Thanks to the proliferation of services like Uber, Airbnb, Lending Club and a host of others, sharing services have become a multimillion dollar industry. At the heart of the sharing economy is the notion that everyone can benefit when people use the goods or services they don’t need to benefit those who do. The growth Read more >>
Even seniors who have planned carefully often find that the costs of retirement add up, forcing some retirees to cut corners severely on everything from health care to travel to legacy expenditures like helping with college tuition for grandchildren. Everyone over the age of 65 wants the freedom to create a retirement that meets their Read more >>
There are many negative perceptions when it comes to getting older in America. The good news: the pessimistic perception of aging is changing. Most seniors feel younger than their actual age and a study that polled more than 10,000 seniors found that people grew happier as they aged. The aging process doesn’t have to be as Read more >>
Knowledge is power for seniors focused on the optimal management of their finances, and a recent movement of state disclosure laws will increase consumer understanding of their life settlement options. Studies show that consumers who sell their life insurance policies receive four to seven times more money than they would receive from surrendering policies, yet Read more >>
The senior years are full of financial decisions with considerable implications for both the older generation and their children, and the plague of scams against seniors lead their advocates to proceed with extra caution. But for many people over the age of 65, selling a life insurance policy is a wise move with the potential Read more >>
We have exciting news to share: Magna Life Settlements has a brand new look! Since Magna began more than 14 years ago, our team has been dedicated to educating life policy owners and their advocates about the living benefits life insurance holds. This year, as we grow our team and expand our horizons, we decided Read more >>
The life settlement industry is poised for significant growth, and that growth needs to be undertaken with expertise and integrity. That was the underlying theme of Magna Life Settlements Chief Marketing Officer Scott Harris’s presentation at the annual LISA conference in Washington, DC. Harris addressed a room of life settlement professionals, brokers, financial advisors and Read more >>
Magna Life Settlements Scholarship is seeking to sponsor the growth and development of a student currently enrolled, or is enrolling into a four year collegiate program. This year we will award one $1,000 scholarship to an outstanding student who is interested in pursuing a career in finance. Requirements To be considered for the Magna Life Read more >>
Life settlements are a great financial option for people who find they no longer need coverage, whose circumstances have changed or who are experiencing financial hardship. This is especially true for senior citizens whose policy premiums have risen beyond what they may be willing to pay. It’s also a way for someone to put extra funds Read more >>
A Wall Street Journal recent article entitled “Millions Bought Insurance to Cover Retirement Health Costs. Now They Face an Awful Choice”, discussed the recent trend of increases in rates for Long-Term Care insurance. The article discusses how many people were told that they would have level premiums to cover medical needs in the future. These Read more >>
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