Term policies that are convertible to universal life make some of the best prospects for a life settlement, but they are frequently overlooked.
With many Americans struggling to meet their retirement income needs, it is unfortunate that valuable assets may not be properly utilized in retirement planning.
“We’re going to go through a quick, ten- to 15-minute personal health assessment,” said Jay Jackson, vice president of Abacus Life Settlements in Orlando. “There are no right or wrong answers.”
It’s no secret that financing long-term care is becoming a massive problem for America.
A longtime advocate of private long-term care insurance contends that many consumers use insurance-based strategies to game the Medicaid nursing home benefits eligibility system.
The National Association of Insurance Commissioners (NAIC) has approved a document for policymakers and various stakeholders that provides an overview of long-term care (LTC) financing mechanisms currently available in the private market, including the life settlement option.
Florida Gov. Rick Scott signed into law Monday a bill that will require life insurance companies to advise policyholders to consult with a licensed insurance agent or financial advisor before making changes to their policies.
John Dallas, chief executive officer of Berkshire Settlements, Inc., has been elected to a three-year term on the board of directors of the Life Insurance Settlement Association (LISA).