Ways to Protect Seniors Against Identity Theft
Identity theft is a major issue for people of all ages. However, elderly people are especially at risk, as one in ten Americans who are 65 or older and live at home will become victims of elder fraud. Understanding how to prevent identity theft is essential in keeping your assets well protected at all times. […]
How a Policy Appraisal Protects Client Privacy
Privacy issues have been at the forefront of the life settlement industry since it began more than 25 years ago. The industry pre-dates the landmark Health Insurance Portability and Accountability Act of 1996 (HIPAA), and from its earliest days, we have had concerns about the private information of policy sellers being mishandled during a life […]
Everything You Need To Know About Life Settlements
Buying life insurance is a great way to keep your family protected in the event of a tragedy. However, you may want to sell your life insurance policy eventually. You may no longer need the policy, or your policy is reaching near its expiration date. A life settlement is also another way to supplement your […]
Even Captive Agents Can Take Advantage of Life Insurance Policy Appraisals
It’s no secret that insurance companies don’t like the life settlement industry. When a policy is purchased as a life settlement, by definition it will be held until the policyholder passes away, and the insurance company will have to pay the death benefit. We know that insurance companies make most of their money when policies […]
Why Agents Should Pre-Qualify Life Settlement Clients with Policy Appraisals
Becoming pre-qualified is all the rage. When we go to buy a car, we usually know whether or not we qualify to afford the payments. In the competitive world of residential real estate, if you’re not pre-qualified for a mortgage, you’re very likely to get shut out of bidding – particularly when the market starts […]
Long Term Value of Whole Life vs. Term Life Insurance
Purchasing life insurance is essential in giving financial security to your family once you pass away. You can choose between two different options, whether it’s a whole life or a term life insurance policy. Understanding the difference between whole life insurance and term life insurance is important before you purchase a policy. Whole Life Insurance […]
Understanding the Cash Value of Life Insurance
Life never remains idle, but it’s constantly changing. The original need for buying life insurance coverage can easily change over time, as needing income replacement for young kids isn’t necessary after retirement. These policies may also no longer be affordable, as low-interest rates and the rapidly changing equity markets having significantly impacted older policies. One […]
Life Insurance Settlement Options – How to Get Full Value
The Tax Cuts and Jobs Act (TCJA) contain two provisions impacting life settlements. The TCJA expanded the estate tax exemption while also changing how life settlements are taxed. Both of these changes created a renewed level interest and research for agents and consumers. Avoiding a lot of the industries known pitfalls like the releasing of […]
Plunge in U.S. Life Expectancies Can Lead to Higher Life Settlement Policy Appraisals
Last spring at PolicyAppraisal.com, we wondered aloud about what effect the Covid-19 pandemic would have on life insurance policies. Sadly, we knew that many people were going to succumb to the coronavirus and that this would likely have an impact on life expectancies and how insurance companies view individual policyholders. At the time, we spoke […]
Old Term Policies Can Be “Found Money” for Seniors and their Advisors
Any financial adviser or insurance agent who’s reading this post should stop what they’re doing right now, and start developing a plan to reach out to every person that they have ever sold a term policy. Dig into your files and find all your term clients, and quite honestly, the older the policyholder the better. […]
