A cash surrender value is the total payout an insurance company will pay to a policy holder or an annuity contract owner for the sale of a life insurance policy. To calculate your Cash surrender value, you must; add total payments made to an insurance policy and subtract of fees charged by the agency. See Read more >>
Newer media can offer a breadth of perspective and information beyond what one can find through old-school means. Our curated list of the top Senior Living Blogs for 2020 – features the essential information to help make the life of all seniors better. Rather than becoming overwhelmed with the options for Senior Blogs, enjoy these Read more >>
Annuities have been around in one form or another since the dawn of time. They were used during the Roman Empire as retirement savings plans and have survived in one form or another until today. And they are more relevant and useful than ever, with many retirees depending on the income generated by these vehicles Read more >>
The rising costs of living can make it hard for older people to make ends meet in many cases. Many retailers and other organizations recognize this dilemma for those who may no longer be working by offering what are called senior discounts. These are simply discounts that are given to customers who are of a Read more >>
It’s the time of year again for filing taxes. While no one wants to pay taxes, this is especially true for retirees who may have limited income or are living on a set budget. No matter the situation, there are options for retirees to help reduce taxes owed and possibly come out with a refund. Read more >>
Below you will find comprehensive guides to make it easier for you to understand the Life Settlement Industry. Original research and insights from the Magna Life Settlements team can be found for the following: Delving Into the Life Settlement Numbers The Math of Life Settlements [Whitepaper] The adage that knowledge is power is never more Read more >>
The cost of long-term care and general healthcare costs are higher than they have ever been, and the increase doesn’t appear to be slowing anytime soon. Medicare covers only a portion of healthcare costs in retirement, leaving you on the hook for what will likely be a significant chunk. See How Much Your Policy May Read more >>
Older Americans today have many excellent reasons to pursue the sale of a life insurance policy in a life settlement, but one of the most prevalent reasons is the continuous cost of paying premiums. And for those maintaining a universal life policy, a recent Wall Street Journal article links these higher premiums to a historic Read more >>
A modified endowment contract (MEC) is the federal government’s classification for a life insurance contract whose premiums have surpassed legislated limits. MECs can have useful tax implications for estate planning, but they can also present a pitfall for life insurance policyholders who find themselves inadvertently holding one. Thus, it is imperative for anyone paying life Read more >>
A beneficiary is someone listed on a life insurance policy to get the proceeds if the insured individual were to pass away. The proceeds from life insurance typically come as a lump sum payment known as a death benefit. The beneficiary you choose on your life insurance is very, very important. Even if you put Read more >>
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