Are you a senior considering a life settlement? It could be a great financial option for you and your family depending on the scenario.
Whether or not you should consider a life settlement depends on your personal financial situation, goals, and needs. In general, a policyholder may consider selling their policy because their current financial situation does not warrant the need for a policy any longer. Below are some of the most common reasons why policyholders may abandon their policy.
The internet is awash with all different kinds of advice on retirement – some of it is good, some not. Each year, Ovid compiles a list of the best Retirement Blogs. We look for a many factors, but the most important:
(1) Credibility of information: your retirement is serious and the advice you listen to should be of impeccable quality and come from a reliable source.
(2) Helpful topics: we like blogs that discuss topics relevant to problems or issues that retirees face frequently.
(3) Great content and writing: reading about retirement saving strategies isn’t always a lot of fun, so we look for engaging writers who can simplify complex topics and make reading about them enjoyable.
Here’s are the winners (in no specific order) and below are their stories. Check them out, subscribe and enjoy reading!
A cancer diagnosis is among the worse of life-changing health-related diagnoses a person can receive. In addition to wondering about their own mortality, there are so many other questions at play. Everything from treatment options to how to tell family and friends becomes a question in need of an answer. At the top of the list are the financial concerns that come along with treatment.
Even with insurance, fighting cancer is a costly endeavor because insurance doesn’t cover everything, according to the American Cancer Society. In fact, the American Cancer Society states that even insured individuals may have to pay up to 25% of the cost of expensive oral chemotherapy drugs, for instance. According to NerdWallet, the cost of chemotherapy – the most common and effective way to fight cancer – costs $108,000 in the first year for women and $115,000 in the first year for men. Then, there are the costs for supplemental medications, radiation (if necessary), living expenses (since most people cannot work full-time while going through treatment) and any other complementary therapies used to fight the disease.