Q Life Settlments Blog
December 9, 2019
A remarkable survey completed by the National Council on Aging (NCOA) shows a troubling trend for retirees’ finances. According to their study, there has been a nearly 45% increase from 1992 to 2016 in the number of households in debt which are headed by an adult age 65 and older. In 1992, the percentage was 41.5% and jumped to 60% in 2016.
November 25, 2019
If you plan on someday moving closer to family or to a more desirable climate to enjoy your golden years, taking out a reverse mortgage on your current home may not be a great option. A reverse mortgage loan becomes due once the borrower moves or passes away, so taking out a loan when you may be in need of cash only to have the loan due as soon as you go to move could be a serious issue.
November 9, 2019
A new survey by Provision Living delves into why many of America’s seniors are working well into their retirement. With over 20% of the US population over age 65 still working (a record!), the survey provides some insight into this development.
October 25, 2019
As more people learn about the value life settlements, there is often confusion about who to reach out to in order to begin a life settlement evaluation. In the life settlement industry, there are two main types of life settlement companies: brokers and providers. A life settlement transaction is regulated at the state level, and most states require that a life settlement transaction goes through a licensed life settlement provider. In some cases (especially cases which involve larger life insurance policies), the policy holder may choose to involve a licensed life settlement broker as well. But what is the difference between the two, and which should you choose to work with?
October 12, 2019
Term life insurance is by far the most common form of life insurance in the United States, and many term policy holders wonder if a term policy could be eligible for a life settlement. In fact, many people assume that because there is no cash value in a term policy that it automatically would be disqualified for a life settlement consideration. Term policies actually are eligible for a life settlement, and in fact can be better than a permanent form of life insurance!
September 27, 2019
Most permanent forms of life insurance have a feature built into them which grows the value of the policy over time, known as the Account or Cash Value. These types of policies include Whole Life, Universal Life and its variants- Indexed Universal Life and Variable Universal Life. A policy holder with any of these types of policies may be able to leverage the accumulated value of the policy to take a loan against the value, withdraw some or all of the value, pay the policy’s premium with it, or surrender the policy back to the insurance company for some amount of the account value (in some instances for the full cash value). But what is the difference between account, or cash value, and the cash surrender value?
September 14, 2019
Long Term Care insurance is an invaluable insurance product for an aging individual, but unfortunately by the time a person thinks they may in fact need such a policy it is far too late to take a LTC insurance policy out. At that point, even if the individual can pass the medical underwriting, the premiums will be unaffordable. Here are some ways to cover Long Term Care needs with a LTC insurance policy isn’t an option:
August 30, 2019
A study completed by the Population Reference Bureau titled Aging in the United States highlights some remarkable trends in the US population.
August 19, 2019
In our previous installment, we discussed the two main categories of life insurance: permanent life insurance and term life insurance, but that really just scratches the surface. There are many variations of both of the main types of life insurance policies, in this article we will break down some of the more common variations.
August 6, 2019
At Q Life Settlements we are often asked which type of life insurance is best for a life settlement consideration. Not only do the many different types of life insurance products out there cause confusion, the terms that insurance companies use to describe their products may differ from one company to another. In this article we will discuss the two fundamental types of life insurance: Term and Permanent life insurance, but each category has a handful of subtypes that we will cover soon in our next installment.