Saving money and paying down debt are not always how we want to spend money. Despite how important it is, there’s always a little voice in our head that says “Wouldn’t you rather have that shiny new iPad?” Educating people on the benefits helps but only goes so far. Most Americans know the long-term benefits importance of saving money or paying down their existing debt, but there’s still that disappointing feeling to know your money can’t be used for something enjoyable.
1. In many cases, a life settlement transaction is a great alternative to lapsing your policy or surrendering your policy for little value. A life settlement allows you to stop paying premiums and receive an upfront cash value in exchange for your policy.
Did you know the life insurance market is actually larger than the mortgage market? At nearly $20 trillion dollars, the life insurance market is a cornerstone of the American economy.
Returning to work after retirement is not easy. Some seniors do it out of necessity, for instance, because of rising medical costs or an underfunded retirement plans. Others seek out a new job because they simply love to work. According to a survey by CareerBuilder, nearly 60% of retirees 60 years or older plan return to the workforce. Whatever your reason may be, here are five tips for helping you successfully transition out of retirement and back into working life.
If you no longer need your policy, simply call your life insurance agent or company, and tell them you want to cancel your life insurance. But before you make that call, make sure you’ve explored other options – such as selling your life insurance for cash in a life settlement.