Life Insurance For Seniors-New Financial Approaches

What to do with your retirement time?

Travel? Home Projects? Games? Read? Volunteer?

How about investing…in the future of our planet, and your grandchildren?

I stumbled upon a great site called Greenseniors.

“Green Seniors is based on the belief that there are thousands of people in the world who care about the natural environment, have some time to spare, and want to do something to try and fix the problems that we have created.”

Go take a look and see if you can’t contribute some time and/or money to this noble cause. If you’re hesitating, ask yourself whether your grandparents would have done the same for you if they knew what to do way back when? You know the… Continue reading

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Today’s Seniors have a vast array of websites that cater to the your growing market, from senior travel, senior fashion, senior experiences. Why not join some of these interactive groups and share experiences, thoughts, ideas? Try Eons or Gather or About for Seniors for an interactive experience or if your family has cancer issues, try the support system at Cancer Survivors Network.

There are an endless array of senior sites and blogs available. Try a search on Google Blog Search for the term “Seniors”, or use Google to obtain news articles through Google News, or even use Google to find “senior forums”, where you can participate and ask and answer questions on a myriad of topics. Get involved and keep your… Continue reading

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clipped from www.life-senior-insurance.com

How is this possible?

The answer is that tantamount to premium financing, wherever the funders are dealing with mortality rate spreads, the institutional folks are also calculating these comparable spreads when it concerns immediate annuities.

This can appear labyrinthian, but it’s actually similar to the stock market option biz. One party believes the stock will go higher,and the other opines the direction is downward.

If you are between 70-85 years old, you might qualify for an immediate annuity that compensates you each month for… Continue reading

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Today’s seniors have a multitude of financial opportunities when it comes to life insurance. There’s the concept of premium financing to obtain insurance, and the life settlements market to sell an unwanted policy.

Did you know, though, that a senior can obtain a loan if they want to keep the policy but require some emergency funds? An easy solution is to is to borrow against the policy. The senior must approach the life insurance issuer and clearly state the financial need for the funds. The loan amount is usually determined as a percentage of the policy face value, but every issuer has its own rules and regulations.

A fixed period of time is scheduled for loan repayment, typically in monthly installments. During this period of… Continue reading

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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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I love the concept of immediate annuities. Particularly if someone else is footing the bill. Can you imagine that some Institutional Funder is willing to put money up in an immediate annuity, and have a portion paid to you for life? That’s right. The senior pays nothing and the greatest part is that the funder hopes (and prays), the Senior lives forever. These immediate annuities pay for life, so the Continue reading

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An immediate annuity for seniors whereby the senior never had to put up a dime or offer any collateral?

My mind went blank. I was in total shock. How could this be, I asked?

Well the answer was that like premium financing, where the funders are looking at mortality spreads, the institutional boys are also looking for these same spreads when it comes to immediate annuities. This may seem complex, but it’s Continue reading

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Premium Financing? What the heck is that I asked my friend Chris?

So began a long story of how large Institutional Funders were interested in financing a life insurance transaction whereby the insured receives a large life insurance policy, names his or her own beneficiary, and is covered up till the time the “loan” is recouped. Turns out the loan will have to be repaid after 2 years or could even 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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