Nutrition Tips for Seniors

Green Settlements Staff

A balanced, nutritious diet is essential at any age. As our immune systems weaken, daily intake of vitamins and minerals becomes even more essential for staying fit. Check out a few quick tips for staying happy and healthy well into retirement. Stay Hydrated Adults lose more than 80 ounces of water through normal daily activities. […]

Refinancing Your Mortgage in Retirement

Green Settlements Staff

As you approach retirement, you probably have three primary goals in mind: Maximizing the value of your assets. Reducing your expenses. Generating cash flow. It’s likely that your home is one of your most valuable assets. If you’re still paying off a mortgage, refinancing is an option that can help you meet all three of […]

Discussing Retirement with Your Parents

Green Settlements Staff

Not everyone considers the family finances a suitable topic for dinner table conversation. Years of dancing around the subject only makes the inevitable discussions more uncomfortable. It’s never too early to talk about retirement with your parents. Check out our advice for getting these discussions started. Set the Stage Don’t blindside your parents. They should […]

Life Settlements for Single Seniors

Green Settlements Staff

For married seniors, life insurance policies are often a necessity. They provide a sense of security and knowledge that, no matter what happens, your spouse, children, and other dependents are taken care of financially. On the other hand, a health insurance policy can become little more than a monthly financial burden for single seniors without […]

LISA Endorses Senior Health Planning Account Act

Green Settlements Staff

The Life Insurance Settlement Association (LISA) announced this week that it would endorse House Resolution (H.R.) 5958, also known as the Senior Health Planning Account Act. H.R. 5958 Representatives Brian Higgins (a New York Democrat) and Gregory Steube (a Florida Republican) introduced H.R. 5958 to Congress in late February. If adopted, the bill would create […]

How Are Viatical Settlements Taxed?

Green Settlements Staff

What is a Viatical Settlement? Viatical settlements allow terminally or chronically ill individuals to sell their life insurance policies for a lump sum. Typically, this sum is greater than what surrendering the policy would provide. It won’t equal the death benefit that the policy would otherwise pay out, but this extra cash can go a […]

Medicare: A Beginner’s Guide to Senior Healthcare

Green Settlements Staff

Medicare, the national health insurance program for seniors over the age of 65, is a sweeping program that provides benefits for over 61 million recipients each year. Most people have heard the word, but few understand the nuances of the program. After all, each of the four parts provides a different level of coverage, so […]

What You Need to Know About Living on Social Security Benefits

Green Settlements Staff

Reaching retirement age can be a blessing and a curse for older adults anticipating their exit from the workforce. On one hand, you’ll have ample time to start projects you’ve been putting off, spend time with friends and family, or take a long vacation. On the other hand, you may be faced with financial insecurity […]

Paying for Home Healthcare with a Life Settlement

Green Settlements Staff

For patients young and old, the cost of healthcare can be a substantial—and in some cases, nearly unaffordable—expense. Seniors often face even greater challenges when it comes to managing their health, especially as medical costs rise, wages remain stagnant and programs like Medicare, typically, don’t go far enough. Home healthcare can be a particularly expensive […]

Can I Borrow from My Life Insurance Policy?

Green Settlements Staff

Table of Contents: Borrowing Basics The Perks of Policy Loans Drawbacks to Consider Life insurance can be a lifesaver for those who want to provide money for their families after they’ve passed away. Although it’s an indisputably helpful tool, insurance policies aren’t always easy to comprehend. In fact, of the 60 percent of American adults […]

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