Archive for the ‘Education’ Category

Estate Planning Basics

Posted on October 20, 2009 under , ,

Your will is a written statement of how you wish your assets and other things to be handled in the event of your death. Creating a will can help your loved ones act in a time of grief by outlining your funeral and burial wishes and by giving them a direction to move in to help settle your estate. A living will, or advance directive, gives someone medical power of attorney for you in the event that you are in a coma or otherwise unable to make your own medical decisions. For many seniors, a living will is the only way to ensure that you are treated as you wish to be in the event of a prolonged illness or serious medical condition.

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What to Know About Long Term Care

Posted on October 18, 2009 under ,

It is remarkably easy to assume that you will not need long term care or to say that you will never allow yourself to be placed in a nursing home, but the simple truth is that a large amount of seniors need long term care at some point in their lives. Even when this is not permanent, the financial ramifications can be serious and can even be enough that the government seizes your assets in order to pay for care.

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How Nursing Home Care Affects Your Assets

Posted on October 13, 2009 under ,

Understanding that your care can jeopardize your assets can be terrifying, but there are some things that should be cleared up. First, your home will not be seized while your at-home spouse still resides within the home. Second, if you have other assets or means of paying for care, your home will not be taken or seized. This can offer great comfort to many worried seniors. Put plainly, however, the best step that you can take is simply to take out a policy that covers long term nursing home care. While it is easy to think that you will never need such a policy, statistics show that a significant number of seniors require the care for at least one period in their lives.

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Recommended Life Settlement Articles

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?