What is a Viatical Settlement?

Oct 13, 2020 12:00:00 PM / by LISA posted in Viatical Settlement

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Surprisingly, viatical settlements are not as well-known as they should be. Many people, despite possibly benefitting from the choice to arrange for a viatical settlement, don’t know about them or discuss them. Nevertheless, a viatical settlement is a lucrative arrangement for people suffering from a terminal disease. These people are able to sell their life insurance policy at discounted rates and obtain cash, which can help with financial hardships or other needs. Buyers cash in the policy’s full amount after the death of its original owner. While distinct from life settlements, viatical settlements are also a useful asset for people in specific situations.

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Life Insurance as an Asset

Sep 16, 2020 1:01:07 PM / by LISA posted in Hidden Asset, Life Insurance

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On the surface, life insurance seems like a straightforward type of insurance policy. But could it be a financial asset? That depends on the type of life insurance policy, as well as your perspective. Some types of life insurance, as well as several other insurance types with cash value components, count as assets. This should be kept in mind for many events, such as divorce and other legal proceedings, but also because they may aid you in obtaining financial security when and if it is ever necessary.  

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What Is A Life Settlement?

Aug 28, 2020 9:44:09 AM / by LISA posted in Alternatives to Lapsing or Surrendering

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A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value but less than its net death benefit. In a life settlement transaction, the policy’s owner transfers ownership of the policy to the buyer in exchange for an immediate cash payment and, in some instances, a reduced interest in the death benefit for the policy’s beneficiaries.

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Life Insurance Settlement Association Unveils Focus on Legislative Affairs and Announces New Board of Directors at 25th Annual Fall Life Settlement Conference

Oct 21, 2019 12:00:00 AM / by LISA

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Nashville, Tenn. — October 15, 2019 — The Life Insurance Settlement Association (LISA), the oldest and largest trade association representing members of the life settlement industry, hosted its 25th Annual Fall Life Settlement & Compliance Conference this week in Nashville and rolled out an aggressive strategy for encouraging legislation that protects a consumer’s right to sell a life insurance policy.

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Four Ways To Remain Mentally Sharp In Retirement

Mar 6, 2019 12:00:00 AM / by NAPSI

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(NAPSI)—Many retirees share a fear of gradually losing their ability to think as clearly as they used to or remember simple information such as other people’s names. And while everyone has the occasional “senior moment,” medical research indicates that aging by itself is generally not a cause of cognitive decline.

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Four Retirement Readiness Fixes For Baby Boomers

Dec 21, 2018 9:50:00 AM / by Darwin Bayston, CFA

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(NAPS)—The Stanford Center on Longevity’s 2018 “Sightlines Report” found that baby boomers have accumulated less household wealth and carry more debt in comparison to previous generations of American retirees.

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4 Ways to Downsize in Retirement

Aug 20, 2018 10:20:00 AM / by Darwin Bayston, CFA

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A common decision that faces nearly all seniors at some point is when to begin “downsizing” for retirement. Many older Americans who have lived in the same house for decades eventually conclude they just don’t need as much room in retirement as they needed while raising their families — and in fact the extra space isn’t worth the expense and time required for its maintenance. The fact is that downsizing isn’t a concept limited to the size of your house or the amount of possessions sitting in boxes.

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How to Embrace the New Era of “DIY” Retirement Funding

Jul 13, 2018 8:53:00 AM / by Darwin Bayston, CFA

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In previous generations, it was common for an American to land a job at a stable company, work for that same employer for decades, then retire one day with the proverbial gold watch and a nice pension to supplement their monthly Social Security checks.

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Protect Your Health By Protecting Your Retirement Savings

Jul 1, 2018 8:46:00 AM / by Darwin Bayston, CFA

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(NAPSI)—Anyone who has ever seen a retirement account take a hit during a recession or stock market correction knows firsthand that it takes a mental and emotional toll. New research, however, has discovered that it also makes you sick.

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Survey Finds Financial Stress High in U.S., Fueled by Retirement Planning Concerns

Jun 11, 2018 3:41:00 PM / by Darwin Bayston, CFA

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A recent Harris Poll survey, conducted on behalf of Purchasing Power, found that 87 percent of American adults are at least somewhat stressed about their current finances, with nearly one in four (23 percent) indicating they have either “quite a bit” or “a great deal” of financial stress. In spite of the healthy U.S. economy, 39 percent of full-time employees revealed that their stress level has actually increased in the past 12 months.

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