Q Life Settlements Blog
December 9, 2019
Debt Levels On The Rise For Many Retirees
A remarkable survey completed by the National Council on Aging (NCOA) shows a troubling trend for retirees’ finances. According to their study, there has been a nearly 45% increase from 1992 to 2016 in the number of households in debt which are headed by an adult age 65 and older. In 1992, the percentage was 41.5% and jumped to 60% in 2016.
November 25, 2019
Reverse Mortgages: 4 Reasons Another Option May Be Better
If you plan on someday moving closer to family or to a more desirable climate to enjoy your golden years, taking out a reverse mortgage on your current home may not be a great option. A reverse mortgage loan becomes due once the borrower moves or passes away, so taking out a loan when you may be in need of cash only to have the loan due as soon as you go to move could be a serious issue.
November 9, 2019
Why So Many American Seniors Are Putting Off Retirement
A new survey by Provision Living delves into why many of America’s seniors are working well into their retirement. With over 20% of the US population over age 65 still working (a record!), the survey provides some insight into this development.
October 25, 2019
Are You Wondering Who To Reach Out To For A Life Settlement?
As more people learn about the value life settlements, there is often confusion about who to reach out to in order to begin a life settlement evaluation. In the life settlement industry, there are two main types of life settlement companies: brokers and providers. A life settlement transaction is regulated at the state level, and most states require that a life settlement transaction goes through a licensed life settlement provider. In some cases (especially cases which involve larger life insurance policies), the policy holder may choose to involve a licensed life settlement broker as well. But what is the difference between the two, and which should you choose to work with?
October 12, 2019
Do You Know That You Can Sell Your Term Life Insurance Policy For Cash?
Term life insurance is by far the most common form of life insurance in the United States, and many term policy holders wonder if a term policy could be eligible for a life settlement. In fact, many people assume that because there is no cash value in a term policy that it automatically would be disqualified for a life settlement consideration. Term policies actually are eligible for a life settlement, and in fact can be better than a permanent form of life insurance!
September 27, 2019
Understanding Cash Value Life Insurance
Most permanent forms of life insurance have a feature built into them which grows the value of the policy over time, known as the Account or Cash Value. These types of policies include Whole Life, Universal Life and its variants- Indexed Universal Life and Variable Universal Life. A policy holder with any of these types of policies may be able to leverage the accumulated value of the policy to take a loan against the value, withdraw some or all of the value, pay the policy’s premium with it, or surrender the policy back to the insurance company for some amount of the account value (in some instances for the full cash value). But what is the difference between account, or cash value, and the cash surrender value?
September 14, 2019
Three Options for Funding Long Term Care when LTC Insurance isn’t an Option
Long Term Care insurance is an invaluable insurance product for an aging individual, but unfortunately by the time a person thinks they may in fact need such a policy it is far too late to take a LTC insurance policy out. At that point, even if the individual can pass the medical underwriting, the premiums will be unaffordable. Here are some ways to cover Long Term Care needs with a LTC insurance policy isn’t an option:
August 30, 2019
Baby Boomers Reshape US Demographics as LTC Insurance Increases Exponentially
A study completed by the Population Reference Bureau titled Aging in the United States highlights some remarkable trends in the US population.
July 20, 2019
To Lapse Or Not To Lapse: Know Your Options To Make An Informed Decision
Life insurance is a critical protection for many policy holders when they take out their policy – it can help protect a business, a young family, or ensure a mortgage can be paid off for example. But for many policy holders, there comes a time when they must evaluate whether their coverage is still well suited to their current life circumstances.
May 22, 2019
US Seniors Facing Staggering Retirement Shortfall
According to a study by Boston College’s National Retirement Risk Index (NRRI), nearly 50% of US households are in jeopardy of not having enough saved for retirement, and they further note that “explicitly including health care in the Index further drives up the share of households ‘at risk.’” In fact, out of over 2,000 US adults surveyed by NerdWallet, only 32% believe that they will have saved enough money for retirement….