Because a life settlement can be an excellent source of income to help pay for retirement expenses, no one should miss that windfall simply because they don’t understand the life settlement process. As the word gets out about the potential upside of life settlements, seniors who are likely to benefit from these transactions need guidance Read more >>
Americans have more choices than ever—about television shows, car services, or where to get their news, shop, and book travel. So it would follow that seniors seeking financial help during retirement should be informed about every viable option, including life settlements. This option, which can convert an unneeded life insurance policy into a windfall, is Read more >>
Recent reforms have helped increase the popularity of life settlements, since changes to the tax code make it a more favorable option for seniors looking to convert a life insurance policy. Specifically, the March 2018 tax bill included several provisions that should change the way consumers view a potential life settlement, including: Reduction of Taxes Read more >>
For seniors, health concerns often spring up unexpectedly, and the rising and prohibitive costs of quality health care lead to a burdensome financial situation for many people in their retirement years. An AARP study estimated that 65-year-old couples who retired in 2017 would face $275,000 of health care costs during retirement. When health expenses are Read more >>
For life insurance policy holders whose insurance needs have changed, a life settlement could be a profitable and wise option. But with studies showing that 90 percent of seniors who let insurance policies lapse were unaware of the life settlement option and would have considered it had they been informed, advisors must learn the basic Read more >>
As the life settlement market increases in visibility, more and more seniors are learning that a settlement can be a profitable way to get a cash benefit from a life insurance policy. The key to making a decision concerning life insurance options, however, is understanding who is eligible for a life settlement and who is Read more >>
The right life insurance policy can be greatly beneficial for its holder, but more and more seniors are realizing that in some cases life settlements can be even more advantageous. The professionals who are best equipped to recognize these distinctions, and to direct their clients to the right option, are life insurance agents. Specifically, seasoned Read more >>
What agents don’t know can hurt the financial future of life insurance policy owners. About half of all agents are uninformed about the benefits of life settlements, which is the sale of a life insurance policy for cash to an investor. Because of this disconnect seniors are missing valuable financial opportunities. Take the case of Read more >>
Magna Life Settlements had a turn in the national spotlight on June 30 when the company, and the life settlement industry, were featured on an episode of Fox Business Talk Business 360. The theme of the show was financial innovations, and the segment on life settlements provided a platform for Magna Life Settlement Senior Vice Read more >>
According to data collected in 2012 by the U.S. Census Bureau, the sector of Americans over the age of 65 is expected to double by 2050, comprising about 20 percent of the nation’s population. This trend of aging baby boomers will affect demand in a number of industries geared toward seniors. Specifically, the graying of Read more >>
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