When we think of life insurance for seniors, many of us think about impending death and covering expenses such as funerals, hospital bills and paying off outstanding debts. While all of these are possible uses for life assurance proceeds, there's so much more that life insurance can do for you.For those of you who own a family business, you may have heirs who have no wish to be a part of the business. Say you own a restaurant and you have 3...more
Many people delayed purchasing life insurance for seniors earlier in life because they felt they had adequate coverage through their employers, or because it was always something that could be taken care of later after the children's education cost were out of the way. Then the years passed and retirement came along, and they lost the life protection they had at work, now they are looking at investment portfolios, and are seeing a large gap...more
Everyone should have life insurance, because you never know what could happen that may leave your family distraught and searching for ways to handle the expenses left behind by your funeral and the loss of your income. The need for life assurance does not diminish as you get older, either. In fact, as a senior, life insurance is probably more necessary than ever to help your family cope. If you've retired and you pass on, chances are your spouse is going to be living on a fixed income. Your children have children these days, and their money is stretched too. How is your family going to handle the final expenses you left behind? That's where insurance comes in. Especially if you were the working man of the family, when your income is gone your family isn't left with much for your funeral and any medical expenses you may have left behind. A great way to be sure that your family continues to be taken care of, even after you're gone, is life insurance for seniors. The average cost of a funeral, not including the cemetery plot and burial, is over $6,000. Add in the cost of the plot and burial and you're probably close to $10,000. And if you have a costly illness...more
Life changing events can be exciting. A partnership or marriage ceremony, buying a new home, or adopting a child should all be celebrated events for an LGBT family.The reality is that all of these events have a financial burden that you will share with your partner, in some cases for the rest of your lives. This is why it's so important that...more
Provided by The Retirement Group.Life insurance is hard.It's hard to know if you have the right kind.It's hard to know if you have enough.And it's hard to know if you need any at all.The insurance companies have made it even harder by coming up with bewildering names: whole life, term life, universal life. Some life...more
As life settlement brokers in the Life Settlement industry, it is becoming more and more apparent to us Integrity Life Solutions, LLC, that investments in life settlements may not only be prudent from a diversification standpoint, but also relative to internal rates of return, or return on investment. Life Settlements are generally non-correlated investments with possible yields from 10% to in excess of 20% on a net basis, even after accounting for fees and other expenses. The slowdown of purchases of life insurance policies on seniors and the lack of liquidity in the marketplace has made this truly a buyer's market.But we find that a lot of institutional investors are kicking the tires again. The market has stabilized in the sense that certain illicit behaviors have all but ceased (STOLI and illicit premium finance transactions) and the Internal Revenue Service has opined in two Revenue Rulings last year (IRS Revenue Ruling 2009-13 and IRS Revenue Ruling 2009-14) dealing with the tax impact on the seller of a life settlement, and the investor, respectively. Although these IRS Revenue Rulings may not have the effect of adjudicated or statutory law, they do...more
Are you familiar with critical illness insurance? Some people aren't. It doesn't get as much attention as disability insurance or long term care coverage. But if you face a serious health threat, a critical illness policy can...more
Insurance Globe is dedicated to helping you find the best life insurance for your situation. On their website you will be able to compare term life insurance quotes and return of premium life insurance quotes instantly from Americas top life...more
It is really surprise that if you enter "Nike Air Max " and "Air Max 90" as keywords, they will appear two types of shoes. Why this happened? As a Nike fun, it is easy for you to recognize what is the difference between them. But this...more
The cost of long term care increases every year that burdens many elders, particularly those who are uninsured. As LTC costs skyrocket, the need for long term care insurance becomes more pressing because nobody wants to trade wealth with nothing and...more
Most people rant on how pricey long term care insurance is; no doubt why they are indecisive in getting coverage for themselves and would rather take the more complicated alternatives to pinch pennies. For most people, its not the quality of services...more
To begin with, the gadgets are really cool & they actually make us grin & say: wow, just awesome! A gadget always makes feel much better as they access the everyday deepest needs i.e. security, usefulness, comfort and most importantly, one can play...more