Life Settlements | Tools for Estimating Value of Life Insurance » Legislation http://www.thelifesettlementnetwork.com Sat, 11 Jun 2011 16:48:14 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Thriving despite the trends in your portfolio http://www.thelifesettlementnetwork.com/thriving-despite-the-trends-in-seniors-financial-portfolios/ http://www.thelifesettlementnetwork.com/thriving-despite-the-trends-in-seniors-financial-portfolios/#comments Thu, 15 Jan 2009 01:39:46 +0000 http://www.thelifesettlementnetwork.com/blog/?p=17 More news about how the economy and continued slide in the markets has affected seniors more than any other age group.  In December’s Smart Money cover article “Rebuild Your Wealth”, the authors consolidate data from various sources to make this argument.

Examples supporting the theory that seniors have been more adversely affected by the economic turmoil more than any other age groups:

  • The market crash erased $2.7 trillion in retirement savings
  • 16% of seniors 65+ are still working – the highest rate since 1971
  • Health care costs are rising 2.5% faster than the rest of the economy

The article also states long-term care insurance is a must but is yet another monthly expense.

Reverse mortgages continue to be an option – but as I said in a previous blog, a last resort option.

If you or a loved one are holding or paying premiums on an unwanted, unneeded or under-performing life insurance policy – don’t surrender it or let it lapse – see its real value by using our on-line calculator to determine whether a life settlement is a better option for you.  Use the funds to offset rising costs and to fund long-term care insurance, donate to your favorite charity or invest in property to leave to your estate.

]]> http://www.thelifesettlementnetwork.com/thriving-despite-the-trends-in-seniors-financial-portfolios/feed/ 0 What does $24k buy? http://www.thelifesettlementnetwork.com/what-does-24k-buy/ http://www.thelifesettlementnetwork.com/what-does-24k-buy/#comments Thu, 02 Oct 2008 19:03:19 +0000 http://thelifesettlementnetwork.com/blog/?p=8 MetLife released the results of a survey this week that showed the average cost of Adult Day services (when a health aid visits a senior in their home) is up 5% in 2008 to $64 per day.  That ends up being a cool $24,000 per year.  If you happen to live in Vermont – the average is $141 per day or over $50,000 a year!

Long-term care insurance can help offset or eliminate much of these costs.  Selling unwanted or unneeded life insurance is one way to help fund the purchase of long-term care insurance.

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