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.
Many seniors experience money-related stress prompted by expensive life insurance premiums. Every month, however, they make costly payments out of the desire to keep their families safe. Your clients might be under the impression that they have to choose between serenity and security. Nevertheless, a life settlement can offer someone both.
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.
For seniors and their families, there’s the ever-present concern that an accident or fall will happen when nobody’s around to help or get help. While a person may not always be around to lend a senior a helping hand, technology is getting closer and closer to filling that gap. Today, new smart devices are helping […]
“I have the right to take care of myself. This is not an act of selfishness. It will give me the capability of taking better care of my relative.” Adapted from A Caregiver’s Bill of Rights by Jo Horne and published in 1985 by the American Association of Retired Persons (AARP), this is the first […]
When you hear the word “roommates,” thoughts about the days of being young and single may come to mind. However, more and more people, especially women, are finding the housemate option to be an attractive choice as they ease into retirement, taking into account financial reality and the resilience needed to live alone. In a […]
There are many ways for scammers to take advantage of everyday Americans, and for the most part, people are prepared to protect themselves against them. Most of us know not to wire funds to strangers or give our financial information out over the phone. We recognize how scammers work for the most part and take […]
The life insurance industry may soon be facing major changes to the way its agencies do business. Two states, Nevada and New York, have recently passed legislation that requires more people in the financial services industry to put their clients’ best interests ahead of what’s most profitable to them.
For some older Americans, the "golden years" of retirement aren't necessarily very happy times. In fact, the rate of seniors facing bankruptcy has surged five-fold since 1991, according to a new research study from the Consumer Bankruptcy Project. This spike exceeds the demographic shift for the aging population. The report analyzed data across states from […]
