Posts Tagged ‘Life Insurance Settlement’

IRA Charitable Giving law passes

Posted on October 30, 2008 under , , , , ,

If you are 70 ½ or older, a newly reinstated law allows you to donate up to $100,000 from your traditional IRA or Roth IRA tax-free to a public charitable organization. The money can also come from a SEP or a SIMPLE IRA as long as you are no longer contributing to these accounts. Under the »

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Two actions everyone should take to ensure an enjoyable life after retirement

Posted on August 8, 2008 under , , ,

In times of such financial uncertainty – with tougher times on the horizon – having a solid understanding of your financial fitness and your options is critical. In a special report by MSNBC (a joint venture between Microsoft and NBC) titled “Economy hitting the elderly especially hard”, the author suggests that the slumping economy is affecting »

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Financial options for seniors growing – as are costs

Posted on June 7, 2008 under , , ,

As if seniors were not already aware, aging can be expensive. In the June 9th, 2008 edition of BusinessWeek, page 11 presents some interesting data on just how much more seniors are spending than the “young” (25 – 34 year olds). On average:

Seniors spend more than 4x what the young do on Health Insurance Seniors spend almost »

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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?