Insurance That Seniors Bought Decades Ago Is Reeking Havoc On Their Lives Today. Universal Life was popular when it was introduced in the 1980s. It offered both insurance and a savings account with high interest rates that would earn money to keep premiums the same. But as a recent article by the Wall Street Journal […]
Life Insurance Articles
More Seniors are Filing for Bankruptcy
Record Numbers of Seniors Are Declaring Bankruptcy. Here’s What You Can Do About It. Did you know the rate of people 65 and older filing for bankruptcy is three times what it was in 1991? The New York Times recently shared data on the big increase in bankruptcy filings by older Americans. Seniors face higher […]
Coventry Is The #1 Life Settlement Provider of 2017!
Some exciting news from finance publisher The Deal has just been released: Coventry is the market leader once again, taking first place in “The Top Life Settlement Providers for 2017.” 🎉 As the largest buyer, Coventry purchased more than three times as many life insurance policies as any other life settlement company in 2017. What […]
New NAIC Report Provides Options for Financing Long Term Care Costs
Life settlements can be an important asset to help seniors generate resources to pay for their long term care costs, according to a report issued on July 19, 2017 by the National Association of Insurance Commissioners’ Long Term Care Innovation (B) Subgroup. The report recommends life settlements – in which policyowners sell an existing life […]
Hidden Cash in Your Term Life Policy
Don’t make the mistake of thinking that your term life insurance policy has no value to you, just because it has no accrued cash value with the insurance company. Exploring all available options is important for those who are looking to maximize the value of their term life insurance policies, especially as the policy nears […]
Has Your Life Insurance Premium Increased Recently?
Do you have a universal life insurance policy? Have your premium rates recently gone up? If so, you are not alone. People across the country have been faced with giant spikes in their life insurance premiums over the past few months due to record low interest rates. Universal life insurance is especially vulnerable to low […]
How to Manage Rising Health Care Costs
Rising health care costs are an unwelcome surprise for anyone. But many people are finding relief through simple strategies that help them better leverage all of their available financial resources. Consider this story about a couple who sold their $100,000 life insurance policy to pay their increasing medical bills. The wife was diagnosed with Alzheimer’s […]
A Strategy for Dealing with Rising Life Insurance Costs
In recent months, many seniors have been hit with an unwelcome surprise as many insurers are raising their life insurance premiums. When a life insurance policy becomes too expensive to maintain due to premium increases, the owner can be faced with some difficult decisions. Consider this story: Jane is an 84 year-old woman who owned […]
How to Retire on Your Own Terms
“What’s in your wallet?” asks actor Samuel L. Jackson in a credit card commercial. If you’re one of the millions of Baby Boomers hoping to retire in the next few years or currently in retirement, the better question might be, “What’s in your retirement account?” The most likely answer: Not enough. The truth is in […]
How Can You Make the Most of Your Life Insurance Policy?
As you approach retirement, you may be thinking about making changes in your lifestyle: cutting back on your work schedule, starting an encore career, moving to a new town—things that mean starting a new chapter in life. It can be an exciting time—and even better if you know you have the financial resources to make […]