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Q Life Settlements Archive
Journal
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….
May 6, 2019
Why Most Americans Make Early Withdrawals From Their Retirement Savings
A recent study published by GoBankingRates surveyed 2,000 Americans who indicated they had made an early withdrawal from their retirement funds, and while the results are fascinating not all of it is surprising. The study found that nearly 44% made deductions to pay off debt and bills, 22% to pay for medical expenses and healthcare, 22% to cover a financial emergency, and 12% to pay for education or purchase a home.
April 18, 2019
Important Things to Know About a Life Settlement Valuation
Life settlement transactions are frequently very complex and can be time-consuming to conclude. However, the aim of these transactions is generally the same, and that’s to achieve the maximum life settlement offer possible. Since the guiding objective is to determine the fair market value for a given life insurance policy, it’s important to pay attention to the structure and execution of any transaction which is considered. These factors will also have a huge impact on whether or not any deal is actually consummated, so that money is actually put into the hands of a policy owner.
April 1, 2019
Seniors’ Long Term Care Costs Growing as Medical Costs Slow Down
In the study, “Explaining the Slowdown in Medical Spending Growth Among the Elderly,” published in the February edition of the journal…
February 27, 2019
Using Life Insurance to Pay for Long-Term Care Costs
A bill has been introduced in Congress which would allow seniors to use life insurance policies they own to cover a whole variety of health costs, including long-term care. The bill is sponsored by Representative Brian Higgins (D-NY) and Representative Ken Marchant (R-TX), and its intent is to allow seniors to improve quality of life in their later years.
December 22, 2018
Is Selling Your Life Insurance Policy a Good Idea?
In recent years, the possibility of selling a life insurance policy as a means of raising funds has become increasingly popular with policyholders. In fact, an entire industry called ‘Life Settlements’ has sprung up around this practice, with some companies eager to purchase prime life insurance policies, in expectation of cashing in the death benefit when an individual passes on.