Traditional life insurance has been around for at least a hundred years. But a new twist on life insurance is making its way into the mainstream life insurance marketplace today. A reverse life insurance sale allows policyholders to convert their life insurance policies into a lump sum of cash upfront provided that they meet certain conditions. This type of life insurance transaction is rapidly... Source ..read more

Back in the early 1990s, long-term care insurance was widely considered to be the darling of the insurance industry. Insurers promised their agents and brokers that virtually everyone needed one of these policies, and the benefits that they paid out would keep middle and lower-income policyholders from having to rely solely on Medicare or try to qualify for Medicaid. The median cost for a year of... Source ..read more

vc_toggle title=”What is a life settlement?” css_animation=”none”]In a nutshell, a life insurance settlement transaction is when a life settlement company offers to buy a life insurance policy from a policy owner for a given sum. If the policyowner agrees to the price, then the life settlement company will become the new owner and beneficiary of the policy. The seller receives immediate cash... Source ..read more

There are many factors that enter into the purchase of a life insurance policy. Beneficiaries must be named, the policy owner must also name the insured, and the policy owner’s budget must be flexible enough to accommodate the premiums that must be paid. But some people overlook another factor that has to be present in every life insurance application. In order for any life policy to be valid... Source ..read more

The costs related to long-term care insurance are continuing to skyrocket with no end in sight. The insurance industry has responded with accelerated death benefit riders that can help to cover these costs at a more reasonable price. These riders represent the future of the insurance industry in many ways. A long-term care rider is one of several different types of accelerated death benefit riders... Source ..read more

Many households in the United States today have large amounts of debt. The types of debt are varied – student loans, car loans, high interest rate personal loans, mortgages, credit card debt, and outstanding lines of credit can be enough to financially suffocate just about anyone. The significant loan debt has a major impact on your financial situation. However, there is one source of funds that... Source ..read more

If you’re signing up for life insurance coverage, one of the last but most crucial decisions you’ll need to make as a policyholder is deciding how you want your beneficiary to receive the funds from your death benefit. These are commonly referred to as your “life settlement options. Source ..read more

Viatical settlements can be a godsend for terminally ill patients who need cash immediately to pay for medical bills or other forms of managed care. It can also help insureds by removing the cost of insurance from their budgets. However, these transactions can be complicated, and viatical settlement taxation can be difficult to compute in some cases. Nevertheless, they may be the only alternative... Source ..read more

Americans have invested heavily in life insurance policies of all types. Term insurance, convertible term life and cash value policies of every variety have trillions of dollars stored up in them, and together they constitute one of the economic backbones of the United States. And why is this? To get the death benefit payout, of course. The whole point of having life insurance is to protect your... Source ..read more

It’s estimated that a standard life $500,000 cash value life insurance policy can cost up to $20,000 a year to keep in force. While keeping a life insurance policy active can be a good life decision for many, for others monthly policy premiums may prove to be too big a financial burden. In these cases when you are unable to pay to keep your life policy active, or you no longer want to... Source ..read more