Important Things to Know About a Life Settlement Valuation
Life settlement transactions are frequently very complex and can be time-consuming to conclude. However, the aim of these transactions is generally the same, and that’s to achieve the maximum life settlement offer possible. Since the guiding objective is to determine the fair market value for a given life insurance policy, it’s important to pay attention to the structure and execution of any transaction which is considered. These factors will also have a huge impact on whether or not any deal is actually consummated, so that money is actually put into the hands of a policy owner.
Seniors’ Long Term Care Costs Growing as Medical Costs Slow Down
In the study, “Explaining the Slowdown in Medical Spending Growth Among the Elderly,” published in the February edition of the journal Health Affairs, Harvard health economist David Cutler and his research team note that Medicare spending from 1992-2004 grew by 3.8% per year, while Medicare spending only grew 1.1% from 2005-2012. A truly remarkable trend! […]
Using Life Insurance to Pay for Long-Term Care Costs
A bill has been introduced in Congress which would allow seniors to use life insurance policies they own to cover a whole variety of health costs, including long-term care. The bill is sponsored by Representative Brian Higgins (D-NY) and Representative Ken Marchant (R-TX), and its intent is to allow seniors to improve quality of life in their later years.
Is Selling Your Life Insurance Policy a Good Idea?
In recent years, the possibility of selling a life insurance policy as a means of raising funds has become increasingly popular with policyholders. In fact, an entire industry called ‘Life Settlements’ has sprung up around this practice, with some companies eager to purchase prime life insurance policies, in expectation of cashing in the death benefit when an individual passes on.
Who Are Life Settlement Investors?
As a general matter, investors in life settlements are “institutional” investors – that is, sophisticated investment funds that are professionally managed. The typical investors include private equity funds, pension funds, specialized life settlement funds, family offices, and hedge funds. These investors are interested in life settlements for many different reasons, but some of the more common reasons fall into a number of categories…
Explaining a Life Settlement Broker and Provider
Life settlements are highly regulated transactions, governed by each individual state’s insurance laws. Currently, 43 states regulate life settlement transactions. In these regulations, the parties to a transaction are outlined, as well as such parties’ role and responsibilities in…
How Much Is My Life Insurance Policy Worth?
The key factors that are necessary to determine the value of your policy include three items: your age, health condition, and the type of life insurance policy you have. An estimate can be done based on the face value (net death benefit) of your policy, but to get a more precise value…