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 […]

The Top 3 Investments for Retirees

Green Settlements Staff

Many hardworking adults look forward to the day when they can leave the rat race behind and retire. While retirement offers several perks, it also leads to new challenges. What you gain in free time, for instance, you often lose in income, and this can take a toll on your personal finances. When the paychecks […]

Financial Planning for Seniors on Medicare

Green Settlements Staff

Table of Contents: Understanding Your Medicare Options Weighing the Pros and Cons Medicare, the national health insurance program for seniors over the age of 65, is an essential resource for many older adults, and without it, a large portion of the population would suffer from a lack of access to affordable medical care. In 2018 […]

When Should You Consider Survivorship Insurance?

Green Settlements Staff

Survivorship insurance, also known as joint survivor life insurance or variable survivorship life insurance, covers multiple people under one policy, making it an appealing option for spouses, parents and couples. You may also hear this type of coverage referred to as “second-to-die” insurance because beneficiaries don’t receive the benefit until both insured policyholders pass away. […]

Finding Financial Relief After a Cancer Diagnosis

Green Settlements Staff

Table of Contents: The Physical and Financial Impact of Cancer Leveraging Assets to Pay for Treatment Combating cancer can be one of the most difficult challenges of a person’s life, and it is one that requires a great deal of mental, emotional and financial fortitude. Beyond the physical hurdles and side effects that coincide with […]

How Life Settlements Can Boost Your Portfolio

Green Settlements Staff

As a financial advisor or agent, you’re likely always on the hunt for ways to grow your client portfolio and expand your expertise. Until recently, life settlements were an oft-overlooked source of income for senior clients seeking financial relief. Getting Ahead of the Curve One reason life settlements have not been pursued in the past […]

5 Great Vacation Spots for Seniors

Green Settlements Staff

Table of Contents: Cape Elizabeth, Maine The Finger Lakes, New York Olympic National Park, Port Angeles, WA Sedona, Arizona Solvang, California The best part of nearing retirement is planning for the adventures that will occupy your idle weekdays.* Though metropolitan bustle and sun-scorched sand may have defined the travel destinations of your youth, your golden […]

5 Ways Adult Children Can Help Support Their Elderly Parents

Green Settlements Staff

Table of Contents: Get a Joint Bank Account Cancel Unused Accounts and Services Subscribe to a Grocery Delivery Service Consider Assisted Living Facilities Stay Present and Positive In childhood, you depended on your parents not only for emotional support, but for sound reasoning and fiscal stability. As your parents near retirement age and walk away […]

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