The most common reason for buying life insurance is to provide for dependents when you pass away, but you might be surprised to find out that life insurance can also be used for retirement planning. In fact, there are several ways you can use your life insurance policy to help with retirement finances. In this […]
How to Use Life Insurance for Retirement: 5 Strategies Read More »
To keep your life insurance policy active, you need to make payments. But what happens if you miss a payment? Your life insurance policy grace period provides a safety net to prevent it from lapsing after a missed payment, allowing you to temporarily retain coverage so your beneficiaries will still receive a benefit if something
How Does the Life Insurance Policy Grace Period Work? Read More »
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
How Much Does Hospice Cost and 6 Ways to Pay for Care Read More »
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
How Can I Pay for Senior Living With No Money? Read More »
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
Should You Surrender Your Life Insurance Policy? Read More »
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
Is the Cash Value of Life Insurance Taxable? Read More »
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
9 Alternatives to Life Insurance Read More »
If you have a life insurance policy, you may have some questions about the death benefit or payout beneficiaries will receive after you pass away. The average life insurance payout is $168,000 according to Aflac and insurance companies typically pay claims within 14-60 days of a claim’s submission. However, various factors can impact the payout amount and timeline for payment.
The Complete Guide to Life Insurance Payouts in 2025 Read More »
As you get older and your situation changes, you may decide that your life insurance policy is no longer necessary. Maybe it’s because your loved ones are financially independent, or maybe it’s because your rates have increased and made the policy unaffordable to maintain. In either situation, you’re left with a decision on what to do with
Should I Sell My Life Insurance Policy? Read More »
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.
