Life Settlement Topics:
When setting up a disbursement arrangement for a life insurance policy, many of us certainly attempt to provide for children and grandchildren. Leaving insurance money to a minor can be a logistical nightmare, however, and there is a great deal of red tape that must be maneuvered. So how exactly can you do this without creating a financial nightmare for everyone involved?
A reverse mortgage is a loan that is generally intended for seniors who need to supplement their Social Security or retirement savings. The loan is offered only to seniors who own their home outright or who have a low enough mortgage balance to repay their mortgage using the funds from the loan. The loan is paid as a line of credit, ensuring that the borrower can take funds as needed or it can be paid with scheduled payments as long as the funds remain available. The funds borrowed can never exceed the equity of your home.
This weekend’s edition of the Wall Street Journal includes a cover story about many 60+ seniors looking for jobs. I have written about this a couple times in my blogs, and “seniors working longer/more” is a story that is covered by the media weekly. What is different about this story is that there »
Major Publications on “Life Settlements”
When my partners and I first created the Life Settlement Network, and were becoming increasingly involved in the Life Settlement industry, our friends and family had never heard of life settlements. For the most part, they learned about this new financial tool from us. Initially – most had responses something along the lines of “Sounds [...]
What is my policy worth?
Usually the first question seniors ask after hearing that their life insurance policy may be worth much more than the cash surrender value is “How much is my policy worth?”
The calculation is simple enough: Determine the insured’s life expectancy and multiply that by the annual premiums to estimate the expected cost of maintaining the policy. [...]
If my policy is worth so much – why should I sell in a life settlement?
A question that comes up frequently in presentations and in discussions with policyholders and beneficiaries: If an investor is willing to buy my policy for $X amount and expect to make a profit – why shouldn’t the family just keep the policy?