A new report by the National Association of Insurance Commissioners (NAIC) Long-Term Care Subgroup includes life settlements among three options for paying for long-term care. Those of us working in the industry have known for years that life settlements are an excellent option for seniors and their families who are struggling to pay for long-term care.
There’s a time during our lives when life insurance can give us incredible peace of mind. When our children are young, or when they’re heading off to college, it’s a relief to know that if something happened to us, their world wouldn’t end. The family would still have money to live on. Tuition would still […]
Since many in the financial services industry are still unfamiliar with the life settlement market, it may come as a surprise that the industry itself is continuing to see strong growth.
Longevity planning is fast becoming one of the most pressing aspects of retirement planning. The reason, of course, is that people are living longer than ever before. That not only means that our retirement money has to last us longer than it used to, but also that we have to prepare for higher healthcare costs, […]
The U.S. is facing a retirement crisis. American Baby Boomers are leaving the workforce at an estimated rate of 10,000 per day - and that’s supposed to continue through 2027. What’s more, a staggering 45% of Baby Boomers have nothing whatsoever saved for retirement. That means that a huge percentage of this group is also […]
At Ashar, more than 50% of the life insurance policies we review are owned in Irrevocable Life Insurance Trusts, or ILITs. These are trusts set up specifically to own a life insurance policy. When the policy owner dies, the death benefit passes to the trust, rather than to an individual or company. The appointed trustee […]
