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.
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 […]
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 […]
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.
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 […]
Every year, thousands of senior citizens in America file for bankruptcy for a variety of reasons. Medical bills, housing markets, long-term care, and more account for some reasons why Americans are in this predicament. However, it could be much worse for those who are beyond their earning years and are in retirement. Where are […]
Although it’s not what one plans for, thousands of adults across the nation have found themselves caring for aging parents. This care could range from occasional assistance, like helping a parent shop for groceries or getting to their appointments. This increased demand for both time and money can lead to stress and strain for everyone […]
Life settlements can be an enormous help to seniors who are struggling to pay their life insurance premiums or need to cover the costs of long-term care. However, it’s not just individuals who can benefit from selling their life insurance. Businesses can also take advantage of life settlements in a variety of ways. Take a […]
Let’s imagine a scenario: You’re a financial advisor with a client who is facing retirement and is hoping to generate more cash flow to support the lifestyle she planned on enjoying. This client is widowed and has a $1 million life insurance policy that she doesn’t need anymore. A life settlement could unlock significant value […]
Life insurance assets associated with business owners or key stakeholders can present profitable opportunities for securing capital that can affect business planning. This article presents illustrative cases and resources for fiduciaries seeking a secondary market valuation.
