How To Fund Your Long-Term Care

Nels GriffinNews

How to fund long term care

There are a few simple facts to remember when thinking about long-term care for you or a loved one. The first is that most senior Americans over the age of 65 will need long-term care sooner or later. The second fact is that this kind of care is becoming more expensive and fewer insurance companies are offering coverage for it. And the … Read More

A Stable Future For The Life Settlement Industry

Nels GriffinFrontpage Article, News

senior settlements

After a sharp downturn after the 2008 financial crisis, the life settlement industry is making a comeback in a big way. More and more seniors and baby boomers are retiring – unfortunately, more of those going into retirement are facing financial uncertainty and insecurity. The Baby Boomer generation, by widespread consensus, started in 1946. That means that the oldest baby … Read More

Competent Evaluation of Life Settlement Options.

Nels GriffinNews

How to fund long term care

Having a dynamic and up to date understanding of life settlements is vital for financial advisors. There are varying circumstances where life settlements may be beneficial for clients, but one size does not fit all.  It is important to remember that not all clients that want a life settlement may qualify.  In addition, life settlements may work well for some … Read More

When Should You Sell Your Life Insurance?

Nels GriffinNews

financial tools

A quick look at when a life settlement is the right choice. Each individuals situation is unique and this can present a challenge.  Policy holders that are up to the challenge of identifying unique solutions for their financial needs are positioned to preserve more wealth.  With that in mind, what are some circumstances in which individuals may find that selling their life … Read More

Life Settlements Common Myths

Nels GriffinNews

life settlement beneficial

Many financial advisors are still relying on outdated or inaccurate information when considering life settlements. Life Settlement transactions basically boil down to allowing policy holders to sell their existing life insurance to a third-party life settlement provider, ideally for a cash value in excess of the policies surrender value. Although the benefits of this option are simple and clear, advisors … Read More

A Powerful Tool For Financial Advisors – Life Settlements

Nels GriffinNews

financial advisors

These powerful financial tools are often overlooked or misunderstood.  Learn how they can fit into your advisor’s toolbox. If you are like many advisors when the subject of life settlements comes up ideas like confusing, unregulated, or just plain creepy may come to mind.  With any financial instrument, there are concerns that need to be addressed through proper research and … Read More

The History of Selling a Life Insurance Policy

Nels GriffinNews

selling life insurance policy

The Start of the Secondary Market for Life Insurance. In Grigsby v. Russell, 222 US 149, the U.S. Supreme Court ruled in 1911 that consumers have the legal right to sell a life insurance policy to a third party. Justice Holmes wrote, “To deny the right to sell except to persons having such an (insurable) interest is to diminish appreciably the … Read More

Seniors Ask: Can I Sell My Life Insurance Policy?

Nels GriffinNews

insurance settlements

Can I Sell My Life Insurance Policy? With rising costs in long term care and the explosion of Americans entering retirement, many seniors have found themselves asking, “Can I sell my life insurance policy?”  The answer to this question is a qualified “yes”.  Although life settlements have become a well regulated safe tool to help seniors generate cash, there is … Read More