Planning for End-of-Life Care During a Pandemic

Green Settlements Staff

Table of Contents: COVID-19’s Impact on Seniors Advance Directives Keep Planning Ahead Arrangements for end-of-life care are never an easy thing to discuss, but COVID-19 has made proactivity on the subject especially important. In an interview with NPR, Sunita Pari reminds seniors that, “things can change in a minute.” That’s doubly true while a virulent […]

COVID-19 and Social Security: Bad News for 60 Year Olds

Green Settlements Staff

Table of Contents: How Are Social Security Benefits Calculated? COVID-19 and Social Security A Call to Action After more than four months, the COVID-19 pandemic continues to ravage the American population and economy. Its impact on seniors has been especially dire, but things could soon get even worse for Americans who are on their way […]

Debunking Medicare Myths

Green Settlements Staff

Table of Contents: Myth: Medicare Is Only for Seniors Myth: Medicare Is Free Myth: Medicare Costs the Same for Everybody Myth: Medicare Covers Everything Myth: Medicare Decisions are Final Whether they’re well into their retirement or decades away, nearly everyone in America has heard of Medicare. Introduced in 1965, the social healthcare system is never […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

Common Life Settlement Myths Debunked

Green Settlements Staff

Table of Contents: Myth: Life Settlements Are Only for the Terminally Ill Myth: Seniors Put Themselves at Risk by Purchasing Life Insurance Myth: Only Very Large Policies Qualify Myth: Policyholders Have to Sell Their Entire Policy For years, life settlements flew under the radar as unknown and untapped sources of financial support available to seniors […]

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 […]

Understanding Different Types of Life Insurance

Green Settlements Staff

Table of Contents: What to Know About Term Life Insurance Permanent Life Policies and How They Work Shopping for a life insurance policy can be a daunting task if you haven’t done your research. Although the insurance world can be a tricky one to navigate at times, learning the basic concepts and terminology is half […]

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 […]

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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