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 […]

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 […]

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 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 […]

Debt Management Strategies for Seniors

Green Settlements Staff

Table of Contents: Develop a Post-Retirement Budget Explore Programs for Seniors Adjust Your Lifestyle Consider a Life Settlement As a senior preparing for retirement, it’s a good idea to plan ahead so you can avoid losing your financial footing. Without a steady paycheck, it can be hard to handle medical bills, housing costs, everyday expenses […]

Alternatives to Lapsing an Underperforming Life Insurance Policy

Green Settlements Staff

When you purchased your life insurance policy, it was probably a wise investment. Perhaps you had just gotten hitched, bought a new home or welcomed your first child into the family. These are all great reasons to capitalize on the safety, security and peace of mind a life insurance policy can bring. However, as you […]

Helping Your Senior Clients Navigate a Health Crisis

Green Settlements Staff

Whether you’re a financial advisor, estate planning attorney or certified public accountant (CPA), as an expert working on behalf of your clients, it’s your duty to provide them with all the information they need to make sound financial decisions. If you work with senior clients, you understand that their needs shift and evolve as they […]

How Baby Boomers Can Make the Most of Their Retirement Funds

Green Settlements Staff

Table of Contents: Stick to a Budget Evaluate Your Healthcare Needs Downsize Where You Can When it comes time to clear off your desk, bid your co-workers farewell and enter the next phase of your life, will you be financially prepared for retirement? According to countless national polls and research studies, many older adults are […]

3 Questions That Can Help You Decide If a Life Settlement Is Right for You

Green Settlements Staff

Table of Contents: Are my insurance premiums becoming a burden? Have I experienced a major medical event or change in my health? How will my beneficiaries fare without access to my policy’s death benefit? When it comes to matters of the wallet, it can be tough to know exactly which potential purchases or investments will […]

To Buy or Not to Buy: When Should I Consider Life Insurance?

Green Settlements Staff

Table of Contents: What to Know About Different Policy Options When to Start Shopping Around Life insurance promises peace of mind to policyholders and beneficiaries alike, and with the right plan in place, you can help provide for your loved ones even after you’re gone. The decision to purchase a life insurance policy is one […]

All for One and One for All: How Life Settlements Help Policyholders and Their Advisors

Green Settlements Staff

Until recently, many life insurance policyholders were completely unaware of the secondary market where life policies can be bought and sold—a transaction known as a life settlement. Others may have heard of life settlements, but only in a negative context. Years ago, life settlements were commonly considered risky for seniors vulnerable to financial predators. However, […]

The Basics of Viatical Settlements

Green Settlements Staff

If you suffer from an illness or chronic disease, you likely have a lot of pressing matters on your mind. You may be focused on getting treatment for your condition or arranging your finances and other personal affairs. Perhaps you’re preparing to move from your home to another location, such as a long-term care facility […]

The Rising Cost of Elder Care

Green Settlements Staff

Subtle shifts (and a few not-so-subtle transformations) are likely to take place as you get older, several of which will inevitably impact your overall quality of life. Everything from your health to the status of your social relationships can have an effect on your mental and physical wellbeing, and your personal finances are no different. […]

Why Are My Universal Life Insurance Premiums Skyrocketing?

Green Settlements Staff

Life insurance certainly has its perks: security, protection and a financially stable future for your loved ones. But all this stability comes at a price, and that price has been steadily climbing for some policyholders for many years. When premiums spike, it can put additional strain on seniors who may already struggle to make their […]

Creating a Post-Retirement Checklist for Your Client

Green Settlements Staff

Table of Contents: Take Stock of the Post-Retirement Budget Look into Medicare Eligibility and Other Health Insurance Needs Understand the Ins and Outs of Social Security Make a Tax Plan Review Your Client’s Beneficiaries With an average of 10,000 baby boomers turning 65 every day, the sheer number of seniors exiting the workforce and entering […]

Life Settlement Timeline: What to Expect and When

Green Settlements Staff

Table of Contents: Completing Your Life Settlement Application Submitting the Proper Documents Accepting an Offer Receiving Your Payment Aging out of the workforce and entering your retirement years can feel both exciting and unnerving—there are life events to plan for, funds to squirrel away for future needs and lots more life to live. This can […]

Educating Your Clients About Their Life Settlement Options

Green Settlements Staff

If there’s one challenge facing financial advisers, life insurance agents and their clients alike, it’s a distinct lack of resources detailing how life settlements work. Without understanding your options—or the options available to your senior clients—it’s impossible to make informed decisions about the future. To further complicate matters, life settlements fell victim to bad press […]

Tax Laws and Life Settlements: What Policyholders Need to Know

Green Settlements Staff

Unless you earn a living as a CPA or bookkeeper, you probably find taxes to be a complex, even mystifying part of managing your finances. Survey data indicate that most American adults receive an “F” when it comes to understanding standard income tax information, with the average adult scoring about 50 percent on personal finance-related […]

Should Your Parents Sell Their Life Insurance?

Green Settlements Staff

Table of Contents: What You Need to Know About Life Settlements When Is the Best Time to Sell? As your parents grow older, several transformations will occur that can have an effect on everything from their health to their finances. Sometimes seniors need help making decisions about their future, and they frequently rely on their […]

Guiding Your Client Through the Life Settlement Process

Green Settlements Staff

Table of Contents: Understanding Basic Qualifiers Finding the Best Fit Exploring Partial Life Settlements Unlocking Hidden Value The life settlement industry was established over 20 years ago; however, it remains an oft-overlooked piece of the life insurance and investment puzzle. Insurance agents and policyholders alike sometimes struggle to grasp the financial stability life settlements can […]

Understanding Your Life Insurance Policy's Value on the Secondary Market

Green Settlements Staff

Many life insurance policyholders reach a point when they no longer wish to maintain their policy. There are often several factors that influence a person’s decision to sell their policy and pursue other options. For example, lots of people find it difficult to afford their monthly or annual premiums, especially if those payments increase over […]

It's All About Timing: When Should You Sell Your Life Insurance Policy?

Green Settlements Staff

Table of Contents: One of the most crucial factors affecting your life settlement payout is your age. Seniors with no beneficiaries or dependents have a lot to gain from a life settlement. Thanks to advancements in modern medicine, people are living longer than ever before. In fact, the United States alone is home to almost […]

Leveraging Life Settlement Money for Retirement

Green Settlements Staff

Table of Contents: Day-to-Day Expenses Medical Needs Assisted Living Reaching retirement age can be a bittersweet milestone for many people. On one hand, leaving your job or career presents a number of alluring perks: You can spend more time with your family and friends, focus on your hobbies and even take that trip to Greece […]

Why Some Life Insurance Policies Work for Life Settlements and Others Don't

Green Settlements Staff

Table of Contents: Your Age and Health Status Play a Key Role Size Matters When Conversion Deadlines Come Into Play When Premium Payments Get Too Expensive For seniors who no longer want or need their life insurance policy, a life settlement can be an enticing alternative to letting the policy lapse or surrendering it back […]

Life Settlements 101: A Beginner's Guide

Green Settlements Staff

Table of Contents: How Life Settlements Work Why Sell? Who Is an Ideal Candidate If you were tasked with compiling a list of your personal assets, what would be the first things that spring to mind? Chances are, you’d start with your tangible possessions: your house, car, jewelry or antiques. However, intangible items are considered […]

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