Green Settlements

03/04/2020

This bipartisan legislation will help millions of seniors generate billions of dollars for their health care needs through the sale of their life insurance policies – known as a life settlement – by permitting them to use the proceeds, tax-free, to pay for their health care costs.

5958, the "Senior Health Planning Account Act"PR NewswireWASHINGTON, March 3, 2020WASHINGTON, March 3, 2020 /PRNewswire/ -- The Life Insurance Settlement Association (LISA) today endorsed H. 5958, the "Senior Health Planning Account Act", introduced by Rep.

09/23/2019

How Baby Boomers Can Make the Most of Their Retirement Funds

"When it comes time to clear off your desk, bid your co-workers farewell and enter the next phase of your life, will you be financially prepared for retirement? According to countless national polls and research studies, many older adults are far from ready. In fact, a recent survey reveals one in three Americans hasn’t put a penny toward retirement savings."

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How Baby Boomers Can Make the Most of Their Retirement Fundsby Joe BorowiecWhen it comes time to clear off your desk, bid your co-workers farewell and enter the next phase of your life, will you be financially prepared for retirement? According to countless national polls and research studies, many....

09/16/2019

3 Questions That Can Help You Decide If a Life Settlement Is Right for You

"When it comes to matters of the wallet, it can be tough to know exactly which potential purchases or investments will work out in your favor. This is especially true of older adults who often are particularly vulnerable to nefarious schemes, scams and fraud. But even for seniors with limited financial acumen, there are safe options that promise monetary relief during times of need."

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3 Questions That Can Help You Decide If a Life Settlement Is Right for Youby Joe BorowiecWhen it comes to matters of the wallet, it can be tough to know exactly which potential purchases or investments will work out in your favor. This is especially true of older adults who often are particularly vu...

08/21/2019

To Buy or Not to Buy: When Should I Consider Life Insurance?

"Life insurance promises peace of mind to policyholders and beneficiaries alike, and with the right plan in place, you can help provide for your loved ones even after you’re gone. The decision to purchase a life insurance policy is one that should not be taken lightly, as there are many insurance types, rates and contract provisions to consider and compare before you sign on the dotted line of any future policy."

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To Buy or Not to Buy: When Should I Consider Life Insurance?by Joe BorowiecLife insurance promises peace of mind to policyholders and beneficiaries alike, and with the right plan in place, you can help provide for your loved ones even after you’re gone. The decision to purchase a life insurance po...

07/10/2019

All for One and One for All: How Life Settlements Help Policyholders and Their Advisors

"Until recently, many life insurance policyholders were completely unaware of the secondary market where life policies can be bought and sold—a transaction known as a life settlement. Others may have heard of life settlements, but only in a negative context. Years ago, life settlements were commonly considered risky for seniors vulnerable to financial predators. However, laws have since been enacted to augment security measures and reduce risk for policyholders seeking to settle, which has helped solidify the industry as a stable and reliable one."

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All for One and One for All: How Life Settlements Help Policyholders and Their Advisorsby Joe BorowiecAll for One and One for All: How Life Settlements Help Policyholders and Their AdvisorsBy Joe BorowiecUntil recently, many life insurance policyholders were completely unaware of the secondary marke...

07/10/2019

The Rising Cost of Elder Care

"Lots of subtle shifts (and a few not-so-subtle transformations) are likely to take place as you get older, several of which will inevitably impact your overall quality of life. Everything from your health to the status of your social relationships can have an effect on your mental and physical wellbeing, and your personal finances are no different. In fact, AARP and other industry experts have revealed through countless surveys that nearly half of older adults expect to retire at an older age than their parents’ generation, due primarily to concerns about money—or more accurately, a lack thereof."

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The Rising Cost of Elder Careby Joe BorowiecLots of subtle shifts (and a few not-so-subtle transformations) are likely to take place as you get older, several of which will inevitably impact your overall quality of life. Everything from your health to the status of your social relationships can have...

06/18/2019

Why Are My Universal Life Insurance Premiums Skyrocketing?

"Life insurance certainly has its perks: security, protection and a financially stable future for your loved ones. But all this stability comes at a price, and that price has been steadily climbing for some policyholders for many years. When premiums spike, it can put additional strain on seniors who may already struggle to make their monthly payments."

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05/28/2019

Financial Planning Challenges Facing Older Americans

"...A life settlement or viatical settlement entails the sale of an individual’s ownership of a life insurance policy to a third party in exchange for an immediate payment of a percentage of the death benefit. The new owner becomes the beneficiary of the policy and receives the death benefit when the insured dies."

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In Brief As the number of senior citizens in the United States continues to rise, CPAs and financial planners will be increasingly called upon to help

05/22/2019

What a Life Insurance Settlement Could Do For You:

- When you transfer a policy, you may receive cash in one lump sum
- Eliminate your need to pay any future premiums
- You may obtain a larger cash payout your insurer would otherwise pay

05/21/2019

Common Life Settlement Myths Debunked

"For years, life settlements flew under the radar as unknown and untapped sources of financial support available to seniors no longer in need of their term, whole or universal life insurance policy. Because so few people knew—and still don’t know—the facts about life settlements and how they work, several falsehoods and myths have proliferated over time. While policyholders and insurance professionals alike have a good deal yet to learn about the life settlement industry, new resources are becoming available to educate the public about their options."

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Common Life Settlement Myths Debunkedby Joe BorowiecFor years, life settlements flew under the radar as unknown and untapped sources of financial support available to seniors no longer in need of their term, whole or universal life insurance policy. Because so few people knew—and still don’t kno...

05/14/2019

Life Settlement Timeline: What to Expect and When

"Aging out of the workforce and entering your retirement years can feel both exciting and unnerving—there are life events to plan for, funds to squirrel away for future needs and lots more life to live. This can make planning difficult, especially for those who need help assessing their personal finances or assets. Unsure of what possibilities to prepare for, many seniors never explore the full breadth of their financial options. "

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Life Settlement Timeline: What to Expect and Whenby Joe BorowiecAging out of the workforce and entering your retirement years can feel both exciting and unnerving—there are life events to plan for, funds to squirrel away for future needs and lots more life to live. This can make planning difficult...

05/08/2019

Educating Your Clients About Their Life Settlement Options

"If there’s one challenge facing financial advisers, life insurance agents and their clients alike, it’s a distinct lack of resources detailing how life settlements work. Without understanding your options—or the options available to your senior clients—it’s impossible to make informed decisions about the future."

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Educating Your Clients About Their Life Settlement Optionsby Joe BorowiecIf there’s one challenge facing financial advisers, life insurance agents and their clients alike, it’s a distinct lack of resources detailing how life settlements work. Without understanding your options—or the options a...