Life insurance forms the backbone of most middle-class financial plans. Because without this form of protection, the financial futures of many families would lie in ruins if something were to happen to the breadwinner. What is life insurance? Life insurance is one of the oldest forms of insurance protection in the world. In a nutshell, Read more >>
If you own a permanent life insurance policy, then you will have some amount of cash value inside your policy that you can access whenever you want for any reason. But do you know how much cash value you currently have in your policy? How can you find that out? The answer to this question Read more >>
If your bills are piling up on you and you need to get your hands on some cash immediately, then cashing in your life insurance policy may be an option. This would generally only work with some form of cash value policy, such as a whole life or universal life policy or even a variable Read more >>
While many consumers consider life insurance to be one of the staples of their personal finances, many of them tend to overlook the risk of becoming unable to work for an extended period of time. This is unfortunate, because statistics show that it is several times more likely that someone will become disabled for a Read more >>
All over New York you have seen TV commercials, newspaper advertisements, and the Internet are abuzz with life settlement promotions. All this publicity and advertising has come about for good reason. Life insurance settlements has grown into a billion-dollar industry. Its popularity stems from the benefits it supplies to seniors and others who no longer Read more >>
Planning for your retirement or calculating your retirement score can be a daunting experience. There is so much to think about, especially the amount of money you need in order to retire comfortably. Generally, the rule of thumb is that the money you may need when you ultimately retire should fall somewhere between 70 to 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 >>
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 >>
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 >>
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