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.
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.
By 2030, for the first time in U.S. history, our country will have more 65-and-older residents than children. And by 2035, there will be 78 million people 65 years and older, while those under the age of 18 will number 76.4 million.
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.
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.
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.
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 […]
Every year, thousands of senior citizens fall victim to identity theft. The Federal Trade Commission reports that senior citizens are “disproportionately affected by fraud,” and many identity thieves specifically target older Americans, using Medicare or Medicaid as a way to illicitly gather information about their victims.
Determining whether a life settlement is right for your client is dependent upon a thorough understanding of the process. Life settlements can be used to better your client’s lives, so it is important to garner as much information as possible. Below is a list of frequently asked questions and answers regarding the opportunity life settlements […]
