however, it is also one of the most misunderstood when it comes to its present asset value. A life settlement is the sale of an existing life insurance policy (an asset) for an amount greater than the cash surrender value, and less than […]

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What to Know Before Completing a Life Settlement

Feb 11, 2021

What is a life settlement? A life settlement is the sale of an existing life insurance policy to an institutional buyer for an amount greater than the cash surrender value and less than the death benefit. A life settlement provides a lucrative alternative to lapsing or surrendering the policy.

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The Three Values of Life Insurance

Feb 05, 2021

Did you know that life insurance is considered an asset? As such, it has the same legal rights as your other assets - including buying, selling, and appraising. Similar to selling your home, depending on the number of interested parties, offers can be more competitive to drive up value.

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How Common is Bankruptcy Among Your Senior Clients?

Dec 10, 2020

According to a research study from the Consumer Bankruptcy Project, the rate of seniors facing bankruptcy has surged five-times-over since 1991. This spike exceeds the demographic shift for the aging population. The report analyzed data across states from bankruptcy court records and written questionnaires, revealing that about 12.2 percent of annual bankruptcy filings are from […]

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4 Effective Ways to Protect Senior Client Finances

Sep 10, 2020

As a financial professional, your job is to protect your clients’ best interests. Safeguarding assets, evaluating investment options, and advising on savings goals are part of being a financial professional. But senior clients have a unique set of financial vulnerabilities, many of which require a good deal of tact and sensitivity when addressing. Here are […]

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How Financial Advisors Can Better Serve Senior Clients

Aug 26, 2020

  With longevity increasing, the state of retirement evolving, and healthcare costs rising, more and more seniors need a financial advisor’s professional guidance. So much has changed since today’s seniors’ parents were facing retirement.  

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How Life Settlements Can Solve for Today's Fears

Jul 30, 2020

Every day, various clients come to you with a new problem or fear they have for the future. In today's environment specifically, the news frequently reads that stock markets are down, the cost of living is increasing, retirement accounts are crashing, and the list goes on. These valid fears can typically be relieved by generating […]

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