Life Insurance For Seniors-New Financial Approaches

Ah. You seniors.

Life insurance. Who needs it? Should you obtain life insurance?

Well, there’s no income issues per se, nor are there typically business concerns for the senior. There is a major concern for wealthy seniors, however, and that is Estate Taxation.

If you have an estate in excess of $2,000,000 in 2008, and you pass on, your estate will be taxed at a 45% rate on everything above the $2,000,000. So, as an easy example, suppose your estate is $10,000,000. $10,000,000 minus your $2,000,000 exclusion equal $8,000,000. Tax on the $8,000,000 at 45% is $3,600,000!!!! Now that you are sick to your stomach, there is a way to pay for this with little or no financial outlay.

Premium financing gives the senior… Continue reading

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Is it possible to find low or no cost life insurance in the senior market? Absolutely. We’ll be talking about various programs that even provide no out of pocket expenses shortly, including immediate annuities, premium financing, life settlements, financing existing life policies, and more, so come back soon and we’ll cover one of these unique approaches Continue reading

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This senior life insurance blog is all about creative ways for seniors to obtain much needed life insurance.

Life Insurance for Seniors allows seniors to typically obtain life insurance with no, or minimal out of pocket expense. Our creative programs usually require no cash outlay.

Come on in, explore the basics, and then head on over to life insurance for seniors for a more in depth discussion Continue reading

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