Is it Time for Congress to Pass This Bill?

Green Settlements Staff

The COVID-19 pandemic has hit the nation’s seniors particularly hard and, for many, exacerbated what was already a dire financial situation. Even before the virus sickened Americans in every state, more than 7 million seniors were experiencing poverty. Millions and millions more were struggling to pay for healthcare. Writing for The Hill, Chris Orestis, argues […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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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