Opulen Capital Life Settlement: How much will you need for your retirement?

Funding your retirement – before the financial market meltdown, before the stock market took such a serious dive, you probably thought you had enough put away, didn’t you? But even if the market had remained stable, did you figure the cost of health care into your retirement savings?

You should have. A recent MSN Money.com report showed that 65 year olds retiring today need at the very least over $300,000 to fund health care costs for the next 20 years. And your reward for living into your nineties? A $550,000 average health care bill. The worst news – those figures do not include any nursing home, assisted living, or home health care services.

No matter if you’re 40 or 60, now is not the time to find out you need an additional half million dollars for your retirement in order to afford even the basic health care services. With current market conditions sucking dry many a 401(k), IRA, or other retirement savings accounts, most Americans are rethinking retirement in exchange for enough money to survive on.

It doesn’t have to be that way. In fact, if you hold a life insurance policy with a death benefit of $1 million or more, you might consider the benefits of a life settlement arrangement. Life settlements are basically the sale of your life insurance policy at a price above the surrender value but beneath the death benefit value. That sale transfers the beneficiary status to the buyers, who then pay your premiums and keep your policy in force, hoping to increase their investment once the death benefit is paid out.

Life settlements are good deals for seniors looking for substantial cash payouts, or for people whose need for the life insurance policies may no longer be relevant. Instead of a set surrender value at much less than the death benefit value, life insurance policy holders will collect anywhere from 300 to 500 percent more than the cash surrender value.

If paying your premiums has become a burden you can no longer afford, consider selling your life insurance policy in a life settlement arrangement. The risk of losing all the value of your policy should you let it lapse (and once a policy lapses, policy holders lose their coverage and their premium guarantees) is real – approximately nine out of every 10 policies lapse or are surrendered without the policy holder collecting any death benefit.

Life settlements are not loans. They are cash payouts for the rights of the buyer to collect the death benefit in exchange for continuing to pay your premiums. You as the policy holder and seller get a lump sum payment that has no restrictions, which means you are not subject to any repayment arrangement. The cash is yours. The policy benefits are transferred to the buyer, usually a pool of investors.

Talk with an Opulen Capital advisor today to find out more about life settlements and to see if your policy qualifies for sale in a life settlements market.

Opulen Capital’s mission is to continue to provide the best solutions for our clients through the highest level of integrity and service. The strength of our business is our commitment to improve our client’s financial net worth. For more information on whether your policy qualifies for a life settlement arrangement, contact us at 877-678-5361 or visithttp://www.OpulenCapital.com.