According to a report from Cerulli and Associates, Baby Boomers will transfer approximately $68 trillion in assets to their heirs or charitable organizations in the next quarter century. Most of that money will end up in the hands of Gen Xers, making that generation the wealthiest in the nation by the end of that 25-year Read more >>
Newest Texas Bill Passed Requires More Transparency From Life Insurance Companies Life insurance consumers and each Life Insurance Company may be better informed of changes in their premiums if a bill passed unanimously by the Texas House of Representatives this spring becomes law. Texas House Bill 207 sets new disclosure standards for certain types of Read more >>
In its ongoing quest to forge a mutually beneficial relationship with insurance agents, Magna has developed a joint offering with Proformex to make the company’s policy management software more accessible to create a digitized, efficient book of business. Founded in 2016, Proformex’s system provides powerful portfolio management by combining every policy into one digital resource. Read more >>
Financial professionals feel a responsibility to keep up with new developments in their industry, but often the volume of information can be overwhelming. With its new agent calculator, Magna Life Settlements aims to help simplify the process for life insurance agents and wealth advisors who are dedicated to helping seniors determine whether they should pursue Read more >>
Everyone who works with seniors knows that the American population is older than ever before, but what are the broader implications of this upward aging trend? How can people over 65 and their advocates optimize the retirement years? Dan Veto, a senior advisor for Age Wave, addressed these questions in depth at the Life Insurance Settlement Read more >>
The cost of retirement is higher than ever, creating a pressing need for Americans to find ways to prepare financially for retirement as wisely as possible and use their retirement funds well after they stop working. Everyone knows they should prepare for their retirement years so that they can enjoy that season in life rather Read more >>
When someone takes out a life insurance policy in their ‘30s, ‘40s or ‘50s, that purchase is predicated on assumptions about the future of the policyholder’s family. But unexpected changes to the family structure can occur over the years, and for seniors those changes might lead to the consideration of a life settlement. Insurance For Read more >>
Like a long-time doctor or a trusted hairdresser, a good financial advisor is a professional who can come to seem more like family. And since one of the most important roles of a financial advocate is to help a client plan for a stable retirement, how can you select an advisor who is genuinely caring, Read more >>
With a checkered history and the very real fear that funds could be depleted before many current workers can benefit from them, Social Security may no longer be the safety net it was envisioned to be when it was established nearly 85 years ago. Today’s seniors, as well as younger Americans planning for retirement, must Read more >>
Years before he joined the life settlement industry, Magna’s Senior Vice President Clay Gibson was impacted by his grandfather’s decision to sell his life insurance policy. In a personal essay, Clay shares how his grandfather’s life settlement made an impact on his family. “My grandfather was in his late ‘70s in 2002 and even though Read more >>
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