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What Advisors Should Know About Life Settlements
Every advisor is familiar with the term “fiduciary”. A fiduciary is “one that stands in a special relation of trust, confidence or responsibility in certain obligations to others”. Fiduciary comes from the Latin root fiducia meaning trust. CPAs, attorneys, financial advisors and insurance agents are fiduciaries to their clients.
Is It Time to Review Your Life Insurance Policy?
Cash value life insurance carries an investment component along with death protection. Premiums paid in excess of mortality and administrative costs are credited to the accumulation value of the policy. The accumulation values illustrated in the policy at inception are based on an assumed rate of compounding or crediting. These projections do not assume changes in interest rates or equity markets in a variable policy. The last decade has seen some remarkable changes in interest rates.
Ask the expert: How to reach more seniors
Is There Unforseen Risk In Trust Owned Life Insurance?
Trust-owned life insurance, when properly designed to meet trust objectives and risk suitability parameters of the grantor/insured, carries the benefit of excluding the proceeds from the taxable estate of the insured. Like any other asset however, the life insurance trust is not self-managing and requires periodic review and evaluation to minimize the risk of loss to the beneficiaries and subsequent litigation risk to the trustee.
Questions To Ask Your Life Settlement Broker
You didn’t come to the decision to sell your life insurance policy in the life settlement market lightly – you weighed the options, hopefully talked with an advisor on the pros and cons of the move, and chose the right brokerage firm to facilitate the sale. Or did you choose the right broker?
International Life Settlement Trade Mission Concludes With An Eye On Future Growth
On February 26th, the 2010 Life Settlement Trade Mission concluded its successful four-day cross-country tour with an eye on a future ripe for considerable growth. Two of the industry's leading trade associations, the Life Insurance Settlement Association (LISA) and the European Life Settlement Association (ELSA) wrapped up a first-ever effort to unify international interest in this secondary market.
Aging boomers face stark economics, declining finances, rising health care costs threaten a generation
Not so long ago, Michael Blattman lived in the upscale Washington, D.C., suburb of Potomac, Md., earning $225,000 a year as senior vice president for a student loan company. As he reached his 50s, it never really occurred to him that his job wouldn’t last forever.
Tom Brokaw and Tom Hanks discuss the Boomer generation
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Why Are Life Settlement Brokers So Beneficial?
Fred has had his life insurance policy since he was 21. At 66, Fred assessed his policy against his current situation. His children are grown and have established careers. They make more money than he does, and his policy is no longer useful to him as coverage since he and his wife have prepaid their funeral expenses. Recently, Fred's business has suffered through some significant losses due to the recession, and he's considering his options. Should he take out a business loan with a mid-range interest rate or should he look for capital elsewhere?
