For many American retirees, the scariest part of retirement isn’t boredom or even health problems, it’s the fear of running out of money. A new survey from Allianz found that 64% of Americans fear outliving their savings more than they fear death itself. And with rising costs, longer lifespans, and unpredictable markets, it’s a real […]
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Life insurance offers important financial protection, but many people wonder how much their loved ones will actually receive. The average life insurance payout in the United States in 2023 was about $206,000, according to Aflac. However the final amount your loved ones receive can vary based on several key factors. A life insurance payout is
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Hospice care provides a supportive environment for patients and families when you or a loved one is facing the end of life. While healthcare costs can be a concern for many, the good news is that hospice is very accessible and most costs are covered by Medicare. Additionally, you may be able to cover costs
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There are a lot of unknown factors that make planning for senior living difficult, such as if you’ll need care and for how long. However, the cost is one of the hardest things to account for given how expensive senior care is today and data that suggests it will continue going up. The current national
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A universal life insurance policy can be a valuable tool for retirement planning, as it accumulates cash value over time and can provide a death benefit to help beneficiaries after you pass away. However, things can change over the course of a lifetime and you may find that the policy is unaffordable or no longer
Can I Sell My Universal Life Insurance Policy? Read More »
While most people buy life insurance to create a financial safety net for loved ones, your situation may change and there may come a time when you no longer need or want coverage anymore. Surrendering a life insurance policy is one way to get money back from it, as you can get your cash value
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Cash value life insurance is any type of policy that features a death benefit and a savings element. Common types of cash value life insurance policies include whole life, universal, variable universal, and indexed universal. Cash value policies are permanent, and accumulate value that you can access during your life to pay for emergencies, cover retirement expenses, or even self-cover
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Life insurance is a financial tool to provide for loved ones when you pass away. The death benefit can cover funeral expenses, pay off debt like a mortgage, and provide for living costs of beneficiaries. However, JRC Insurance Group notes that you can be declined for life insurance due to reasons like age, chronic illness, diabetes, a
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If you have a life insurance policy you no longer want or need, a life insurance buyout may be a viable option to get money out of your policy. The process involves selling your life insurance policy to a third party for a lump cash sum, and it frequently comes up when people can no longer afford
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Enjoying retirement means having a comfortable income, either from savings or benefits. However, recent studies suggests that nearly half of retirees struggle to afford basic living expenses and it’s only getting more difficult with inflation reducing your purchasing power. If you’re running out of money or just looking for some ways to get extra income, we’ll share the top available
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Harbor Life Settlements, LLC is not a licensed broker or purchaser of life insurance policies. Harbor Life Settlements, LLC is an advertiser that refers qualified policyowners to licensed purchasers of policies. Harbor Life Settlements, LLC does not advertise to residents of Alaska, Kansas, Nebraska, New Hampshire, North Dakota, Vermont, and West Virginia or refer such residents to licensees. Do not proceed if you are a resident of these specific states.
