| |
| |
|
Insurance Information |
|
|
|
Senior Life Settlements- A New Financial Dawn Emerges
When delving deeper into the market-driven research on the myriads of reasons, motivations, and/or rationales for senior life settlements - seniors selling their life insurance policies have surfaced in recent years. According to studies by key industry players, policyholder rationales for selling life policies are to be identified on one of three levels, due to a combination of them OR influencers from all three levels working together to result in senior life settlement transactions: Individual: cash-need for major expenses, outlived need for coverage, needing different coverage or features, financial distress Family / Estate: Change in beneficiaries (e.g., divorce, death of dependents), Second-to-die policyholder (i.e., spouse) has passed away, material change in the value of estate Business: Change in key executives / partners, change in succession plan (e.g., family business) or needing cash / seeking to monetize assets (Source: Bernstein Research Call, Sanford C. Bernstein & Co., LLC, a subsidiary of Alliance Capital Management, 2005) Other sources (Milestone Settlements, 2004) confirm that senior life settlements appeal as solutions to individuals most likely to consider a life settlement, because they, for one reason or another, no longer need the insurance they purchased. A number of reasons may include: * Seniors whom have insurance and/or estate needs that have changed, making their current policy(s) inadequate or exceedingly adequate for their current or future needs * Seniors who are not satisfied with the performance of the insurance product(s) they have chosen, or are aware of newer, better performing insurance products * Seniors who choose to realize the value of their policy(s) now, rather than continuing to pay on a policy they will never receive the benefits of * Individuals, or owners of a company, who own key man policies that are no longer needed, or elect to use the sale of the policy(s) to enhance a buy-out or create severance packages * Seniors who wish to live out the remaining years of life without a change in lifestyle * Individuals who need capital to pay for medical treatments or procedures * Any senior who realizes that there is now a greater tangible asset value to their life insurance policy, and wishes to take advantage of this added value A cautionary note seems appropriate here. Senior Life Settlements is definitely not territory to approach without the advice and assistance, counsel and due diligence of a well-versed, experienced player in this secondary market. A financial advisor with exposure and experience could advise you and assist you in become aware of any tax liabilities you may face should you sell your policy. Most times a life settlement is taxed on the income above and beyond the basis (what you've paid into your policy to date) of your policy. Each senior life settlement case is different and if seems prudent to have a consultation with a tax advisor or your financial planner prior to proceeding down the path of Senior Life Settlements. Peachtree Life Settlements Jon Thomas has been involved in finance and insurance, specializing in emerging growth markets since 1979. He continues to write articles concerning the public and their pressing financial concerns.
MORE RESOURCES:
Insurance - Google News |
|
|
|
RELATED ARTICLES
Do Insurance Premiums Increase Every Year? Many people ask, "If I am supposed to get a renewal discount, why do my premiums seem to increase with each renewal?" The answer is not always so simple. Each year, new vehicles cost more then they did the previous year. Discount Auto Insurance Whether you are looking for car insurance in Canada, the USA, or somewhere else, finding discount auto insurance can save you plenty of money. The first thing you need to do is get auto insurance online quotes. How To Take The Guesswork Out Of Buying Term Life Insurance Protecting your family is the single most important thing any individual can plan for during his or her life. Buying life insurance can be confusing, and a frustrating process. Credit Card Insurance A word of warning about Credit card repayment protection schemesThe people who sell you the policy and who take out your monthly payment for 'card protection' are not always (in fact, often aren't) the people who you will be dealing with in the event of a claim.So be careful. Accident Insurance Claim Personal Injury Insights There's nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a direct result of that injury and the "pain and suffering" you were forced to deal with.Besides botching up your body (and sometimes your love life) what else does the injury mean to you? It means a ton of financial expense's, including repairing your motor vehicle, lost wages, a shock to your life style, a tremendous inconvenience and short or long periods of pain and discomfort - - all of it a direct result of your injuries. An Annuities Primer Though popular among today's aging Baby Boomers and members of the Mature or "Senior" markets, annuities can be traced back to ancient Greece. The term "annuity" comes from the Greek word "annus"-or "year"-and refers to annual income payments. A Life Insurance Quote Became Reality Life insurance quoteThank goodness John took his life insurance quote seriously. It didn't prevent our daughters from wishing he were still here but thanks to his foresight they and I still have the things he worked for because he turned that life insurance quote into a policy before his untimely death. CarInsurance.com Is Available At All Dealerships With Internet Access! You are ready to buy your first car. Researching the right vehicle can be a daunting task. Senior Life Settlements- A New Financial Dawn Emerges When delving deeper into the market-driven research on the myriads of reasons, motivations, and/or rationales for senior life settlements - seniors selling their life insurance policies have surfaced in recent years. According to studies by key industry players, policyholder rationales for selling life policies are to be identified on one of three levels, due to a combination of them OR influencers from all three levels working together to result in senior life settlement transactions:Individual: cash-need for major expenses, outlived need for coverage, needing different coverage or features, financial distressFamily / Estate: Change in beneficiaries (e. Health Savings Account (HSA): Helpful for Older People? The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier. Are You Sure That Heirloom Oriental Rug From Your Aunt Hilda Is Really Insured? Gone are the days of the cinder block and wood plank bookcases. You've come along way from that old reliable jut rug and CDs (or in some cases, actual vinyl albums) stored in milk crates. How To Save Money On Your Homeowners Insurance? In order to save money on your homeowners insurance you have to consider several price determining factors. One of the biggest factors is whom your insurance provider ends up becoming. Can I Really Get Life Insurance, No Exam Required? Changing the way that life insurance is bought and sold on the Internet and through the media has opened up the doors for many people to have affordable life insurance policies. Life insurance no exam is one such brainstorm. Choosing Affordable Health Insurance For Children In most cases, private health insurance comes through a person's employer, who picks up the majority of the cost of premiums. However, today many people, who are either self-employed or who work for a company that doesn't offer health insurance, find it necessary to obtain quality affordable health insurance for children. Used Car Insurance Every state requires that drivers carry liability insurance. The liability coverage section of an auto insurance policy provides financial protection from liability claims against you when you (or certain other people) cause an accident that results in bodily injuries to other people and/or damage to their property. How Do I Lower My Auto Insurance Rates? Since there are many factors that go into determining your auto insurance rates, there are many chances to lower your rates. If you change jobs and your drive to work changes or you stop working or you work from home, you should contact your insurance company. Medical Bills - Evaluating Your Personal Injury Insurance Claim The value of a personal injury claim has a direct relationship to the amount of your medical bills. Why? Because a claim with medical bills of $500. What is Car Insurance? Car Insurance is compulsory in the UK. You are required by law to have a policy to cover your liability to other road users. Insurance: A Necessity for Peace of Mind There are many choices for insurance. Insurance is a policy where you pay in a certain figure, that you do not usually get back, and pays out in the event of a certain situation. What Is Term Life Insurance? There are two different types of life insurance, term life insurance and permanent life insurance. Term life insurance is the easier of the two plans.
|
| home | site map |
| © 2006 |
